For Sale by Private Treaty

medical centre Investment Opportunity Grange Clinic, , 13 Purpose Built Primary Care Centre Large Residential Catchment Area

M1 Dublin Airport Portmarnock N

R139 M50

CLONGRIFFIN Donaghmede Clarehall M50

R107

HOWTH SUTTON R104 JUNCTION BAYSIDE Beaumont

KILBARRACK

Artane

KILLESTER

Grange Clinic occupies INVESTMENT SUMMARY LOCATION a prominent position >> Opportunity to acquire a purpose built multi- Grange Clinic occupies a prominent position on Grange on Grange Road in disciplinary primary care centre Road in Donaghmede, Dublin 13 approx. 10kms north of Donaghmede, Dublin 13 the city centre. Donaghmede has a population of 15,299 >> Anchored by two GP’s and multi-let with tenants (Census 2011) and its wider catchment area extends from approx. 10kms north including Boots Pharmacy and a range of highly , Raheny, Coolock, to . of the city centre. qualified health professionals >> The entire centre is fully let and producing a rent Donaghmede is predominately a residential location. Commercial activity is centred around the subject of approx. €242,008 per annum location on Grange Road which includes the adjoining >> Located in Donaghmede; one of Dublin’s largest Donaghmede Shopping Centre, anchored by Dunnes northern suburbs comprising a large residential Stores and comprising approx. 170,000 sq ft of retail catchment area space in 65 units over two floors. A planning permission was granted for a major redevelopment of the shopping >> The property benefits from excellent accessibility centre in 2009. to major arterial routes including the M1 and M50 motorways The M1/M50 are in close proximity and provide access to >> Weighted average unexpired lease term in excess Dublin city centre, Dublin Airport and all the main arterial of 3 years routes within Dublin. Junction DART station is located within walking distance of the property and there >> Tenants not affected are numerous bus routes ( Nos. 29A, 15 and 17A) | RENT | 2242,008 P.A. that provide frequent services to and from the city centre. DESCRIPTION

The Specification Of Grange Clinic Is To The Highest Of Standards Grange Clinic comprises a modern, SPECIFICATION three storey purpose built medical centre constructed in 2008 and >> State-of-the-art high quality practice extending to a gross internal area of 1,236 sq m (13,304 sq ft) and a net >> Wide range of primary care services on site internal area of 797 sq m (8,580 sq >> Impressive double height central atrium on the ft). The ground floor is laid out to comprise three separate retail units upper floors accessed from Grange Road. The >> 9 modern consulting rooms, ancillary offices, meeting upper floors are in use as a primary rooms and staff facilities care centre. >> Suspended ceilings incorporating recessed light fittings The upper floor medical areas have >> Flexible regular shaped floor plates a separate entrance and reception Total Total Rent (pa) area and comprise a mixture of Tenant Name Description Area Area Lease Start Yrs Mnths Expiry Date Breaks e Comments >> VRV heating and cooling system (sq m) (sq ft) open plan and cellular consultation >> Canteen / kitchen facilities suites together with ancillary staff 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 accommodation. and 10, subject to 6 mnths >> Male / Female and Disabled WC notice and 3 months rent The Clinic is anchored by two >> 1 x 8 person passenger lift 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 GP practices and incorporates a dental surgery, physiotherapist, a 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, chiropodist and a psychiatrist clinic. ACCOMMODATION SCHEDULE Yrs 3+: €17,500 Boots Pharmacy, a café/ restaurant Cafe Unit 4 25.0 269 01.04.2016 15 31.03.2031 5,750 Stepped rent Yr 1: €5,750, and barber shop are located on the Floor Sq.m. Sq.ft. Yr 2: €6,750, Yr 3+: €9,000 ground floor. Dr Tim O’Neill 1st floor, 63.5 683 01.06.2008 20 31.05.2028 01.06.2018 30,000 Stepped rent Yrs 1 & 2: Ground Floor 260 2,800 GP Practice rooms 2, €28,000, Yr 3: €29,000, The building is constructed around 3, 5 & 8 Yrs 4 & 5+: €30,000 1st Floor 327 3,520 a concrete frame structure. The J Maguire 1st floor - 17.3 186 25.09.2012 1 04.09.2013 3,125 Tenant is overholding external elevations of the building Physiotherapist room 14 2nd Floor 210 2,260 comprise a rendered finish with Dr Alan Clifford 1st floor - 62.8 676 01.06.2008 20 31.05.2028 01.06.2018 30,000 Stepped rent Yrs 1 & 2: GP Practice rooms 1, €28,000, Yr 3: €29,000, impressive double height glazing on TOTAL 797 8,580 4, 6 & 7 Yrs 4 & 5+: €30,000 the upper floors. Surface car parking * All interested parties are advised to satisfy themselves as to the accuracy of the floor areas P Kavanagh / Ann 1st floor - 20.3 219 1 2,256 No written agreement in for 4 set down car parking spaces is Sorhan Counselling room 10 place provided to the front of the property Treatment Room 1st floor - 16.0 173 N/A Treatment room shared by and additional parking is provided to shared by GPs room 11 the GPs the rear of the property for approx. Rooms shared Waiting 147.5 1,588 N/A Waiting area, office, kitchen 26 car parking spaces. by GPs area, office, shared by GPs kitchen

St Patrick’s Hospital 2nd floor 70.6 760 01.10.2013 5 30.09.2018 25,000 - Dean Clinic

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)

New Tenant 2nd floor - 13.2 142 31.08.2016 1 30.08.2017 20,000 Finalising agreement for room 17 rooms 17 & 18 with new tenant from Oct - 5 yr lease.

Thandi - Podiatrist 2nd floor - 13.2 142 01.08.2016 1 31.07.2017 4,167 Short Term Business Letting room 18 Agreement

Sandro Graco 2nd floor - 13.1 141 01.08.2016 1 31.07.2017 3,125 Short Term Business Letting - Acupuncturist room 16 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. N 01-07 01-08

01-06 Consulting Consulting 01-01 Consulting Consulting Consulting Consulting Consulting Consulting Room 02 Room 07 Room 08 Room 01 Room 03 Room 04 Room 05 Room 06 01-16 01-17 01-05 01-11 01-12 01-13 01-14 01-14 01-14 01-15

01-03 Waiting Area 01-23 Treatment Room Kitchen

Reception 01-20 01-18 01-04

FIRST FLOOR 327 SQ.M. | 3,520 SQ.FT.

N N 02-08 02-09 02-07 02-01 Surgery 02-17 02-10 02-11 02-12 02-13 02-15 02-06 01 Unit 01 Unit 02 Unit 03 Unit 0 Area 01-16 Waiting Area Area 1,345sqft Area 592sqft Area 592sqft 02-14 02-18 269sqft Surgery 02 Dental 02-02 Suite Area Surgery Surgery 04 03 02-20 02-19 02-03 02-05 02-04

Grange SECOND FLOOR 210 SQ.M. | 2,260 SQ.FT. Clinic comprises a >> The upper floor medical areas have a separate entrance modern, three Grange Clinic Floorplans and reception area and comprise a mixture of open storey purpose plan and cellular consultation suites together with built medical centre GROUND FLOOR 260 SQ.M. | 2,800 SQ.FT. ancillary staff accommodation. constructed in 2008 Contacts & Further Information For Sale by Private Treaty

TENURE Freehold

VIEWINGS Viewings are strictly by appointment through Savills, the sole selling agents

BER medical centre Investment Opportunity Ber No: Available upon request Grange Clinic, DONAGHMEDE, Dublin 13 Energy Performance Indicator: Available upon request

SELLING AGENT Savills, 33 Molesworth Street, Dublin 2 01 618 1300 | savills.ie PRSA No: 002233

ROISIN RAFFERTY +353 (0) 1 618 1431 [email protected]

SHANE CORBY +353 (0) 618 1450 [email protected]

DESSIE KILKENNY +353 (0) 1 618 1401 [email protected]

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 No AU 001799 © Government of Ireland.

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