DESCRIPTION

Turley Property Advisors are delighted to bring to the market Suite 7 St. Raphaels House, Dorset Street, Dublin 1 to the market for sale. St Raphaels House comprises a three storey building with part two/three storey modern annex to the rear. Suite 7 is situated on the ground floor of the main building. The consultation suite is finished to a medical grade standard including:- WHB, suspended ceilings, recessed lights, data points and altro covered floor with curved cornering. The price represents a NIY of 6.86%.

TENANCY
Hinton Commercial Limited hold a lease on the entire for a term of 20 years and one month from
1st June 2013. The passing rent, per suite, is 23,383 per annum. This suite, as well as the entire House, is sublet to The Mater Private Hospital for a term of 20 years from 1st June 2013 subject to a break option on the 1st June 2023. There is a Rent Review every five years the next 1st June 2021 and the rent will be reviewed in accordance with increases/decreases in the Consumer Price Index.

LOCATION
The property is situated on Dorset Street Upper close to the junction of Eccles Street and Temple
Street in Dublin city centre. Notable medical occupiers in the area include The Mater Hospital, The
Mater Private Hospital, Temple Street ChildrenTM Hospital and The Rotunda Hospital. Furthermore,
there is wide array of retail and restaurants uses in the immediate area. The property is within walking distance of the city centre and also benefits from a variety of Dublin Bus routes serving Dorset Street. Drumcondra Train Station is minutes walk from the property. Dublin Bike stations are available on Hardwicke Place and Eccles Street.