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Nursing Home

Investment (1)
From €5,490,000 per m²
Size from 9,307m² to 9,307m²

Nursing Home Investment

Accomplished building & Public Works Contractors - solid track record with construction including: Primary Care Centres, Schools, Public Buildings etc.

Summary:
● A new Greenfield purpose built ultra-modern 60 bed Nursing Home together with 7 single Independent Living Units to be constructed on the outskirts of the town of Knock Co Mayo.
● Facility is being offered to turnkey completion without loose fittings and furniture.
● The preference is for a pre-sale under dual site & build contracts.
● A lease arrangement to a competent proven operator at an appropriate rent will also be considered.
● A contract before commencement will allow purchaser/lease to have input into internal finishing & fit out.
● Construction will commence following grant of revised planning application expected early Q2 2017.

Project:
● Development comprising 54 bedrooms (48 x 1 bed & 6 x 2 bed) 60 bed space Nursing Home at Knock, Co Mayo.
● Also, included will be 7 Independent Living Units (ILUs) single storey 1 bed units (9 in total with 2 to be retained by developer for own use).
● All rooms are en-suite with 6 additional assisted bath/shower rooms.
● Nursing Home extends to 3191 sq.m (33850 sq.ft) inclusive of recreation area 277 sq.m (2982 sq.ft) over 2 floors with ILUs an additional 393 sq.m (4230 sq.ft) that is 43.6 sq.m (470 sq.ft) each.
● Site extends to 0.9374 hectares (2.3 acres) with ample car parking & landscape garden areas.
● Design is in full compliance with all current HIQA regulations & Standards.

Two Investment Options:
● Option 1: Pre-sale under dual site & build contracts €5,790,000.00

● Option 2: To lease for max of 20 years at annual rental of €295,000.00 with rent review every 5 years.

 
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