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Nursing Home Site, Carrickmacross, Co. Monaghan.

Nursing Home Site, Carrickmacross, Co. Monaghan.

For Sale Nursing Home Site. Ready to Go for 90 bed Nursing Home, Carrickmacross, Co. Monaghan.

  • Development Site with Full Planning Permission for 90 bed Nursing Home.
  • Located on the edge of Carrickmacross Town Centre.
  • Proposed development over 3 storeys on a site of c. 3.51 acres (1.42 hectares).
  • Potential D&B, Site Sale or Lease considered.
  • Services the local villages and towns.

Situation
Carrickmacross is a town in County Monaghan, Ireland. The town and environs had a population of 5,032 according to the 2016 census, making it the second-largest town in the county. Carrickmacross is located c.23km west of Dundalk and 18km south of Castleblaney. Dublin is located c. 90km south of Carrickmacross.

Location
The subject site is located fronting Castleblaney Road, to the north of Carrickmacross town centre. It benefits from its proximity to the town centre (1.2km) and the N2 road network (0.25km). The site is ideally suited to provide access to the local amenities, bus routes and the main road network. The proposed development will service the care needs of the local towns and villages within Co. Monaghan.

nursing home for sale 2020 monaghan carrickmacross

The Property
The proposed nursing home will provide 90 single en-suite bedrooms over three floors as follows:

  • Lower Ground 27 beds 1,795 sq.m
  • Ground 34 beds 1,771 sq.m
  • First 29 beds 1,661 sq.m
  • Total 90 beds 5,227 sq.m

The proposed bedrooms will range in size from 16.6 sq.m – 20.1 sq.m with full wet room provision.

Planning
The proposed development was granted Full Planning Consent by Monaghan County Council on the 14th March 2019 under reference: 18-364

Site Area
The proposed care home occupies a very prominent site of c. 3.51 acres (1.42 hectares).

nursing home for sale 2020 monaghan carrickmacross

Existing Provision & Fair Deal Rates
At present, there are 5 no. Voluntary/Private nursing homes in Co.Monaghan, with only 1 home located in Carrickmacross. The current Fee rates in Co. Monaghan vary from €940 to €1,010 per week. The highest fee achieved is at Castleross Nursing Home, Carrickmacross. Castleross is situated in a rural location approximately 6.0km north of Carrickmacross town centre.

Pricing
* Price On Application
VAT – Any VAT arising as part of the transaction will be the responsibility of the purchaser. Purchasers are requested to make their offers exclusive of VAT.
STAMP DUTY – This will be the responsibility of the purchaser.
BER Rating – Not applicable.
Site Viewing – Strictly by appointment only, with the Vendors Agent, O’Kane Commercial.

For further information or to view please contact:

Mark O’Kane
+44 7834 084 189 or
mark@okanecommercial.co.uk

priory care homes northern ireland sold, subject to contract

Priory Care Home Investment Portfolio NI

Care home portfolio for sale Northern Ireland .

3 Care Homes Leased to Priory Group for sale. Including Apple Mews, Armagh and Edenmore, Jordanstown. Offers invited in the region of £14,366,000

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Opportunity to acquire 3 purpose built Care Homes, leased with Priory Group as Guarantor for 25-30 years. Can be acquired together or separately. We are seeking offers in excess of £14,366,000 (net of 6.8% purchasers costs), subject to contract, for the freehold interest of the three properties, exclusive of VAT. This offer reflects a net initial yield of 6.7%.

Features of these properties

Apple Mews 1

  • Apple Mews is located within a residential culde-sac off Cathedral Road, which is only 600 metres into the centre of Armagh.
  • Comprise 5 x 6 bedroom bungalows (modern purpose built)30 beds
  • Term: 30 years from 29th October 2012 (c25 years unexpired)
  • Current rent -£223,000 per annum (£7,433 per bed per annum). Based on latest accounts, this provides c3.21X rent cover.
  • Priced individually at £3,314,000 (reflecting a NIY of 6.3%)
  • Guarantor: Priory Investments Holdings Limited, Tenant: Priory (Watton) Limited

 

Apple Mews 2

  • The Apple Mews 2 development is to be an extension to Apple Mews 1.
  • The development will comprise 2 x 6 bedroom bungalows and 2 x 11 bed units; a total of 34 beds
  • Works are due to complete on Apple Mews 2 in Q1 2018,
  • Starting Rent: £391,000 p.a. (£11,500 per bed per annum)Rent Forecast 2020: £410,794 (after 2 rent reviews) –2.26X rent cover*
  • Priced individually at £5,230,000 (reflecting a NIY of 7%)
  • Guarantor: Priory Group No. 3 Limited, Tenant: Parkcare Homes (No. 2) Limited

 

Edenmore Jordanstown

  • Edenmore is located on the coast off the M5 within Newtownabbey which is a is large settlement, approximately 8 miles north of Belfast in County Antrim
  • Newly built 36 bed unit which opened fully in February 2017. Comprises 2 parts –Loughshore& Shaftsbury
  • Loughshore is a specialist autism service for people aged 18 years and over with a learning disability, who may at times present behaviours that challenge.
  • Current rent: £414,000 p.a. (£11,500 per bed per annum) = 3.52X rent cover*
  • Priced individually at £5,829,000 (reflecting a NIY of 6.65%)
  • Guarantor: Priory Group No. 3 Limited, Tenant: Parkcare Homes (No. 2) Limited

 

Priory care homes for sale Armagh
Priory care homes for sale Newtownabbey
Priory care homes for sale siteplan Newtownabbey

 

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Property Description

Apple Mews
Situated in cathedral road, Armagh we are conveniently located near local amenities including cinemas, cafes & swimming pools. The bungalows in Apple mews is specifically designed to create a homely experience for the residents to help reduce stress, while being able to maintain the physical complex needs of a care home such as overhead hoists in the bedrooms. Apple mews 2 is to be an extension of Apple mews 1 but is held under a separate lease agreement. The site is going to be within the existing Apple mews scheme and it will share an access with Apple mews 1. The overall site for Apple mews 1 & 2 extends to 3.8 acres

 

Edenmore
Situated on the coast off the M5 with Newtownabbey which is approximately 8 miles north of Belfast. It is a largely residential area comprised of 2 parts Loughshore & Shaftsbury, Loughshore is a specialist autism service for people aged over 18 with learning disabilities who may at times present behaviours that challenge. All the bedrooms are an en-suite with a secure garden fully accessible for residents. The 3 separate bungalows are called Shaftsbury with 3×6 bedrooms.

 

ACCOMMODATION & LOCATION 
Apple Mews 1
Address: Apple mews 1, 95 Cathedral Road, Armagh, Co. Armagh, BT61 8AB
Rooms: Apple mews consists of 5×6 bedrooms bungalows, It has a total of 30 rooms.
Apple Mews 2
Address: Apple mews 2, 95 Cathedral Road, Armagh, Co. Armagh, BT61 8AB
Rooms: The development will consist of 2×6 bungalows with 2 x 11 bed units, It has a total of 34 rooms.
Edenmore Jordanstown
Address: Edenmore Jordanstown, 646 Shore Road, Newtownabbey, BT37 0PR
Rooms: Edenmore consists of 3×6 bungalows with 1×18 bed units, It has a total of 36 rooms.

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