INDEPENDENT HOUSE. Mixed Use City Centre Investment Opportunity

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1 INDEPENDENT HOUSE TALBOT STREET, JAMES JOYCE STREET & FOLEY STREET B R E T T C O U R T DUBLIN 1, IRELAND KEY INVESTMENT HIGHLIGHTS 02 Mixed Use City Centre Investment Opportunity LOCATION & TRANSPORT 04 The property occupies a prominent corner site with extensive frontage to high-footfall streets FOR SALE BY PRIVATE TREATY THE PROPERTY 08 FLOOR PLANS 14 ACCOMMODATION SCHEDULE 22 See inside for details T E N A N T S N O T A F F E C T E D

2 KEY INVESTMENT HIGHLIGHTS OPPORTUNITY TO ACQUIRE A MIXED USE INVESTMENT PROPERTY IN THE HEART OF THE CITY CENTRE 100% 90% COMMERCIAL SPACE OCCUPIED RESIDENTIAL OCCUPIED APPROX. 5, SQ M (61,282 SQ FT) Headquarter building which comprises a 6 storey over basement mixed-use property with 26 car spaces 1,479,052 Current income p.a. Let to two excellent tenants; Independent News Media & Kanes Supermarket (t/a SuperValu) 8 YEARS WAULT Long income opportunity Located in close proximity to Dublin s transport hubs at Connolly Station, Busaras & Luas Red Line and Cross City 2 3

3 LOCATION & TRANSPORT In the heart of Dublin North City Centre The subject property occupies a highprofile and prominent corner site with extensive frontages on to Talbot Street, James Joyce Street and Foley Street in the heart of Dublin s north city centre. CONNOLLY STATION IFSC RED LUAS BUSÁRAS DART LUAS CROSS CITY Talbot Street is a busy vehicular and pedestrian thoroughfare connecting Amiens Street with North Earl Street, O Connell Street and Henry Street. The street is predominantly commercial in nature with a mix of retail, office and restaurant uses. Neighbouring occupiers include Irish Water, Irish Life Centre & Wells Fargo. The property enjoys unparalleled transportation links with Luas Red Line stops, DART and mainline rail stations and numerous Dublin Bus routes located in the immediate area. Connolly Station and Busaras bus terminus are adjacent, while the Luas Cross City project, which is due to be operational by the end of 2017 will further enhance the area, with new stops at Marlborough Street and O Connell Street Lower. The renowned International Financial Services Centre (IFSC) office district, is situated approx. 200 metres east of the property. The prime retail destinations of O Connell & Henry Street are 550 metres west of the property. 4 5

4 W N E Connolly DUBLIN TUNNEL eld Four Courts S C A P E L S T P A R N E L L S T Jervis O Connell Upper O ' C O N N E L L S T H E N R Y S T T A L B O T S T J E R V I S S T A B B E Y S T O Connell GPO Westmoreland Marlborough Trinity Abbey Street Tara Street Busáras THE CUSTOM HOUSE Connolly George's Dock Mayor Square IFSC SAMUEL BECKETT BRIDGE C I T Y Q U A Y Docklands S H E R I F F S T R E E T U P P E R CONVENTION CENTRE Spencer Dock P O I N T V I L L A G E R I V E R L I F F E Y The Point 3 ARENA T E M P L E B A R S I R J O H N R O G E R S O N ' S Q U A Y CHRIST CHURCH CATHEDRAL P A T R I C K S T D A M E S T DUBLIN CASTLE G E S E O R G T W I L L I A M S T G R A F T O N S T Dawson TRINITY COLLEGE K I L D A R E S T MERRION SQUARE Pearse P E A R S E S T G R A N D C A N A L D O C K R I N G S E N D R D Easy access Grand Canal Dock R H E Y T E S B U R Y St.Stephen's Green ST STEPHEN'S GREEN M E R R I O N S Q M O U N T S T L O W E R LUAS RED LINE LUAS GREEN LINE LUAS CROSS CITY On your doorstep 15 minute walk 2 min walk (O Connell Street) DART & IRISH RAIL B A T H A V E 54 minute walk 6 H E Y T E S B U R Y S T Harcourt IVEAGH GARDENS THE NATIONAL CONCERT HALL FITZWILLIAM SQUARE F I T Z W I L L I A M P L M E S P I L R D GRAND CANAL H A D D I N G T O N R D P E M B R O K E R D N O R T H U M B E R L A N D R D DUBLIN BUS INTERCITY/ REGIONAL BUS DUBLIN BIKES DUBLIN TAXI SWIFTWAY AIRCOACH / AIRLINK PORT TUNNEL CAR IRISH PARK LIFE MALL CAR PARK S H E L B O U R N E R D On your doorstep 4 minute walk (Busáras) Aras) 2 minute walk (Talbot Street) On your doorstep AVIVA STADIUM 2 min walk (O Connell Street) 2 min walk (O Connell Street) 89 min Lansdowne drive (3km) Road 2 On min sitewalk 7 T R I

5 THE PROPERTY THE PROPERTY COMPRISES A SIX STOREY OVER BASEMENT CORNER SITE MIXED USE PROPERTY WHICH CONSISTS OF OFFICE, RETAIL AND RESIDENTIAL USE, LOCATED ON A CORNER SITE INDEPENDENT HOUSE INDEPENDENT HOUSE is a mixed-use property compromising of office & retail which fronts onto Talbot Street & James Joyce Street and extends to a net internal area of approx. 5, sq m (55,151 sq ft). The property has a glazed finish on the corner of the property which allows natural light into the atrium which contains the reception of Independent News Media. The ground floor is fitted with polished stone and there is a red brick façade to the upper floors. Internally the office element of the property is open plan with raised access floors and suspended ceiling. Each floor is fitted out with a tea station or canteen for staff along with WC facilities and a shower. There is a wraparound balcony on the fifth floor and there is also access to a balcony on the fourth floor. The retail unit is fitted out to a high standard by the tenant and has been recently refurbished to include café to the front of the property. O F F I C E S P E C I F I C A T O N Raised access floors Suspended ceilings 3x Schindler 10 person lifts Comms room with fire suppression system Cat 2 recessed lighting Mechanical air con (VRF) Cat 5 cabling Ground floor corner retail unit fronting onto Talbot Street & James Joyce Street is held under separate ownership 8 9

6 BRETT COURT BRETT COURT is a residential scheme which fronts onto Foley Street and comprises of 11 apartments extending to an overall area of approx sq m (6,131 sq ft). The penthouse No. 11 is held in separate ownership, the remaining 10 apartments are included in the sale. Externally the property comprises of polished stone on the ground floor and red brick façade on the first floor onwards. Internally the units are fitted out with wood flooring in the halls and kitchen with carpet in the bedrooms. The properties are gas heated and one of the bedrooms benefits from access to a balcony. Each floor plate contains one x 1 bed & one x 2 bed. S P E C I F I C A T I O N Common area refurbished in person double sided Schindler lift Gas heating Each floor contains one 1 bed & one 2 bed apartment 10 11

7 A breath-taking rooftop view of Dublin s skyline 12 13

8 Independent House Floor Plans Canteen Office Foley Street Apartment Entrance Sub-Station Area Storage Area Refridgeration Stroage Area Server Room (no access) Staff Staff Customer Canteen Flat Roof Lifts Lifts Storage Training Room 3rd Party Owned Premises INM Office Entrance Coffee Shop GROUND FLOOR FIRST FLOOR For Identification Purposes Only (Not to Scale) 14 15

9 Studio Lifts Storage Studio Control Room Lifts Storage Canteen SECOND FLOOR THIRD FLOOR 16 17

10 Board Room Server Room Lifts Storage Lifts Storage Canteen FOURTH FLOOR FIFTH FLOOR 18 19

11 Brett Court Floor Plans Bedroom 1 Kitchen / Living Room Bedroom 1 Kitchen / Living Room Lift APARTMENT 2 Lift APARTMENT 4 Service Shaft Ensuite Service Shaft Ensuite Common Area Common Area Hallway Hallway Bathroom Bathroom Bathroom Bathroom Kitchen / Living Room Kitchen / Living Room APARTMENT 1 Bedroom 1 Bedroom 2 APARTMENT 3 Bedroom 1 Bedroom 2 FIRST FLOOR SECOND FLOOR The 3rd, 4th & 5th floor plates are similar

12 Accommodation Schedule Occupiers INDEPENDENT HOUSE The approximate areas set out below are measured net internal as per the the measurement survey carried out by ORS. DESCRIPTION TENANT NAME LEASE START YEARS Part GF and Entire 1st-5th Floors Part Ground Floor & Basement Car Spaces Independent Newspapers (Ireland) Ltd Kanes Supermarket (Talbot Street) Limited EXPIRY OR BREAKDATE/ YRS. TO RR CYCLE NEXT RENT REVIEW/ YRS. TO 27-Sep Sep-24 5 UORR 27-Sep-19 Basement Ground First Second Third Fourth Fifth Total AREA SIZE SQ M SIZE SQ FT CARS ,409 9,977 9,977 9,803 8,122 5,438 45,501 CURRENT RENT PA 20 1,044, Dec Dec-29 5 UORR 15-Dec-19 Ground , ,000 Various 31-Mar Mar-18 Basement 6 7,200 INDEPENDENT NEWS MEDIA INM is the leading newspaper and online publisher on the island of Ireland, is vertically integrated with print and distribution assets, and is the largest wholesale distributor of newspapers and magazines on the island. The Company is headquartered in Dublin, Ireland and its shares are quoted on the Irish and London Stock Exchanges. As per the half year financial results ending 30th June 2017 INM has accumulated profits before tax of 14.9m, net assets of 80.1m, cash of 95.7m & total revenue of 148.1m. THE KANE/MCCARTNEY GROUP Kane & McCartney Group are a retailing entity which have 5 SuperValu stores under their control and which operate throughout Dublin. SuperValu is currently Ireland s most popular supermarket with a market share of 22.1%.* TOTAL 1,326,652 *Figures sourced from Kantar Worldpanel. BRETT COURT The approximate areas set out below are measured gross internal as per the the measurement survey carried out by ORS. FLOOR NUMBER TYPE NEW LEASE AREA SQ M AREA SQ FT GROSS RENT 1st Apartment 1 1 bed 02/12/ ,400 1st Apartment 2 2 bed TBC ,000 2nd Apartment 3 1 bed 13/04/ ,400 2nd Apartment 4 2 bed 01/06/ ,750 3rd Apartment 5 1 bed 11/04/ ,400 3rd Apartment 6 2 bed 01/05/ ,600 OCCUPIERS IN THE AREA Office: Irish Water Danske Bank RDJ KPMG Wells Fargo JP Morgan Zurich Susquehanna Deutsche Bank Retail: Spar Paddy Power Iceland Chopped The North Star Hotel 4th Apartment 7 1 bed 29/03/ ,200 4th Apartment 8 2 bed 04/05/ ,750 5th Apartment 9 1 bed 01/03/ ,200 5th Apartment 10 2 bed Held vacant for viewings TOTAL PER MONTH 12,700 TOTAL PER ANNUM 152,400 TOTAL AREA ,

13 SOLICITOR PHILIP LEE John O Donoghue T: E: jodonoghue@philiplee.ie SOLE AGENTS CBRE Willie Norse T: E: willie.norse@cbre.com Stephen Aherne T: E: stephen.aherne@cbre.com BER No kWh/m2/yr kWh/m2/yr 2.34 ZONING The property is located in an area zoned Z5 City Centre To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity. TITLE We understand that the property is held freehold. Ken Tyrrell & Declan McDonald, Receiver VIEWING Strictly by appointment with the sole selling agents.