THE ALLIANCE. The Gasworks, Dublin 4. Prime Residential Investment Opportunity

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1 THE ALLIANCE The Gasworks, Dublin 4 Prime Residential Investment Opportunity

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3 THE ALLIANCE The Gasworks, Dublin 4 Prime Residential Investment Opportunity

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5 The Alliance, The Gasworks, Dublin 4 The Alliance presents an opportunity to acquire an unparalleled icon of central Dublin s landscape and architecture. The building offers 210 luxury apartments within walking distance of the famous central Dublin landmarks, including St. Stephen s Green, the Aviva Stadium at Lansdowne Road, Trinity College and the International Financial Services Centre. A prime residential location in the desirable Dublin 4, with plentiful local amenities and immediately adjacent to a dynamic business hub that has attracted companies such as Google, Facebook and Linkedin. A uniquely popular development with virtually full occupancy and a current gross income of approximately 3.25 million per annum, offering the opportunity to acquire a hugely successful, income producing asset.

6 St. Stephen s Green Grafton Street National Parliament Trinity College Central Bank of Ireland European Headquarters Grand Canal Grand Canal Dock Station The Gasworks DART Line THE ALLIANCE The Gasworks, Dublin 4 Ballsbridge Aviva Stadium Lansdowne Road Station

7 Croke Park IFSC National Convention Centre DART Line Grand Canal Theatre Hanover Quay Sir John Rogerson s Quay River Liffey The O2 Shelbourne Park River Dodder

8 the location The Gasworks is situated in the vibrant heart of Dublin city centre, close to the main central business districts and the affluent residential areas of Dublin 4. With the Aviva Stadium in the background, the development is on the doorstep of Dublin s major commercial centres including the Grand Canal Dock, the South Docks, St. Stephen s Green and the International Financial Services Centre. The Gasworks apartments offer fine views over the city centre to the west, Dublin Bay and the Island of Howth to the north east and the Dublin Mountains to the south.

9 C O N N E L L S T R E E T 36 ROUGH STREET TALBOT STREET NER STREET DA A M I E N S IFSC CE SHERRIFF STREET EAST WALL ROA T T WALK EDEN QUAY ON QY BURGH QY ST NG S D GRAFTON ST S O U T H H ST UPR R A N E COLLEGE ST D A W S O N S T TRINITY COLLEGE N O RTH MERRION ROW L A I D E R O A D P EARSE STREET NASSAU STREET E A S T LR LEESON STREET HAT CH ST EARLSFORT TC STH. FREDERICK ST MOLESWORTH ST T STEPHENS GREEN K I L D A R E S T G R A N D P A R A D E C U S T O M NORTHBROOK RD G E O R G E S Q Y TARA ST STATION T O W N S E N D S T R E E T UPR MERRION ST PEMBROKE ST LOW ER B A G G O T S T W I L T O N T E R R A C E L E E S O L E E S O N H O U S E Q U A Y N O R T H W A L L Q U A Y S OUTH FITZWILLIAM STREET UPR BAGG OT ST PEMPROKE M E S P I L R O A D H A D D I N G T O N R O A D SUSSEX RD S T PEARSE ST STATION WESTLAND ROW FENIAN ST NORTH MERRION SQUARE U P R C ITY Q UAY HAN OVE R P E A R S E UPPER MOUNT ST N R O A D B U R LINGTO M S T S T R E E T GRA N D CAN A L S T LOWER MOUNT ST WATERLOO ROAD W E L L I N G T O N R O A D R I V E R L I F F E Y SIR JOHN ROGER SON Q UAY E A ST M A C K E N S T R E E T GRAND CANAL Grand Canal Square GRAND CANAL DOCK STATION G R A N D C A N A L Q U A Y R I N G S E N D N O R T H U M B E R L A N D R D ST MARYS RD ST CLYDE ROA D South Docks THE ALLIANCE The Gasworks, Dublin 4 HAN OVER QUAY ROAD E L G I N R O A D Grand Canal Dock Google Buildings S H E A R K S O U T H L O T T S R D L B O U R N E B A T H A V E N U E L A N D S D O W N E R O A D R O A D R O A D SHELBOURNE GREYHOUND STADIUM AN IVER DODDER R M E R EAST LINK TOLL BRIDGE AVIVA STADIUM LANSDOWNE STATION I R I S H T O W N R O A D DART S E R P NEW BRIDGE AVE E N T I N E A V ALE YOR K ROAD HERBERT RO B A T H AD I T O N V I L L E R D T R

10 the gasworks The Gasworks was completed in 2005, transforming an iconic feature of the Dublin skyline into the highest standards of prime residential construction. The property offers attractive, modern living for professionals and city-dwellers, a short walk to the main attractions of central Dublin. The adjacent Grand Canal Dock development has created a vibrant new commercial centre which includes the 2,100-seat Grand Canal Theatre, commercial space attracting major global corporations, a new residential district and a thriving collection of hotels, restaurants, bars and cafés. The area has been a major beneficiary of the Industrial Development Agency s drive to make Ireland attractive to a new generation of international information technology businesses. New employers in the area include Google, Facebook, Linkedin, Zynga; in addition to businesses such as BT, Accenture, HSBC and Mason Hayes & Curran. European Headquarters Google s decision to locate their European headquarters in Dublin has brought substantial investment and employment to the area. Google now owns or occupies 4 buildings at Grand Canal Dock totaling approximately 42,000 sq metres and employing over 2,000 people.

11 DART Line BNY Mellon McCann Fitzgerald Accenture & HSBC Grand Canal Theatre Matheson Ormsby Prentice European Headquarters Facebook Mason Hayes & Curran Accenture & BT Willis Grand Canal Dock Station The Gasworks Shelbourne Park THE ALLIANCE The Gasworks, Dublin 4

12 the alliance As the Gasworks development s iconic focal point, the Alliance is a striking metal cylinder around a stunning 9-storey glass façade, set within an innovative residential design and surrounded by landscaped gardens. The Alliance provides 210 luxury private residential apartments, all generously proportioned and fitted to an extremely high standard, with plentiful car parking provided over four basement levels. Set within a spectacular open air atrium, the building provides 8 one bedroom apartments on ground level and 202 two bedroom apartments on ground and eight upper storeys.

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14 the floorplans Typical One Bed Apartment Average 768 sq ft ground floor 1 Bedroom Apartment 2 Bedroom Apartment For indicative purposes only Entrance to Basement Car Park

15 Typical Two Bed Apartment Average 840 sq ft second - eighth floor 1 Bedroom Apartment 2 Bedroom Apartment For indicative purposes only the floorplans

16 the development Specification High quality fitted kitchen units Stainless steel extractor fan Built-in ovens and dishwasher as standard Security intercom system Double glazed windows Fitted wardrobes Ensuite master bedrooms in all two bedroom units Recessed lighting in living room, kitchen and bathrooms Wired for all media services Extra TV and phone points in master bedrooms Own laundry and storage room Individually supplied and metered services Secure site surrounded by landscaped grounds Secure basement car parking for all apartments Four lifts to upper storey balconies and apartments Apartment Schedule Site Layout Level 1 Bed Apt (ave. 678 sq ft) 2 Bed Apt (ave. 840 sq ft) Eight 24 Seven 24 Six 24 Five 24 Four 24 Three 24 Two 23 One 23 Ground 8 12 Total Basement 230 car parking spaces S TATION CITY CENTRE B A R R O W S T R E E T DART LINE AVIVA STADIUM GORDON STREET The Poolbeg The Pidgeon House The Clayton The Camden The Alliance The Hibernian The William Bligh The Dickens The Lotts SOUTH LOTTS ROAD

17 investment information Tenancy The Alliance apartments are currently 97% let with over 200 short term residential tenancy agreements, typically for a fixed 12 month period. Rental levels currently range from E1,100 per month for a one bedroom apartment and between E1,250 - E1,500 per month for a two bedroom apartment. Gross rental income currently stands at E3,257,850 per annum. Tenure Title to the apartments in the The Alliance and 230 car parking spaces shall be held following disposal, under a 500 year lease commencing on 1 January Further information and plans of the demise are available upon request. Estate Management The Alliance forms part of the Gasworks Development and all relevant parts of the common areas of the development, including the common areas of the Alliance building, will in due course come under ownership of the management company, South Lotts Property Management Limited. South Lotts Property Management Limited has been efficiently managing the Gasworks Development for 6 years. VAT We understand the property is elected for VAT. Pricing On application. Viewings Viewings are strictly to be arranged through the selling agents.

18 contacts Savills Ireland 32 Molesworth Street Dublin 2 Ireland Fergus O Farrell +353 (0) fergus.ofarrell@savills.ie Mark Reynolds +353 (0) mark.reynolds@savills.ie Ben Thompson +353 (0) ben.thompson@savills.ie Savills UK Lansdowne House 57 Berkeley Square London W1J 6ER, UK Piers de Winton +44 (0) pdewinton@savills.com Solicitors Matheson Ormsby Prentice 70 Sir John Rogerson s Quay Dublin 2 Ireland Brian Doran +353 (0) brian.doran@mop.ie On the instructions of the receiver Paul McCann of Grant Thornton, City Quay, Dublin 2, Ireland. For further details please visit Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU Government of Ireland. November 2011.

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