Home Ireland Clare Ennis Francis Street, Ennis, Clare

Francis Street, Ennis, Clare

€2,600,000 V95KC3H 14724 m2
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Francis Street, Ennis, Clare

€2,600,000

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Beds
Price €2,600,000
Property Type Investment Property
Size 14724 meters2
Energy Rating BER-
Refreshed on Feb 21, 2025
Eircode V95KC3H
Group Name Colliers (Commercial)
Sales License Number 001223

Description

The prominent property let to Centric Health Primary Care Limited, the OPW and Claremed Pharmacy extends to 14,724 sq. ft.. The property, generating a gross rent of €256,115 per annum, with an unexpired lease term of 7.21 years (WAULT). The medical centre located on the ground floor, boasts a long unexpired term of just under 15 years with no break options, rent reviews are 5 yearly in line with CPI. The Pharmacy located on the ground floor, has a lease expiry in just under 15 years and a break option in 2034, rent review are 5 yearly in line with CPI. On the first floor are offices let to the OPW, expiring in 2030. The property is subject to an annual ground rent of €34,283 p.a. plus 7.5% of the annual rent which expires in 2035, at which point a reversionary lease will be granted at a nominal rent. Guiding €2.6 million, reflecting a NIY of 7.0% and a capital value of €282 per sq. ft. BERs listed in brochure.

BER Details

BER:

Viewing Details

MICHELE MCGARRY Director | Head of Capital Markets +353 87 205 0515 michele.mcgarry@colliers.com NIALL DELMAR Director | Capital Markets +353 87 924 9109 niall.delmar@colliers.com JOHN LANDERS Surveyor | Capital Markets +353 87 053 8997 john.m.landers@colliers.com

Description

The prominent property let to Centric Health Primary Care Limited, the OPW and Claremed Pharmacy extends to 14,724 sq. ft.. The property, generating a gross rent of €256,115 per annum, with an unexpired lease term of 7.21 years (WAULT). The medical centre located on the ground floor, boasts a long unexpired term of just under 15 years with no break options, rent reviews are 5 yearly in line with CPI. The Pharmacy located on the ground floor, has a lease expiry in just under 15 years and a break option in 2034, rent review are 5 yearly in line with CPI. On the first floor are offices let to the OPW, expiring in 2030. The property is subject to an annual ground rent of €34,283 p.a. plus 7.5% of the annual rent which expires in 2035, at which point a reversionary lease will be granted at a nominal rent. Guiding €2.6 million, reflecting a NIY of 7.0% and a capital value of €282 per sq. ft. BERs listed in brochure.

BER Details

BER:

Viewing Details

MICHELE MCGARRY Director | Head of Capital Markets +353 87 205 0515 michele.mcgarry@colliers.com NIALL DELMAR Director | Capital Markets +353 87 924 9109 niall.delmar@colliers.com JOHN LANDERS Surveyor | Capital Markets +353 87 053 8997 john.m.landers@colliers.com
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Colliers (Commercial)
Tel: 01 63...
PSRA No. 001223

Date created: Feb 21, 2025

Colliers (Commercial)
Colliers (Commercial)
PSRA Licence No. 001223
Call Agent: 01 63...