Giraffe Childcare, Northern Cross, Dublin 17

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SALE AGREED
For Sale Excess €1.1m
BER B2

Description
Posted at 09:11h in Commercial Investment by

Kelly Walsh have been instructed to sell a purpose built crèche facility occupied by Giraffe Crèche with rental income of €90,000 per annum. The property is located in the large mixed-use development in Northern Cross, Malahide Road, Clongriffin, Dublin 17.

The property is a purpose built crèche facility all on a single floor with excellent outdoor play areas, let on a long-term lease from 01st April 2019 at €90,000 per annum. The property comprises 578 sq. m. (6,225 sq. ft.) with an additional external area of 2,700 sq. ft.

The crèche is occupied by the highly reputable and award-winning covenant Giraffe Childcare which continues to operate as an independent subsidiary of Busy Bees, a UK based national crèche operator with 35 years’ experience in the sector. Busy Bees recently acquired all 21 Giraffe Childcare crèche facilities in Ireland, increasing the total number of crèches across England, Scotland and Wales to 374.

The property is one of the busiest Giraffe operations in Dublin and is set amongst a high quality mixed-use development with occupiers including Bank of Ireland, Meadows & Byrne, Aramark, Walls Construction, Mater Private Medical Care.

Kelly Walsh is seeking offers in the region of €1.1m for the property, which is a yield of 7.45% after costs.

Please contact Garvan Walsh at garvan@kellywalsh.ie or on 01-6645500.

Details
  • For Sale Excess €1.1m
  • Area is Clongriffin, Dublin 17 
  • Commercial Investment

Features
Highlight 1
Purpose built crèche facility on a single floor with excellent outdoor play areas.

Highlight 2
The crèche is occupied by the highly reputable and award-winning covenant Giraffe Childcare.


mm
Director PSP Licence No: 002885-003783

Garvan is a Director and founder member of Kelly Walsh Property Advisors and Agents which began trading in 2003. Garvan has over twenty years’ experience in the Commercial and Residential Property Market in Ireland, since graduating with a Bachelor of Science Honours Degree in Surveying from Bolton Street.

He joined DTZ Sherry Fitzgerald in 1994 where he worked in the Investment and then the Industrial Agency Divisions. Garvan then set up the Development Land Department in CBRE in 1997 and within 3 years was seen as a market leader.

In April 2003 Garvan set up Kelly Walsh Property Advisors & Agents with Jeremy Kelly. During its short history the company has enjoyed exceptional success across the Commercial, Development Land and Residential Homes sectors. They advise all the major lending institutions on commercial property and development land.

Garvan has extensive experience in valuing all asset classes, specialising in development land, and was heavily involved in the NAMA Valuation process.