Excellent Opportunity To Acquire A Partly Completed Nursing Home in Co. Meath

Raspberry Wood Nursing Home, Ballivor, Co Meath

Dublin, 24th June 2016 – CBRE are delighted to have been instructed to bring the Raspberry Wood Nursing Home in Ballivor Co. Meath to the market for sale by Private Treaty.

The nursing home has direct pedestrian access to the adjoining ‘Old School House’ Tea Rooms and is conveniently located beside the Health Centre and the Community Centre & Library on the Mullingar Road (R156) to the south west of Ballivor Main Street.

The town of Ballivor has a population of 2,000 and is conveniently located within 30km driving distance from the towns of Mullingar, Kinnegad, Navan, Kilcock and Trim.

The property extends to approximately 0.45 hectares (2.26 acres) and includes the original school house building which has been carefully refurbished to a very high standard to maintain most of the original architectural design and unique school house features to include feature Georgian windows, hardwood flooring, high ceilings, cast iron downpipes etc.

The original school house building has been extended to accommodate a 15 bed en-suite nursing home of approximately 1,100 sq.m. (11,840 sq.ft.).The property has a BER rating of B3 and has been fitted out to HIQA standards to include 15 en-suite bedrooms, accessible WC toilets and bathrooms, reception room, dining room, fitted kitchen and canteen, family room, lounge, laundry room etc.

There is full planning permission for a 41 en-suite bedroom extension around a central courtyard and the developer has already laid foundations for this development. There is potential to increase the number of beds to 88 or 118 rooms, subject to planning permission.

CBRE are quoting a sales price in excess of €1,000,000 for this property.

Robert Colleran, Director, CBRE Ireland Development Land
This is an excellent opportunity to acquire a 56 en-suite bedroom nursing home that is conveniently located in Ballivor town centre adjoining Tea Rooms, a Health Centre and Community Centre/Library. The existing nursing home building has been fitted out to a very high standard to meet all HIQA requirements and obtain a B3 BER rating, there is full planning permission for a 41 bedroom extension around a central courtyard and foundations have already been laid.
Robert Colleran, Director, CBRE Ireland Development Land

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.