NINETY FOUR ST. STEPHEN S GREEN

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2 ST. STEPHEN S GREEN THIS IS ONE OF THE MOST EXCITING ASSET MANAGEMENT OPPORTUNITIES, IN A TRULY PRIME DISTRICT, TO HAVE EVER BEEN OFFERED FOR SALE IN IRELAND. HIGH-STATUS TROPHY INVESTMENT - FOR SALE BY PRIVATE TREATY The most sought fter ddress in Dublin Stunning views over St. Stephen s Green Prk Four-storey over bsement office building extending to 2,067 sq. m. (22,244 sq. ft.) NIA A seprte four-storey over bsement prime residentil building The entire is currently occupied by the Irish Deprtment of Justice Exciting short term sset mngement prospects A vible top floor extension (Subject to Plnning Permission) A site which extends to pprox HA (0.247 cres) The existing tenncy is not ffected by this sle ONE

3 A PRESTIGIOUS LOCATION Trinity College IFSC Grfton Street South Docklnds Government Buildings Shelbourne Hotel St. Stephen s Green Merrion Squre Grnd Cnl Fitzwillim Squre LUAS Green nd Blue (opening in September 2017) LUAS lines situted just north of the property. BUS A qulity bus corridor locted on nerby Bggot Street. BUS QBC LUAS Cross City Stop TRAIN Perse Street DART nd trin sttion is lso within wlking distnce. DUBLIN BIKES Dublin Bikes depot situted directly opposite. LUAS Green Line Stop ST. STEPHEN S GREEN ST. STEPHEN S GREEN SHOPPING CENTRE is locted on the west corner of the squre, next to Grfton Street, Dublin s min shopping thoroughfre. HOTELS Close to numerous luxurious five str hotels. Powerscourt Centre St. Stephens Green Shopping Centre Royl College of Surgeons in Irelnd Shnhn s Resturnt O Cllghn Stephen s Green Hotel O Briens Cfé Ivegh Grdens BARS AND RESTAURANTS. The re is hive of socil ctivity with the cities best resturnts in close proximity. TWO THREE

4 YOUR NEIGHBOURS Grfton Street LUAS Green Line Stop S T. S T E P H E N S G R E E N S T. S T E P H E N S G R E E N S T. S T E P H E N S G R E E N S T. S T E P H E N S G R E E N Ivegh Grdens FO UR FIVE

5 THE OFFICE HEADQUARTERS No. 94 St. Stephen s Green is lndmrk office building with listed fçde nd modern office extension to the rer. The four-storey over bsement office building provides for bsement storge with office ccommodtion overhed. The office element comprises mix of cellulr nd open pln ccommodtion. Access to the office ccommodtion is vi two seprte entrnces t the front of the building; the min entrnce nd secondry stff entrnce. The office ccommodtion is fitted with the following specifiction: SUSPENDED CEILINGS AND FLUORESCENT RECESSED LIGHTING PLASTERED AND PAINTED WALLS CARPETED RAISED ACCESS FLOORS (IN PART) PERIMETER TRUNKING OIL FIRED CENTRAL HEATING SYSTEM AIR CONDITIONING VIA CASSETTES EACH FLOOR BENEFITS FROM ITS OWN KITCHENETTE AND TOILET ACCOMMODATION A totl of 20 cr spces re provided within cr prk t bsement level which is ccessed vi Hrcourt Street. THE RESIDENCE In ddition to the office building, there is seprtely ccessed four-storey over bsement residentil building, lso fronting St Stephen s Green. This is lso let to the current tennt, however it is not currently in use. This vluble residence will lso form prt of the subject sle. This building could be utilised s one single townhouse or lterntively seprted into three studio style prtments nd one duplex. The property is ccessed vi Stokes Plce nd benefits from views over St. Stephen s Green. SIX SEVEN

6 THE HISTORY THE FUTURE The prestige ssocited with No. 94 St. Stephen s Green dtes bck s fr s 1841, when the Centenry Church purchsed the subject site for their Irish Hedqurters. On Sundy 22nd December 1968, the church burnt down, bringing to n end its 127 yer ssocition with the Centenry Church. The site ws subsequently sold nd it is understood tht the money rised from the sle, nd fire insurnce, helped fcilitte the cquisition of the Methodist Centenry linked fcilities in Dublin tody. There re number of exciting opportunities which could be explored in the future, including the ddition of nother floor. MCA Architects hve crried out n rchitecturl design nd plnning / development pln review nd suggest n dditionl floor is pproprite for the building nd site (subject to further development nd plnning consulttion with Dublin City Council). The ddition of modern penthouse floor would hve the benefit of stunning views of St. Stephens Green. IT IS ANTICIPATED THERE COULD BE AN ADDITIONAL 56 SQ. M. (603 SQ. FT.) NIA ON THE THIRD FLOOR AND 350 SQ. M. (3,767 SQ. FT) NIA ON THE NEW FOURTH FLOOR. EIGHT NINE

7 THE OPPORTUNITY FROM A LANDLORDS PERSPECTIVE ACCOMMODATION SCHEDULE The Dublin office nd residentil lesing mrkets hve never been s well plced s they re now. The loction, the lot size nd the tenncy position mkes No. 94 St. Stephen s Green the perfect Irish rel estte opportunity for new owner. DEMISE USE AREA SQ. M. AREA SQ. FT. Lndlords of the finest buildings in the best loction commnd the highest rents Office Element (NIA) Bsement Office &Storge ,184 Ground Floor Office ,949 1st floor Office ,444 2nd floor Office ,254 3rd floor Office ,799 Totl Office 1, ,630 Residentil Element (GIA) PRIME DUBLIN OFFICE RENTS PRIME DUBLIN OFFICE YIELDS PRIME DUBLIN RESIDENTIAL RENTS PRIME DUBLIN RESIDENTIAL YIELDS Duplex (Ground & Bsement) Residentil ,016 Aprtment 1 (1st Floor) Residentil Aprtment 2 (2nd Floor) Residentil per sq. m. ( 60 per sq. ft.)* 4.25% TO 4.5% (Equivlent Yield)* 2,500 per clendr month* (typicl 2-bedroom ccommodtion) 4.25% TO 4.5% (Net Yield)* Aprtment 3 (3rd Floor) Residentil Totl Residentil ,614 Overll Totl 2, ,244 *As per Svills globl property reserch tem (June 2017) A GOVERNMENT TENANT The entire property is fully let to The Commissioners of Public Works in Irelnd under two co-terminus leses nd is currently occupied by the Irish Deprtment of Justice. DEMISE TENANT CARS LEASE START LEASE EXPIRY BREAK OPTIONS RENT REVIEWS RENT P.A. Bsement, 2nd & 3rd Floors & Residentil Annex The Commissioners of Public Works in Irelnd 20 12th June th June 2018 N/A 5 yer upwrds only 408,000 Ground Floor & 1st floor The Commissioners of Public Works in Irelnd N/A 12th June th June 2018 N/A 5 yer upwrds only 612,000 Totl 20 1,020,000 The tennt entered into deed of renuncition in 2008, contrcting out of their renewl rights for the ground nd first floors when the lese expires in TEN ELEVEN

8 DUBLIN OFFICE OCCUPATIONAL MARKET Notbly, the public sector ccounted for over 26,000 sq. m. of office lettings in 2016, 12% of the nnul totl. This is the strongest level of public sector tke-up since the recession nd reflects 11% increse in public dministrtion employee numbers since the public sector recruitment mortorium ws lifted in the 2015 Budget. The effective bsence of the Stte in recent yers mkes the resilience of the Dublin mrket between ll the more remrkble. However the re-emergence of this key occupier is mjor positive in underpinning stble demnd within the mrket. AVAILABILITY Strong net bsorption hs significntly reduced the vcnt stock in the Dublin office mrket in recent yers. The vcncy rte hs dropped from lmost 23% in Q to just over 9% t the end of Q As the quntum of vcnt spce hs fllen to pproximtely 342,773 sq. m. (3,689,576 sq. ft.) s t the end of Q1 2017, so too hs the qulity of the spce tht is vilble; much of wht is currently on offer requires significnt upgrding. The Grde A CBD vcncy rte now stnds t pproximtely 2.87%. GROSS LETTING ACTIVITY 330, , , , , ,000 50,000 0 PUBLIC ADMINISTRATION AS A PERCENTAGE OF TOTAL TAKE-UP 30,000 25,000 20,000 15,000 10, H1 H2 20 yer Averge 22, % 19, % 26, % ZONING The property is locted in n re zoned Objective Z8 to protect the existing rchitecturl nd civic design chrcter, nd to llow only for limited expnsion consistent with the conservtion objective, under the Dublin City Development Pln The property is lso situted within Conservtion re nd is listed s Protected Structure. TITLE We understnd tht the property is held Freehold. BER Exempt. SOLICITORS ST. STEPHEN S GREEN IRISH TROPHY ASSET INVESTMENT VIEWINGS All viewings re strictly by ppointment through the sole selling gent. SELLING AGENT For enquiries plese contct: Svills Irelnd 33 Molesworth Street, Dublin 2, Irelnd. RENTS Hedline rents for high qulity business spce in prime loctions hve more thn doubled since the low-wter-mrk in Q1 2012, nd the tone of rents t the top end of the mrket stood t 645 per sq. m. ( 60 per sq. ft.) per nnum in Q Svills Reserch Tem forecst prime rents to rise further over the next two yers, their model predicts rents will rech 678 per sq. m. ( 63 per sq. ft.) by Q nd 721 ( 67 per sq. ft.) by December ,000 OFFICE TAKE-UP BY SECTOR % 5% 1% 12% 0 23% 3,075 1, % 1.8% % 13% 38% l ICT l Finncil Services l l l Professionl, Technicl Services Admin. & Support Services (Public Sector) Admin. & Support Services (Privte Sector) l Industry l Rel Estte l Other 33 Sir John Rogerson s Quy, Dublin 2. LOUISE WRIGHT T louise.wright@dilloneustce.ie DESSIE KILKENNY T dessie.kilkenny@svills.ie LEONA MULLEN T leon.mullen@svills.ie MARGUERITE BOYLE T mrguerite.boyle@svills.ie Importnt Notice: Svills Commercil (Irelnd) Limited nd the Vendor/Lessor give note tht the prticulrs nd informtion contined in this brochure do not form ny prt of ny offer or contrct nd re for guidnce only. The prticulrs, descriptions, dimensions, references to condition, permissions or licences for use or occuption, ccess nd ny other detils, such s prices, rents or ny other outgoings re for guidnce only nd re subject to chnge. Mps nd plns re not to scle nd mesurements re pproximte. Whilst cre hs been tken in the preprtion of this brochure intending purchsers, Lessees or ny third prty should not rely on prticulrs nd informtion contined in this brochure s sttements of fct but must stisfy themselves s to the ccurcy of detils given to them. Neither Svills Irelnd nor ny of its employees hve ny uthority to mke or give ny representtion or wrrnty (express or implied) in reltion to the property nd neither Svills Irelnd nor ny of its employees nor the vendor or lessor shll be lible for ny loss suffered by n intending purchser/lessees or ny third prty rising from the prticulrs or informtion contined in this brochure. This brochure is issued by Svills Irelnd on the understnding tht ny negotitions relting to the property re conducted through it. PRSA No.: TWELVE THIRTEEN

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