The Park Centre, Cabinteely, Dublin 18
SOLD
Description
The Park Centre Cabinteely is Part of a commercial neighbourhood centre positioned in the centre of a residential housing estate. The property comprises the ground floor of a two storey end of terrace unit with secure outdoor play area.
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 €67,762 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.
The Park in Cabinteely 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.
