For Sale as By Private Treaty
Investment Opportunity | Going Concern

O'Donnellan & Joyce Auctioneers are delighted to bring to offer for sale, as a going concern, this impressive Childcare & Creche business situated in a purpose built building and located in the busy town of Loughrea, Co. Galway. The creche spans to 422.35 sq.m./4546.11 sq.ft. over two floors. The property also offers a self contained 3 bedroom apartment which offers additional income opportunities.

DESCRIPTION:
The subject property was built in 2000 and comprises of a two-storey detached building situated on a large site of c. 0.3 hectares (0.74 acres).

The property is of traditional block construction over a raft foundation and benefits from hollow core to the first floor which reduces sound transmission and increases fire resistance.

Externally, the property is finished with nap plaster and a painted façade. The property incorporates PVC double glazed windows and doors as well as several Velux windows on the hipped roof.

The ground floor accommodates part of the large creche facility. Internally the property is laid out to offer a reception area, office, several playrooms and classrooms, kitchen, dining room, changing room, sleeping rooms, staff WCs and children’s WC.

On the first floor, the property comprises of additional staff and children’s WC as well as a staff room, art room and large classroom. The is ample storage available throughout the first floor in the eaves.

Internally, the property is presented in excellent condition throughout, and it is clear that the current owners have spared no expense in creating a fun, safe and comfortable environment in which to run their business. The property benefits from oil fired central heating with underfloor heating throughout. There is an IP CCTV system throughout the building which can be monitored remotely by the administration team. As the building is currently operational as a creche, the fire safety certification meets current standards and is kept up to date. The property is serviced by public water mains and a private septic tank which is located within the site boundary. Fibre powered broadband is available at the property also.

The site comprises of a generous sized carpark to the front with space for 20+ vehicles. There are dedicated entrance and exit gateways as well as secure gated access to the rear portion of the property which offers a covered play area with WC. The large rear garden is split into several fenced play areas which have been specifically designed with children in mind offering sand pits, a raised deck area which can be utilised as an outdoor dining space and ample grassed play areas. There is also a feature wooden ship in the tarmacadamed section of play area which was a custom commission for this creche.


FIT OUT:
The property has been professionally fitted out to offer a state-of-the-art creche and childcare facility. No expense has been spared in the maintenance and upgrades of the property which is truly magnificent.

The internal fit out consists of suspended ceilings with LED lighting, durable and hygienic Marmoleum flooring and PVC double glazed windows and doors. Each room is suitable furnished with a range of high-quality children’s furniture and soft furnishings which provide a safe and fun environment. Underfloor heating runs throughout the property which removes the risks associated with radiators and gives a more comfortable feel to the property – especially to those learning to crawl and walk.

The floor plan has been carefully considered to meet current guidelines for child to minder ratios and to make full use of the space available. The property currently accommodates 75 children in its current configuration but could easily accommodate 130 children of varying age ranges. Afterschool services have also been offered from the building in the past and may be a source of additional income for the new owners should they wish to offer this service.


MEASUREMENTS:
Crèche Ground Floor: 313.95 sq.m./3379.35 sq.ft.
Crèche First Floor: 108.40 sq.m./1166.76 sq.ft.
Crèche Total Area: 422.35 sq.m./4546.11 sq.ft.
Apartment Total Area: 63.20 sq.m./680.23 sq.ft.


LOCATION:
Loughrea is a large town in County Galway, Ireland. The town lies approximately 40 kilometres east of Galway City and 30 kilometres west of Ballinasloe. The town centre is situated to the north of a range of wooded hills, the Slieve Aughty Mountains, and the ‘Lough Rea’ lake from which the town takes its name.

Loughrea is a substantial urban centre and an important commuter town for Galway City via the M6. Athlone and the Shannon/Limerick region are also within commuting distance via the M18 motorway.

The Childcare centre is located within close proximity to the Loughrea outer relief road which links the town to the M6 motorway. The property is located on the northern side of the town, within walking distance of the town centre, schools, the IDA Business Park and local amenities.


TENURE:
Freehold


BER:
BER D1
BER number – 800831141
Energy Rating – 282.81 kWh/m2/yr
CO2 Emissions – 61.94 kgCO2/m2/yr


TUSLA INFORMATION:
TUSLA Identifier: TU2015GY241
Name of Service Provider: Stapleton’s Child Care Centre
Type of Service offered: Full Day Care
Date of last inspection: 27/10/2021
Inspection report available on request.


FURTHER INFORMATION:
A video tour of the property is available on request. Key financials and further information can be obtained by contacting sales agent Aaron O’Reilly of O’Donnellan & Joyce Auctioneers.


VIEWINGS:
All viewings are strictly by appointment through the selling agents O’Donnellan & Joyce Auctioneers.