Properties for sale as part of €4.1 million investment

By William O'Connor

THE first floor GP practice in Ballyowen Community Centre and the dental practice in Ballyowen Shopping Centre are on the market as part of Centric Healthcare Portfolio.

The entire porfolio investment which includes properties in GP Practice in Maynooth and mixed use dvelopment in Ennis County Clare is for sale at €4,105,000.

BALLYOWEN LANE compressor

Ballyowen Medical Health Centre

The first floor property in Ballyowen Lane, Lucan comprises of a GP Practice at the Community Centre.

The property extends to 636.38 m2 (6,850 ft2) in total and benefits from 11 car park spaces onsite.

The property comprises eleven consultation rooms along with a medical assessment area which comprises of four treatment bays with a clinical station.

The property is single tenanted to Centric Health Primary Care Limited.

The total rental income is €95,000 p.a. on a 20 year lease from November 2019 with a Break Option in year 10 and 15. Five yearly rent review on CPI, Cap and Collar basis (10% / -5%).

The ground floor property in Ballyowen Castle comprises a ground floor dental practice of approx. 183.89 m2 (1,979.4 ft2) and benefits from shared car parking to the front as part of the Ballyowen Shopping Centre

The dental practice has its own door access at ground level.

The subject property consists of four Dental surgery rooms, sterilization room, office, waiting room, reception, store room, WC facilities and a staff room.

The property is single tenanted to Centric Health Primary Care Limited. The total rental income is €30,000 p.a. on a 20 year lease from November 2019 with a Break Option in year 10 and 15. 5 yearly rent review on CPI, Cap and Collar basis (10% / -5%).

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