For Sale by Private Treaty

medical centre Investment OpportunityGrange Clinic, DONAGHMEDE, Dublin 13

INVESTMENT SUMMARY

> Opportunity to acquire a purpose built multi-

disciplinary primary care centre

> Anchored by two GP’s and multi-let with tenants

including Boots Pharmacy and a range of highly

qualified health professionals

> 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

Grange Clinic occupies a prominent position on Grange Road in Donaghmede, Dublin 13 approx. 10kms north of the city centre.

Purpose Built Primary Care Centre Large Residential Catchment Area

2242,008 P.A. | RENT |

M50 R139

R107

R104

M50

M1

HOWTHJUNCTION

RAHENYHARMONSTOWN

KILLESTER

KILBARRACK

BAYSIDE

CLONGRIFFIN

NPortmarnock

SUTTON

Dublin Airport

Clarehall

Donaghmede

BeaumontCoolock

Artane

Portmarnock

LOCATION

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.

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 Nos. 29A, 15 and 17A) that provide frequent services to and from the city centre.

Tenant Name DescriptionTotal Area

(sq m)

Total Area

(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’Neill GP Practice

1st floor, rooms 2,3, 5 & 8

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

J MaguirePhysiotherapist

1st floor - room 14

17.3 186 25.09.2012 1 04.09.2013 3,125 Tenant is overholding

Dr Alan CliffordGP Practice

1st floor - rooms 1, 4, 6 & 7

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

P Kavanagh / Ann Sorhan Counselling

1st floor - room 10

20.3 219 1 2,256 No written agreement in place

Treatment Room shared by GPs

1st floor - room 11

16.0 173 N/A Treatment room shared by the GPs

Rooms shared by GPs

Waiting area, office,

kitchen

147.5 1,588 N/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)

New Tenant 2nd floor - room 17

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.

Thandi - Podiatrist 2nd floor - room 18

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

ACCOMMODATION 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

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.

DESCRIPTION

The Specification Of Grange Clinic Is To The Highest Of Standards

SPECIFICATION

> 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

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.

Grange Clinic

comprises a modern, three

storey purpose built medical centre

constructed in 2008

N

ConsultingRoom 02

ConsultingRoom 01

Reception

ConsultingRoom 03

ConsultingRoom 04

ConsultingRoom 05

ConsultingRoom 06

ConsultingRoom 07

ConsultingRoom 08

Kitchen

TreatmentRoom

Waiting Area

01-06

01-05

01-04

01-07

01-01

01-03

01-08

01-13

01-23

01-16

01-1501-14 01-14 01-14

01-17

01-1801-20

01-11 01-12

N

DentalSuite Area Surgery

04Surgery

03

Surgery02

Surgery0102-06

02-05

02-01 02-07

02-08

02-10

02-09

02-13

01-16

02-15

02-14

02-17

02-18

02-1902-20

02-11 02-12

02-02

02-0302-04

N

Unit 03Area 592sqft

Unit 04Area

269sqft

Unit 02Area 592sqft

Unit 01Area 1,345sqftWaiting Area

> 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.

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

GROUND FLOOR 260 SQ.M. | 2,800 SQ.FT.

SECOND FLOOR 210 SQ.M. | 2,260 SQ.FT.

Grange Clinic Floorplans

For Sale by Private Treaty

medical centre Investment OpportunityGrange Clinic, DONAGHMEDE, Dublin 13

Contacts & Further Information

TENURE

Freehold

VIEWINGS

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

BER

Ber No: Available upon requestEnergy Performance Indicator: Available upon request

SELLING AGENT

Savills, 33 Molesworth Street, Dublin 201 618 1300 | savills.iePRSA No: 002233

ROISIN RAFFERTY

+353 (0) 1 618 1431Roisin.Rafferty@savills.ie

SHANE CORBY

+353 (0) 618 1450Shane.Corby@savills.ie

DESSIE KILKENNY

+353 (0) 1 618 1401Dessie.Kilkenny@savills.ie

SOLICITORS

Denis LinehanDenis A. Linehan & Co., Rathgoggin SouthCharleville, 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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