Commercial Property Purchase Solicitor Dublin
Blanchardstown, Castleknock, Dublin City Centre
Reliable Commercial Property Purchase Solicitors Dublin | Carmody Moran Solicitors
In need of Commercial Property Purchase Solicitors who are experts in Commercial Law and who’ll help protect your interests, minimise risks, and ensure a smooth and legally sound property purchase process?
Trusted Commercial Property Purchase Solicitors with years of practice and service bring a wealth of expertise to the table when it comes to purchasing commercial property. Their legal knowledge, due diligence, contract negotiation skills, and transaction management abilities also ensure that your purchase is carried out in compliance with all legal requirements.
At Carmody Moran Solicitors our expert conveyancing team can meet all of your commercial property needs. We excel in plain English, common sense, and practical advice. We understand the need to deliver on budget and with realistic timeframes.
Commercial conveyances can seem complex to navigate. Carmody Moran Solicitors specialised commercial property team provides an efficient, cost-effective, and expert personal service to our commercial property clients.
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Our Commercial Property Purchase Solicitors and the team have successfully worked with clients on property acquisitions for clients in a variety of various professional, business, and manufacturing backgrounds, from small and medium businesses to franchises, and chains. Our business clients range from high net-worth individuals with substantial property portfolios and business assets, to medical practices, auctioneers, pharmacy chains, small and medium companies, suppliers and wholesalers, manufacturing industries, engineering companies, information technology companies, accountants, and other professionals.
Our Service Locations
Dublin 2
Situated in the centre of Dublin on Mount Street, off Merrion Square, our location is convenient to the heart of Dublin’s commercial and business centers with experience in commercial sales of commercial property, offices, shops, convenience stores, restaurants, medical practices, pharmacies, covering all of Dublin from Merrion Square to Ranelagh, Portobello, Sandyford, Leopardstown to Dun Laoighaire.
Blanchardstown, Dublin 15
In addition, we have another office situated at Main Street, Blanchardstown, Dublin 15, which is convenient to the business parks at Ballycoolin, Blanchardstown Corporate Park, Huntstown Business Park, Eastpoint Business Park, Hibernian Industrial Estate, Broomhill Industrial Estate, Calmount Business Park, North Ring Business Park, Rosemount Business Park, Tolka Valley Business Park, North City Business Park, North Park, Park West, Fonthill Business Park, Longmile Road & Nangor Road.
To arrange a consultation at Blanchardstown or Dublin City Centre at our Mount Street Office at 27 Mount Street Upper, Dublin 2, off Merrion Square, call us today on 018272888 or email [email protected] and our expert commercial property team will be available to assist.
Commercial Property Conveyancing Dublin & Ireland
What factors does a business need to consider when purchasing a commercial property?
Location
Consider the location of the property and its proximity to transport links, amenities, and other businesses. The location can affect the potential rental income, resale value, and demand for the property.
Zoning and planning
Check the zoning and planning regulations for the property to ensure that it is suitable for your intended use. You may need planning permission for certain types of use, and zoning regulations may limit the types of activities that can be conducted on the property.
Condition of the property
Have the property surveyed to assess its condition and identify any potential issues or defects. This can include structural issues, building code violations, or environmental concerns.
Cost
Consider the cost of the property, including the purchase price, stamp duty, legal fees, and any other associated costs. Be sure to factor in ongoing expenses such as maintenance, insurance, and property taxes.
Financing
Determine how you will finance the purchase, whether through a mortgage, bank loan, or other means such as director’s loan. Be sure to consider the interest rates, repayment terms, and any fees associated with the financing option.
Legal matters
Carmody Morans expert commercial property solicitors will review and negotiate the terms of the purchase agreement, including any conditions of sale, warranties, and representations.
Tenancy
If the property is currently let, consider the terms of the existing lease and the rights and obligations of the tenant and landlord. You should also assess the rental income and the potential for future rental income.
Overall, purchasing a commercial property in Ireland requires careful consideration of various factors. It is important to seek professional advice from a solicitor, surveyor, and /or accountant to ensure that you make an informed decision and understand the legal and financial implications of the purchase.
At Carmody Moran Solicitors our expert commercial property team will work closely with you to ensure that your transaction is handled efficiently and smoothly, with a focus on protecting your interests and ensuring that your purchase is legally sound. We will handle all aspects of the transaction, from contract negotiations to due diligence and closing, providing you with the peace of mind that comes from knowing that your investment is secure.
Our Commercial Law & Commercial Property Conveyancing Services include:
- Contract review and negotiation
- Due diligence, including title searches and surveys
- Advising on zoning and planning issues
- Handling all legal documentation, drafting paperwork
- Reviewing finance arrangements and the legal work associated with the same
- Attending to closing
- Registration and post-closing matters
We understand that purchasing a commercial property is a significant investment, and we are committed to helping you achieve your goals. Our team is dedicated to providing you with exceptional service, the personalised attention of senior highly experienced solicitors that a boutique law firm can deliver, and effective legal solutions that are tailored to your unique needs.
If you’re looking for a solicitor to assist with your commercial property purchase in Ireland, contact us today to schedule a consultation. Let us help you make your investment a success.
To arrange a consultation at Blanchardstown or Dublin City Centre call us today on 018272888 or email [email protected] and our expert commercial property team will be available to assist.
Stamp Duty on Commercial Property in Dublin & Ireland
What are the rates of commercial stamp duty in Ireland
Commercial rates of stamp duty are payable on non-residential property for Stamp Duty purposes in Ireland.
This includes:
- agricultural and non-agricultural land
- sites (other than sites purchased with a connected agreement to build a house or apartment)
- commercial or business premises, including offices, factories, shops and public houses
- the creation or transfer of options over land
- interests in land (such as wayleaves or other rights to lay cables, pipes, wires or other conduits)
- easements (a right over someone’s property such as a right of way)
- the creation or transfer of a life interest
- the creation or transfer of a remainder interest
- business assets like goodwill or book debts
- shares, stocks, and marketable securities
- policies of insurance.
There is a single rate of stamp duty rates on commercial property purchases as of September 2021, at a rate of 7.5% stamp duty.
It’s important to note that stamp duty rates are subject to change over time, and there may be exemptions or reliefs available for certain types of property transactions. For example, there may be lower rates or exemptions for transactions involving certain types of businesses or properties, such as agricultural land or certain types of charitable organisations, or land re-structuring schemes, and these rates and various relief schemes can fluctuate and be subject to expiration dates.
When planning to purchase a commercial property in Ireland, early advice with an expert commercial property solicitor and tax advisor to ensure that you fully understand the stamp duty implications of the transaction and any potential exemptions or reliefs that may be available is always to be recommended.
Expert Commercial Property Purchase team at Carmody Moran Solicitors
Our experienced and expert commercial property team at Carmody Moran Solicitors have successfully worked with clients on property acquisitions for clients from a variety of various professional, business, and manufacturing backgrounds, for small and medium businesses, to franchises, and chains. Our business clients range from high net worth individuals with substantial property portfolios and business assets, to medical practices, auctioneers, pharmacy chains, small and medium companies, suppliers and wholesalers, manufacturing industries, engineering companies, information technology companies, accountants and other professionals.
To arrange a consultation at Blanchardstown or Dublin City Centre at our Mount Street Office at 27 Mount Street Upper, Dublin 2, off Merrion Square, call us today on 018272888 or email [email protected] and our expert commercial property team will be available to assist.
At Carmody Moran Solicitors, our team of experienced Commercial Law Solicitors is dedicated to providing comprehensive legal services across various practice areas including Commercial Law. Whether you require assistance with Commercial Litigation, Commercial Property Sales, Commercial Property Purchase, Commercial Leases, Commercial Re-Financing, Shareholder’s Agreements, Employment Law, or Succession and Estate Planning, we have the expertise to support your business needs. Helping you gain your business goals is our priority. Talk to us!
Frequently Asked Questions of our Commercial Property Purchase Solicitors in Dublin, Ireland
What is considered a commercial property in Ireland?
A commercial property in Ireland is typically defined as any property used for business, trade, or investment purposes. It can include office buildings, retail spaces, industrial warehouses, hotels, and other income-generating properties.
What are the key steps involved in purchasing a commercial property in Ireland?
The key steps in purchasing a commercial property in Ireland include conducting due diligence, negotiating the terms of the sale, signing a binding contract, securing financing, completing the transaction, and registering the property with the appropriate authorities.
Are there any restrictions on foreigners purchasing commercial property in Ireland?
No, there are no specific restrictions on foreigners purchasing commercial property in Ireland. Foreign investors have the same rights as Irish citizens when it comes to buying commercial properties.
What are the typical costs involved in buying a commercial property in Ireland?
The typical costs involved in purchasing a commercial property in Ireland include the purchase price, stamp duty (ranging from 1% to 7.5% depending on the property value), legal fees, property registration fees, and in some cases VAT on commercial properties.
Do I need a solicitor to purchase a commercial property in Ireland?
While it is not legally required to have a solicitor to purchase a commercial property, it is highly advisable. A solicitor will handle all legal aspects, conduct due diligence, draft or review contracts, and ensure a smooth transaction.
What are the key considerations when buying a commercial property in Ireland?
When buying a commercial property in Ireland, important considerations include the property’s location, condition, zoning regulations, potential for future growth, access to amenities, environmental issues, and the terms and conditions of the sales contract.
What due diligence should I conduct before buying a commercial property?
Before buying a commercial property, it is essential to conduct due diligence, which may include property title searches, zoning and planning regulations, building inspections, environmental assessments, and lease reviews for existing tenants.
How long does the commercial property purchase process usually take in Ireland?
The timeframe for purchasing a commercial property can vary depending on factors such as the complexity of the transaction, financing arrangements, and any legal or planning issues. On average, it may take between 2 to 6 months to complete the purchase.
Are there any tax implications when buying a commercial property?
Yes, there are tax implications when buying a commercial property in Ireland. These may include stamp duty, VAT (if applicable), capital gains tax on future disposals, and annual commercial rates imposed by the local authority.
Are there any government grants or incentives available for commercial property buyers in Ireland?
Yes, there may be government grants or incentives available for commercial property buyers, particularly for certain types of development projects or properties located in designated regeneration areas. It is advisable to check with local authorities or relevant agencies for available incentives.
Your Expert Commercial Conveyancing Solicitors & Commercial Law Legal Team in Blanchardstown
At Carmody Moran Solicitors in Blanchardstown our experienced commercial law are on hand to advise and skilled in handling all nature of commercial law in Dublin.
The Carmody Moran Solicitors Team in Blanchardstown have a combined total of in excess of twenty five years professional legal experience. Together with their associates they aim to make the Court process as straight forward and navigable as possible while being on hand to alleviate their clients concerns and worries about going through the Court process.
Jim Downing
Team
Jim Downing is a senior member of the team at Carmody Moran Solicitors LLP. He has significant legal experience gained working with private client firms in Dublin before joining the team.
He is a highly skilled commercial conveyancer with broad Commercial Law expertise from his twenty years plus experience working in the legal field making him a private client specialist including the Commercial Property Purchase practice area having handled literally thousands of cases on behalf of clients based in Dublin, Ireland & abroad.
Niamh Moran
Partner
Niamh Moran is one of the founding partners of Carmody Moran Solicitors and is a solicitor with wide ranging experience across all areas of general practice.
Niamh manages the family law, conveyancing in Dublin, and probate divisions of the practice. Niamh’s practice of law is extremely varied and she is regularly sought out for her expertise by clients and colleagues alike.
*While we have made every effort to provide accurate information, the law is always changing and it affects each person differently. This information is not a substitute for specific advice about you personally and it is not intended as legal advice. We will not be liable to you if you rely on this information. In contentious business, a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement. This statement is made in compliance with Reg.8 of SI 518 of 2002.
You should note that no solicitor/client relationship or duty of care or liability of any nature shall exist or be deemed to exist between Carmody Moran Solicitors and you until you have received a written letter of engagement from us in which we confirm our appointment as your Solicitors.
Contact Your Expert Commercial Property Purchase Legal Team in Blanchardstown, Dublin
If you have any questions, our dedicated team of professionals is ready to help. You can also use the contact form below to send us a message, and we’ll get back to you as soon as possible.
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