Description
** INVESTMENT OPPORTUNITY ** TENANTS NOT AFFECTED **
Modern detached Montessori/Creche facility located in Swords Business Campus.
Charlies Childcare purchased the business in 2023 from the landlord and have several MontessoriTM/Creches in the area.
Balheary Business Campus includes tenants such as the HSE Mater Private Hospital, Laya Healthcare Urgent Clinic, Central Statistics Office, Inland Fisheries Ireland among others.
LOCATION
Balheary Business Campus is located on Balheary Road, a short distance from Swords town and close to Applewood Village and the R132 and is approximately 3 kilometres from the Lissenhall Interchange on the motorway.
Swords has an existing population of approximately 45,000 people and there are substantial residential lands being developed at present.
DESCRIPTION
The building is constructed of concrete block walls, cement rendered externally, mono pitched Kingspan roof, concrete and suspended timber floors and UPVC double glazed windows. The building is approximately 20 years old and overlooks Balheary Park.
Outside - Two play areas with specialised play surface, secure boundaries and grass playing area.
FLOOR AREA - GROSS INTERNAL AREA
Ground floor: 544.48 sq. m. (5,861 sq. ft.)
First floor: 107.82 sq. m. (1,171sq. ft.)
__________________________
652.30 sq. m. (7,032 sq. ft.)
LEASE DETAILS
Occupational lease 15 years from 10th February 2014, incorporating rent review every five years.
Current market rent is E145,000 per annum. There is no VAT payable by the tenant on the rent.
TITLE
The property is held under a 500-year lease from 1st June 2000. The freehold is vested in the management company owned by SISK Property.
SERVICE CHARGE
There is an annual service charge payable by the occupying tenants of E7,296 per annum.
RATES
The occupational rates are E15,122.32 for 2024.
VIEWING
Strictly by prior appointment with Redmond Property
AMV
E1,650,000
Location
Show Map
Mortgage Calculator
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.
