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11 Proby Square, Carysfort Avenue, Blackrock, Co. Dublin

Investment Property (340.00 sqm) For Sale by Private Treaty
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Price €1,500,000

Features

  • 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.

Location

The property occupies a prominent corner position on Carysfort avenue close to the Michael Smurfit Graduate Business School and between Blackrock and Stillorgan, both of which have busy Shopping Centres. Both Stillorgan Shopping Centre and Frascati Shopping Centres are at present being extended and in Stillorgan, on the former Blakes and Esmonde Motors sites, Cairn Homes proposes to develop 598 student bed spaces along with 103 homes, a community sports hall and retail space. Excellent access is provided by public transport including bus, and DarT at Blackrock

Full Description

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

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Description Sqm Sqft
    Ground floor Medical Clinic 192 2,070
    First and second floor, apartment 148 1,593
    Total 340 3,663

Lease Details

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.

BER Details

BER: C1-F
BER No. 800593006, 110260635

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.