Auction
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Units 2, 3 and 4 Ardfallen Medical Centre, Douglas, Co. Cork

  • Auction
  • Lot 237
  • Ireland
  • Retail
  • Commercial

GUIDE PRICE €500,000

Property Summary

  • 3 x First floor medical suite investments.
  • Extending to approximately 252 sq. m (2,712 sq. ft) in total.
  • Suite 4 let to Hazelton Clinic.
  • Lease expiry 2026.
  • Suite 3 let to an individual.
  • Overholding.
  • Suite 4 let to an individual t/a Koru Chiropractor.
  • Lease expiry 2029.
  • Total current rent reserved €62,270 per annum.

Contact Us

Virgil Horgan
Vendor's Solicitor

Contact Us

Virgil Horgan
Vendor's Solicitor

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Description

The property is arranged over first floor only to provide three x medical suites. Internally the property comprises a dental surgery, chiropractor, and health clinic. The property forms part of a wider mixed use development.

Location

  • Douglas is a southern suburb of Cork.
  • The area is located approximately 5km south of Cork city centre.
  • The N40 is situated immediately north of Douglas, with the N8 a further 6km north.
  • The property is situated to the west of Douglas village centre, on Douglas Road.
  • Surrounding occupiers include Spar, Boylesports and the Briar Rose Pub.

Property Table

No Present Lessee Accommodation Sq.m (Sq.Ft) Lease Terms Current Rent Reserved € p.a.
    Total  252 sq. m  (2,712 sq. ft)     €62,270 p.a.
2 Hazelton Clinic Medical suite  87 sq. m (936 sq. ft)  10 years from 01.11.2016

5 yearly rent reviews

IRI terms

Break every 3 years

€10,000 p.a. 
3 An individual Medical suite 89 sq. m (958 sq. ft)

3 years 9 months

Overholding

€30,000 p.a.
4 An individual t/a Koru Chiropractor  Medical suite  76 sq. m (818 sq. ft)

20 years from 01.01.2009

5 yearly rent reviews 

IRI terms

€22,270 p.a.

VAT

Please refer to Legal Documents

BER Rating

C2 - D2

BER Identification Number

Available from BidX1

Energy Performance Indicator

449.61 kWh/m²/yr1.19 - 741.29 kWh/m²/yr1.9

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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