Chance to develop new businesses
THE developer of the Craiglie Business Park is offering blocks of land for an unprecedented five years interest-free with a 10 per cent deposit to help stimulate the market.
Steve Thomas - the developer behind Ferndale Estate, the Lakes Estate, the Sands Estate, the Beachfront Estate, Heritage Rise and complexes such as Mowbray by the Sea and Cayman Villas - said he wanted to help people who want to get their own businesses up and running in the tough economic climate.
“At the moment banks are very reluctant to lend money, especially for start-up businesses, and in many cases when they do it is usually only 50 to 60 percent of the money needed and so the person then has to find bridging finance and that really can become quite difficult,” Mr Thomas said.
“So we have decided to try and give people a legup and offer them terms such as a block of land at interest-free terms for up to five years.
“Of course that helps us too, rather than having the land sitting vacant.
“But we know that there are plenty of people out there who want to have a go and who have many marvellous ideas and if we can give them just that little bit of extra help to start their business it is good for all of us.
“We all live off each other but if we all sit on our hands and do nothing, that’s when the economy really takes a dive.”
Mr Thomas said that people do not have to buy a block outright from him as they can lease it first and see how they go.
“And with the zoning which is light industrial people can also retail from their building if they so desire,” he said.
Anyone who is interested in finding out more information about the deal, can call Callum Jones at Tony Mcgrath Real Estate on 0437 981 195.