Eden Gate, Greystones, Wicklow
SOLD
Description
Eden Gate comprises a purpose built detached two storey facility built by Cosgrave’s in c. 2008. There is a lift serving both floors with a fully equipped kitchen. There are large secure outdoor play areas adjacent to the building.
The property is fully let to the Park Academy Limited on Full Repairing and Insuring (FRI) terms for 15 years from the 01st July 2016 at an annual rent of €165,752 with 5 yearly rent reviews at open market rent.
Park Academy Childcare have been market leaders in the crèche industry for over 20 years and their brand is synonymous within quality and innovation within the sector. The continued expansion of the brand is testament to their success in the childcare industry.
Eden Gate offers an exceptional opportunity to acquire a fully performing investment with a guaranteed rental stream and an unexpired term of 13.75 years remaining.
The Directors of the Park Academy are providing a Personal Guarantee for a period of 3 years as part of the sale.
Financial information is available on signing a standard NDA.
