Buying or renting commercial property is a significant capital investment for any business or property speculator. Care should be always be taken to assess the benefits and weaknesses of any particular property and it's location. Investigations and projections should include the charges and Local Authority rates payable as well as the rent. In the case of rental business may also be liable to a payment towards the structural insurance and, in the case of managed estate or buildings, service charges. Any commercial assessment should comprise a full investigation of all of these figures and this should dictate the bottom line for the monthly cash flow projections.
As a potential investor/Landlord of commercial property, a review of the Irish Commercial Lease Register may reveal the comparable local area rents so that the likely yield may be more accurately assessed.
The practice has a strong tradition and considerable expertise in dealing with commercial property.
We act in the purchase, lease and sale of all types of commercial property including the following:
- Office buildings
- Short term occupational Licences
- Retail space
- Shopping centre units
- Pubs, Nightclubs and Licensed premises
We act for buyers, sellers and landlords, throughout Ireland and overseas. We ensure a smooth transaction at costs that are kept to a minimum so that you achieve the highest return.
Name: Martin Moloney