For Sale by Private Treaty medical centre Investment Opportunity Grange Clinic, DOAGHMEDE, Dublin 13
Purpose Built Primary Care Centre Large Residential Catchment M1 Portmarnock Dublin Airport Portmarnock R139 M50 CLOGRIFFI Donaghmede Clarehall M50 R107 R104 Coolock Beaumont HOWTH JUCTIO KILBARRACK Artane HARMOSTOW RAHEY KILLESTER Grange Clinic occupies a prominent position on Grange Road in Donaghmede, Dublin 13 approx. 10kms north of the city centre. RET 2242,008 P.A. IVESTMET SUMMARY LOCATIO Opportunity to acquire a purpose built multidisciplinary primary care centre Anchored by two GP s and multi-let with tenants including Boots Pharmacy and a range of highly qualified health professionals Grange Clinic occupies a prominent position on Grange Road in Donaghmede, Dublin 13 approx. 10kms north of the city centre. Donaghmede has a population of 15,299 (Census 2011) and its wider catchment area extends from Kilbarrack, Raheny, Coolock, Baldoyle to Clongriffin. The entire centre is fully let and producing a rent of approx. 242,008 per annum Located in Donaghmede; one of Dublin s largest northern suburbs comprising a large residential catchment area The property benefits from excellent accessibility to major arterial routes including the M1 and M50 motorways Weighted average unexpired lease term in excess of 3 years Tenants not affected Donaghmede is predominately a residential location. Commercial activity is centred around the subject location on Grange Road which includes the adjoining Donaghmede Shopping Centre, anchored by Dunnes Stores and comprising approx. 170,000 sq ft of retail space in 65 units over two floors. A planning permission was granted for a major redevelopment of the shopping centre in 2009. The M1/M50 are in close proximity and provide access to Dublin city centre, Dublin Airport and all the main arterial routes within Dublin. Howth Junction DART station is located within walking distance of the property and there are numerous bus routes (Dublin Bus os. 29A, 15 and 17A) that provide frequent services to and from the city centre. BAYSIDE SUTTO
DESCRIPTIO The Specification Of Grange Clinic Is To The Highest Of Standards Grange Clinic comprises a modern, three storey purpose built medical centre constructed in 2008 and extending to a gross internal area of 1,236 sq m (13,304 sq ft) and a net internal area of 797 sq m (8,580 sq ft). The ground floor is laid out to comprise three separate retail units accessed from Grange Road. The upper floors are in use as a primary care centre. The upper floor medical areas have a separate entrance and reception area and comprise a mixture of open plan and cellular consultation suites together with ancillary staff accommodation. The Clinic is anchored by two GP practices and incorporates a dental surgery, physiotherapist, a chiropodist and a psychiatrist clinic. Boots Pharmacy, a café/ restaurant and barber shop are located on the ground floor. The building is constructed around a concrete frame structure. The external elevations of the building comprise a rendered finish with impressive double height glazing on the upper floors. Surface car parking for 4 set down car parking spaces is provided to the front of the property and additional parking is provided to the rear of the property for approx. 26 car parking spaces. SPECIFICATIO > > State-of-the-art high quality practice > > Wide range of primary care services on site > > Impressive double height central atrium on the upper floors > > 9 modern consulting rooms, ancillary offices, meeting rooms and staff facilities > > Suspended ceilings incorporating recessed light fittings > > Flexible regular shaped floor plates > > VRV heating and cooling system > > Canteen / kitchen facilities > > Male / Female and Disabled WC > > 1 x 8 person passenger lift ACCOMMODATIO SCHEDULE Floor Sq.m. Sq.ft. Ground Floor 260 2,800 1st Floor 327 3,520 2nd Floor 210 2,260 TOTAL 797 8,580 * All interested parties are advised to satisfy themselves as to the accuracy of the floor areas Tenant ame Description Total (sq m) Total (sq ft) Lease Start Yrs Mnths Expiry Date Breaks Rent (pa) e Comments Boots Pharmacy Unit 1 125.0 1,345 08.07.2013 15 07.07.2028 07.07.2017 55,000 Break option in yrs 2, 4, 5 and 10, subject to 6 mnths notice and 3 months rent Barber Unit 2 55.0 592 01.12.2015 15 30.11.2030 15,000 Stepped rent Yrs 1 & 2: 15,000, Yr 3+: 17,500 Cafe Unit 3 55.0 592 01.12.2015 15 30.11.2030 12,000 Stepped rent Yrs 1 & 2: 12,000, Yr 2: 14,000, Yrs 3+: 17,500 Cafe Unit 4 25.0 269 01.04.2016 15 31.03.2031 5,750 Stepped rent Yr 1: 5,750, Yr 2: 6,750, Yr 3+: 9,000 Dr Tim O eill GP Practice J Maguire Physiotherapist Dr Alan Clifford GP Practice P Kavanagh / Ann Sorhan Counselling Treatment Room shared by GPs Rooms shared by GPs 1st floor, rooms 2, 3, 5 & 8 room 14 rooms 1, 4, 6 & 7 room 10 room 11 Waiting area, office, kitchen 63.5 683 01.06.2008 20 31.05.2028 01.06.2018 30,000 Stepped rent Yrs 1 & 2: 28,000, Yr 3: 29,000, Yrs 4 & 5+: 30,000 17.3 186 25.09.2012 1 04.09.2013 3,125 Tenant is overholding 62.8 676 01.06.2008 20 31.05.2028 01.06.2018 30,000 Stepped rent Yrs 1 & 2: 28,000, Yr 3: 29,000, Yrs 4 & 5+: 30,000 20.3 219 1 2,256 o written agreement in place 16.0 173 /A Treatment room shared by the GPs 147.5 1,588 /A Waiting area, office, kitchen shared by GPs St Patrick s Hospital - Dean Clinic 2nd floor 70.6 760 01.10.2013 5 30.09.2018 25,000 Smart Dental Care 2nd floor 99.5 1,071 10.07.2008 9 9 09.04.2018 36,585 Lease was assigned in 2015 to the current tenant (inclusive of VAT) ew Tenant 2nd floor - room 17 Thandi - Podiatrist 2nd floor - room 18 13.2 142 31.08.2016 1 30.08.2017 20,000 Finalising agreement for rooms 17 & 18 with new tenant from Oct - 5 yr lease. 13.2 142 01.08.2016 1 31.07.2017 4,167 Short Term Business Letting Agreement Sandro Graco - Acupuncturist 2nd floor - room 16 13.1 141 01.08.2016 1 31.07.2017 3,125 Short Term Business Letting Agreement TOTAL 797.0 8,580 g242,008 The above areas are calculated on a net internal floor area and have been confirmed by Douglas Wallace Architects. Please note a detailed tenancy schedule is provided in the dataroom. In addition to the above there are 26 car parking spaces at surface level.
01-07 01-08 01-06 01-01 Room 01 Room 02 Room 03 Room 04 Room 05 Room 06 01-12 01-13 01-11 01-05 Room 08 Room 07 01-16 01-17 01-15 Waiting 01-03 Treatment Room 01-23 Kitchen 01-20 Reception 01-18 01-04 FIRST FLOOR 327 SQ.M. 3,520 SQ.FT. 02-08 02-09 02-07 02-01 Waiting Unit 01 1,345sqft Unit 02 592sqft Unit 03 592sqft 02-06 Unit 04 269sqft 02-10 02-11 02-12 Dental Suite 02-03 02-04 02-05 01-16 02-17 02-18 02 04 02-20 03 02-19 Grange Clinic comprises a The upper floor medical areas have a separate entrance modern, three and reception area and comprise a mixture of open storey purpose plan and cellular consultation suites together with built medical centre ancillary staff accommodation. constructed in 2008 SECOD FLOOR 210 SQ.M. 2,260 SQ.FT. GROUD FLOOR 260 SQ.M. 2,800 SQ.FT. 01 02-15 02-14 02-02 Grange Clinic Floorplans 02-13
Contacts & Further Information TEURE Freehold VIEWIGS Viewings are strictly by appointment through Savills, the sole selling agents BER Ber o: Available upon request Energy Performance Indicator: Available upon request SELLIG AGET Savills, 33 Molesworth Street, Dublin 2 01 618 1300 savills.ie PRSA o: 002233 ROISI RAFFERTY +353 (0) 1 618 1431 Roisin.Rafferty@savills.ie SHAE CORBY +353 (0) 618 1450 Shane.Corby@savills.ie DESSIE KILKEY +353 (0) 1 618 1401 Dessie.Kilkenny@savills.ie SOLICITORS Denis Linehan Denis A. Linehan & Co., Rathgoggin South Charleville, Co. Cork WEBSITE grangeclinicsale.com Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure, intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property, and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence o AU 001799 Government of Ireland. Design by macmancreative.com