Carehome Investment Portfolio

Healthcare For Sale, Co Galway

• Nursing home investment porfolio
• Purpose built assets
• Predominantly single en suite bedrooms
• let to Ireland's largest operator
• c. 11 years unexpired

Description

For Sale by Private Treaty (Tenant unaffected)

3 purpose built nursing home properties let to Ireland’s largest operator, Mowlam HealthcareThe portfolio consists of 3 homes providing 186 beds (in total), the majority of which are single rooms with wet room en suites.

Each home is located in the heart of the community benefiting from local village amenities, whilst at the same time serving a large catchment area.


Asset 1 -  Adare & District Nursing Home, Croagh, Co Limerick - V94 TN82:

Adare and District Nursing Home is located in the townland of Croagh a short distance from the picturesque village of Adare, in Co Limerick.

The property consists of a predominantly single storey building with residents accommodation provided at ground floor level.

The home is purpose built and has been in operation for over 15 years. It is currently registered for a maximum capacity of 84 residents.

Lease Terms:

Term:  15 years from 19 November 2013 (c.11 years unexpired)
Passing Rent:   €350,000 per annum
Review:  Year 10 to open market rent
Price:  €3,750,000


Asset 2 - Kilcolgan Nursing Home, Kilcolgan, Co Galway - H91 Y7N3:

Kilcolgan Nursing Home is located a short distance from the village of Kilcolgan, in East Galway.

The property consists of a purpose designed single storey building with considerable scope for expansion.

All resident’s accommodation is provided at ground floor level.

The home is purpose built and has been in operation since 2002.

It is currently registered for a maximum capacity of 48 residents.

Lease Terms:

Term:  15 years from 22 November 2014 (c. 12 years unexpired)
Passing Rent:   €200,000 per annum
Review:  Year 10 to open market rent
Price:  €2,750,000


Asset 3 - Moycullen Nursing Home, Moycullen, Galway - H91 CC60:

Moycullen Nursing Home is located a short distance outside the village of Moycullen in Co Galway.

The property consists of a purpose designed single storey building with significant scope for expansion.

The home is purpose built and has been in operation since 2003.

It is currently registered for a maximum capacity of 54 residents.

Lease Terms:

Term:  15 years from 17November 2013 (c. 11 years unexpired)
Passing Rent:   €226,000 per annum
Review:  Year 10 to open market rent
Price:  €2,700,000


Building Energy Ratings: Home      BER Rating    BER No EPI   Adare & District Nursing Home        B3  800582033        388.60  Kilcolgan Nursing Home         C3  800586653   865.67  Moycullen Nursing Home         C2  800587016   537.86

Available for sale in one lot or as individual properties.



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