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Buy-to-let commercial property

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    #2
    riclad
    Registered Users Posts: 8,184 ✭✭✭riclad


    if you buy property x, you should be getting ten per cent return per year.Whats the 27 or 31 year lease, is that saying tenant has signed up to pay rent for 27 years , ie are you buying a property outright ,or buying the lease,
    right to rent out or accupy the property.ARE you borrowing 300k ,if so what happens if rent s go down,and loan interest rates go to 6 or 8 per cent,can you afford to pay your loan,s at that rate.
    IF tenant goes out out business ,you may be stuck
    with an empty property ,ie no rental income
    for long periods.
    Theres shops closing down every day.

    http://www.revenue.ie/en/tax/stamp-duty/property.html

    Stamp duty on commercial property,
    6 per cent ,
    on domestic ,noncommercial 1 percent.


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    #3
    Victor
    Registered Users Posts: 78,402 ✭✭✭✭Victor


    riclad wrote: »
    Whats the 27 or 31 year lease, is that saying tenant has signed up to pay rent for 27 years
    Yes, although 35 year lease are more common for commercial leases.
    ie are you buying a property outright ,or buying the lease
    You would need to check the details with the estate agent.


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