Creche sold for €32k over its guide price
By Aideen O’Flaherty
A LOCAL creche sold for €32,000 over its guide price of €220,000 at auction last month.
The Wombles Creche and Montessori on the Old Bawn Road in Tallaght was auctioned off as a creche investment, with the building currently being let to The Wombles with a lease expiry in 2021.
The property on the Old Bawn Road
The property, which has current rent reserved at €24,000 per annum, attracted 33 bids at an online Bid X1 auction last month.
The property is arranged over ground floor only to provide an end of terrace crèche facility, while internally the property comprises of a reception area, kitchen, a number of classrooms and a secure outdoor play area to the rear.
The property also benefits from a designated drop-off area for people using the creche, and the property has a total floor area extending to 145 sq. m.
The Wombles Creche and Montessori was established in 1999 and caters for children from upwards of six-months-old.