The property briefly comprises a substantial corner property with a three storey building providing a wellestablished and self-contained, six suite, medical clinic on the ground floor together with an extensive four bedroom residential apartment overhead, with separate access from Proby Square to the rear. There was planning permission granted in 2008 to convert the residential apartment to extend the surgery and provide for ancillary use but this was never implemented The Clinic provides accommodation for three doctors, physiotherapists, and a dental practice with reception, waiting area and ancillary accommodation. There is good on-site parking attached to the Clinic Separately, there is a site with a frontage of approx. 18m to Proby Square with potential to develop a single residence
The property is freehold subject to and with the benefit of two proposed tenancies. Lease to the practitioners on an internal repairing and insuring basis of the Clinic and car parking to rear for a term of ten years at a rent of €68,000 p.a., subject to a five year rent review, exclusive of rates and all other normal outgoings. Lease of the residential apartment for a term of twelve months at €24,000 p.a. There will be vacant possession of the site.
Prominent corner location
Modernised and extended medical clinic with excellent catchment area
On-site car parking
Extensive self-contained four bedroom apartment overhead with separate access
Site to rear with development potential for single residence subject to planning permission
Approx. 340 sqm (3,663 sqft) gross internal area
Producing €92,000 p.a.