Suite 5 and Suite 10 St Raphael’s House, 81-84 Dorset Street, Dublin 1

Press Release

-- Colliers International have been instructed to dispose of Suite 5 and Suite 10 St Raphael’s House, 81-84 Dorset Street, Dublin 1 --

Dublin, 18th July 2016 Colliers International is delighted to launch Suite 5 and Suite 10 St Raphael’s House, two private consultation suites occupied by The Mater Private Hospital.

 

St Raphael’s House comprises an attractive period building that has been completely refurbished to the highest standard. The property is laid out to provide a number of consultation rooms and the entire building has been sublet to The Mater Private Hospital. St Raphael’s House occupies a strategic location on Dorset Street, enjoying close proximity to The Mater Hospital, The Mater Private Hospital, Temple Street Children’s Hospital and The Rotunda Hospital.

 

Both Suites are held under a 20 year lease to the Mater Private Hospital from 2013, with a break option in year 10, i.e. June 2023. Both Suite 5 and Suite 10 are currently producing €20,714 per annum and the rent will be reviewed in 2021 in accordance with CPI.  Suite 5 is located on the ground floor of St. Raphael’s House, and Suite 10 is located on the first floor.

Colliers International has recently sold a number of Suites within the building and predict good interest in Suite 5 and Suite 10, primarily from private investors for pensions.

Colliers International is guiding €285,000 for each Suite, which equates to a Net Initial Yield of 7% after allowing for purchasers costs at 4.46%.

 

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For further information, please contact:

Michele McGarry
Director | Investment

Email:  Michele.mcgary@colliers.com   

Phone +353 1 633 3700