VARIOUS UNITS AT COOLE MEDICAL CENTRE, Coole, Co. Westmeath

For Sale by Private Treaty (tenants not affected) Executive Summary

• Various medical suites and ancillary services extending to approximately 859 Sq. m (9,246 Sq. ft) • Together with an extensive restaurant and café building extending to approximately 269 Sq. m (2,896 Sq. ft) • Passing income of approximately €33,000 per annum with vacant possession of restaurant/café building • Guide price €285,000 • Initial yield of 11.5% • Signifcant asset management/value add opportunity via letting of vacant retail/restaurant accommodation

Location The subject property is located in the village of Coole in Westmeath. Coole is situated some 25km north of the of and approximately 5km west of . Primary road access to the village is via the R395 . Coole Medical Centre is approximately 500m east of the village.

Description The Medical Centre is arranged over ground foor and part frst foor and extends to approximately 1,267 Sq. m (13,638 Sq. ft) in total. However, the demise of the subject property excludes both the Dental and Physiotherapy practices, thus the subject demise extends to approximately 9,246 Sq. ft. Internally the property is fnished to a very high specifcation to include a reception area, waiting rooms, WC facilities, consulting suites, procedure rooms and ancillary service areas.

The restaurant and café building is arranged over ground and frst foor levels N.B. For identifcation purposes only. Not to scale. and extends to approximately 269 Sq. m (2,896 Sq. ft). The property comprises a former deli and diner together with a café, both of which beneft from separate entrances. Both units were previously ftted out by the former occupier; however, they require substantial ft-out works in order to be occupied. For the avoidance of doubt, the pharmacy unit is not included in the sale. Ample car parking is provided to the front of the scheme.

Tenancy The medical centre is subject to an informal tenancy in favour of a series of individuals. The total gross passing rent is €26,000 per annum. Hidden Hearing also trade from a 38 Sq. m (409 Sq. ft) unit within the medical centre, this suite is subject to an informal tenancy at a passing rent of €7,000 per annum. Therefore, the total passing rent from the centre is €33,000 per annum.

The cafe and restaurant building is offered for sale with the beneft of vacant possession. Restaurant and Cafe Unit Title Viewing Please refer to agent Strictly by appointment with the sole selling agent QRE.

Guide Price €285,000 For further information contact: QRE Real Estate Advisors Waterloo Exchange VAT Waterloo Road VAT is not applicable 4 D04 E5W7

BER Website www.qre.ie BER no. 800547929 Energy Performance Indicator 353.05 kWh/m²/yr 1.19

PSRA Registration No. 003587 The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any 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 themselves (at their own expense) as to their correctness.