FOR SALE BY PRIVATE TREATY - High Yielding Investment (TENANTS NOT AFFECTED)

OLD ROAD SLIEVEMORE CLINIC DUBLIN ROAD, , CO. DUBLIN. A94 CH66 www.medicalinvestment-TWM.com

CITY CENTRE N11 BRAY

RENT NIY 7.50% GUIDE PRICE WAULT € 318,548 pa € 3.862m 8.96yrs Stillorgan Shopping Centre LIDL

Beaufield Mews

Cairn Homes Developments

Oatlands College

ODEON Cinema SLIEVEMORE CLINIC

Priory Hall

Cantrell & Crowley Architects Main Street Stillorgan N11, Quality Corridor & INVESTMENT SUMMARY

• Modern medical facility with good on-site parking • Prominent location just off N11 • Highly accessible to both public and private transport • Tenants include general practitioners, dentists, physiotherapist and pharmacy • Current passing rent €318,548 per annum • Extends to 6,843 sq.ft (635.9 sq.m) GIA • Asset management and reversionary potential • Zoning objective A “to protect and/or improve residential amenity” • WAULT 8.96 years (includes top up from vacant unit and ignores Unit 9-10) • Freehold title

Offers sought excess €3.862 million, showing a NIY of 7.5% after standard purchasers costs of 9.96% SLIEVEMORE CLINIC STILLORGAN SLIEVEMORE Location CLINIC Description STILLORGAN Stillorgan is a particularly well located property is minutes from the Stillorgan established residential community. south suburb of Dublin. Positioned QBC () with very New residential developments over Slievemore clinic originally opened just off exit 14 of the M50 between frequent direct services recent years include The Grange in 1997 and was extensively the Green line and N11, giving including the 46a. Aircoach provide a and Beechwood Court. Cairn Homes access to the City Centre, Wicklow and service from the N11 to have planning permission for 548 refurbished in 2007 providing many other adjoining districts such as in approximately 45 minutes. student accommodation beds and 103 modern medical facilities , , , apartments, within 6-minutes’ walk. , Dundrum and Blackrock. Slievemore Clinic is within walking over ground, first, and second Slievemore Clinic is located on the Old distance of Stillorgan Village, Dublin Road in Stillorgan which runs Stillorgan Shopping Centre, and many floors. Each floor incorporates parallel to the N11 bypass linking the other retail, restaurant and banking private consultation rooms property with St. Stephen’s Green, a facilities. The surrounding area of distance of just 7km. The investment the clinic is a densely populated long and shared waiting areas with ancillary facilities. The property is a busy medical facility and benefits from a range of tenants to include doctors, dentists, physiotherapists, and an onsite pharmacy.

There are also many other visiting health care practitioners that offer additional services to the clinic such as dietitians, diabetic and allergy specialists. General Specification • Eight person, 630kg hydraulic lift • Tiled floor finish • Plastered and painted walls • Plastered ceilings • Recessed lights • Timber skirtings and cherry finished veneer doors TENANCY SCHEDULE SLIEVEMORE CLINIC STILLORGAN

Module DEMISE USE LEASE START TERM NEXT RENT REVIEW LEASE EXPIRY CURRENT RENT UNIT SIZE SQ.FT. GROUND FLOOR GF U1 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €15,000.00 141 GF U2 Medical 01/10/2017 10 years 01/10/2022 30/09/2027 €18,000.00 129 GF U3 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €15,000.00 139 GF U4 Medical 01/07/2015 9 years 11 months 01/07/2020 31/05/2025 €15,000.00 136 GF U5 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €15,000.00 129 Physio Room 1&2 Physiotherapist 15/10/2017 10 years 15/10/2022 14/10/2027 €27,500.00 275 Pharmacy Unit Pharmacy 16/11/2007 35 years 16/11/2022 15/11/2042 €53,700.00 355 FIRST FLOOR 1F U6-8 Vacant* €40,000.00 596 1F U9-10 Dental 16/09/2007 9 years 11 months N/A 15/08/2017 €39,148.00 769 1F U11 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €15,000.00 221 1F U12 Medical 01/11/2019 10 Years 01/11/2024 31/10/2029 €20,000.00 119 1F U13 Medical 07/03/2018 5 years N/A 06/03/2023 €20,000.00 172 SECOND FLOOR 2F U16 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €12,600.00 168 2F U17 Medical 01/08/2015 10 years 01/08/2020 31/07/2025 €12,600.00 185 €318,548.00 3,534

*Landlord providing 12 month rent and service charge underwrite. FLOOR PLANS GROUND FLOOR Total GF Ancillary Sub-Total FF Pharmacy Physio Room 2 Physio Room 1 GF.U5 GF.U4 GF.U3 GF.U2 GF.U1 Unit No. Ground Ground Ground Ground Ground Ground Ground Ground Ground Floor 292.8 171.6 121.3 33.0 13.0 12.5 12.0 12.7 12.9 12.0 13.1 M 2 Gross Internal Area GIA 3,152 1,847 1,305 355 140 135 129 136 139 129 141 ft2 FIRST FLOOR *Balcony Area Not Included but Stated Separately Stated but Included Not Area *Balcony Total FF Ext. Balcony* Ancillary Sub-Total FF 1F.U13 1F.U12 1F.U11 1F.U9-10 1F.U6-8 Unit No. Floor First First First First First First First 242.7 39.4 68.4 174.3 16.0 11.0 20.5 71.4 55.4 M 2 Gross Internal Area GIA 2,612 425 736 1,875 172 119 221 769 596 ft2 SECOND FLOOR Overall Total Ancillary SpaceTotal GIA Medical Room Total GIA Total SF Ancillary Area Sub-Total SF 2F.U17 2F.U16 Unit No. TOTALS Second Second Second Floor 100.3 67.5 32.8 17.2 15.6 M 635.9 307.5 328.4 M 2 2 Gross Internal Area GIA 1,079 726 353 185 168 ft2 ft2 6,843 3,309 3,534 SLIEVEMORE CLINIC

4/5 Dawson Street D02 FH72 Ireland

Patricia Ward Michele Jackson Louise Wright T: +353 1 611 0324 T: +353 1 611 0323 T: +353 (0) 1 673 1817 E: [email protected] E: [email protected] E: [email protected]

TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 1.These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. VAT may be payable on the purchase price. PSRA No: 001835