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Is somebody attempting to make a virtue out of a necessity here? Who are you getting your information from? The developers/agents or somebody who will actually give you independent, objective information?peagle said:they have found an underground spring which is suposed to mean that the hotel will now be a spa hotel
ClubMan said:Is somebody attempting to make a virtue out of a necessity here? Who are you getting your information from? The developers/agents or somebody who will actually give you independent, objective information?
ClubMan said:On the topic of leasebacks in general bear in mind that the purchase price of properties with leaseback/rental guarantees often build in the cost of such guarantees and inflate the price above what one might normally expect to pay for a similar property with no such guarantees on the open market.
Purchase costs are about 6% and CGT is 30%; your rental income may be taxed at 25%.
Jack Frost said:For what it is worth , a work colleague got the speel on these apartments about 4 months ago. He ended up buying a two bed in the same complex. Another colleague went for a more expensive lavish 3 bed job which cost about 120,00. I gave it consideration, and spoke to the re max guy in kerry, He was a good salesman, and made me believe that I was missing the boat if I didnt buy one there and then.
My colleagues have signed their contracts and a big part of it for them was that it was backed by the Bank AM AMBRO. There apartments are due to be finished in aabout 4. months time.
I didnt buy myself in the end, it all just seemed to be to easy, but hey, maybe I should have,
Jack
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