MIXED USE INVESTMENT OPPORTUNITY AT CITY QUARTER FOR SALE BY PRIVATE TREATY (TENANTS NOT AFFECTED) LAPPS QUAY, CORK

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1 MIXED USE INVESTMENT OPPORTUNITY AT CITY QUARTER FOR SALE BY PRIVATE TREATY (TENANTS NOT AFFECTED) LAPPS QUAY, CORK

2 CITY QUARTER MIXED USE INVESTMENT Contracted Rent Roll 654,700 PER ANNUM Tenant line-up includes Brookfield, Club Brasserie and Café Gusto The retail element of the property extends to a net internal area of 1, SQ.M. (14,151 SQ.FT.) with the upper floor office space extending to 3,591 SQ.M. (38,658 SQ.FT.)(IPMS3) Rent Receiveable 542,200 PER ANNUM Estimated Rental Value upon full occupancy 1,330,000 per annum Extensive Asset Management opportunities with 64% of vacant accommodation C.229 CAR PARKING SPACES

3 LOCATION THE CAPITOL OPERA LANE SLIGO N15 N16 DERRY A6 N54 M2 BELFAST SOUTH MALL PATRICK STREET MERCHANT'S QUAY N17 M4 N55 M1 CITY QUARTER GALWAY M6 DUBLIN CLARION HOTEL M18 LIMERICK N21 TRALEE N20 N22 M7 M8 N25 M9 WATERFORD CORK CITY HALL ONE ALBERT QUAY PORT OF CORK CORK CITY CORK KENT TRAIN STATION THE ELYSIAN THE CITY QUARTER DEVELOPMENT IS LOCATED ON LAPPS QUAY IN THE HEART OF CORK CITY S CENTRAL BUSINESS DISTRICT. City Quarter is a highly desirable and much sought after business location with nearby occupiers including Bord Gais, EY, Port of Cork Head Office, Deloitte, KBC Bank, Morgan McKinley / La Crème Recruitment, GJ Moloney Solicitors, and City Hall. On the opposite side of the River Lee is One Albert Quay a new 170,000 sq.ft office development which has attracted tenants such as Johnson Controls, PWC, Arups, Investec Bank and Starbucks. Cork is the Republic of Ireland s second largest city located on the south coast with a county population of over half a million people. Cork is recognised as the commercial centre for the south with a number of multinationals choosing to locate here, including; Dell EMC2, Amazon, Apple, GlaxoSmithKline, Johnson & Johnson, Novartis, Pepsi and Lilly. Cork City tourist attractions include the famous English Market, Cork Opera House, Shandon Bells, Blackrock Castle Observatory, Cork City Gaol and the Crawford Art Gallery. Cork plays host to a number of internationally recognised events including the Cork Guinness Jazz Festival, the Cork Film Festival, Cork Week - the world renowned sailing event and Live at the Marquee - an annual music festival which takes place over the summer months. Cork is highly accessible to Dublin by motorway - approximately 2 hours 30 mins and there is an hourly train service and frequent bus services. Cork has a modern international Airport which catered for over 2 million travellers in 2015, mainly from UK and European destinations.

4 DESCRIPTION THIS IMPOSING BLOCK FACING The development forms part of the mixed THE RIVER LEE COMPRISES use City Quarter scheme which includes offices, retail, the four star 191 bedroomed A FIVE STOREY MIXED USE Clarion Hotel and is accessed by a feature COMMERCIAL DEVELOPMENT entrance foyer reception with three lifts to OVER A DOUBLE BASEMENT CAR all floors including the basement car park. PARK. THE DEVELOPMENT HAS There are dramatic city and River Lee views RETAIL USES ON THE GROUND from all floors. FLOOR WITH OFFICES ON THE UPPER FLOORS ACCESSED VIA A The upper floors office accommodation is LARGE FOYER OPENING ONTO laid out in a mix of open plan office areas with a number of feature boardrooms, LIFT BANKS AND STAIRS TO THE private offices and break-out areas. The UPPER FLOORS. office accommodation includes raised access floors with a carpet finish, suspended ceilings, air conditioning and recessed lighting. Each floor has extensive self-contained toilet facilities located in the central service core. The ground floor retail accommodation includes The Boardwalk Bar and Grill which has ceased trading, Club Brasserie restaurant and the former Irish Examiner retail/offices. The basement includes a total of 280 car parking spaces, of which 229 are included in the sale. The sale includes a 7 day licence on the former Boardwalk unit. Retail 1,876 sq.m. (NIA) Offices 3, sq.m. (IPMS3) Basement Car Park 229 Spaces TENANCY SCHEDULE TENANT NAME ** Estimated net income DESCRIPTION TOTAL AREA (FT) TERM LEASE START EXPIRY DATE BREAK DATE CONTRACTED RENT PA Retail Space Kirview Limited Club Brasserie 2, years 01 Dec Nov ,500 VACANT "Boardwalk" 8, Café Gusto Boardwalk Kiosk B years 01 Oct Sep 30-35,000 Office Space VACANT Part Ground Floor 3, VACANT Part 1st Floor 6, VACANT 4th Floor 17, Brookfield 5th Floor 14, years 01 Jan Dec Jan ,000 Car Parking E&Y years 12 Jan Nov Jan 16 27,000 Cambell & Cooke years 10 Jan Sep Jan 20 5,200 Brookfield years 01 Jan Dec Jan 20 10,000 Kirview Limited years 01 Dec Nov Car Park Income ** ,000 52, ,700

5 FURTHER INFORMATION SELLING AGENTS Viewings All viewings are strictly by appointment through the sole selling agent. BER Details TBC Tenure We understand the property is held Long Leasehold. Further Information Interested parties may be given access to a data room upon signing of a Non-Disclosure Agreement. The data room contains additional information, including floor plans, site maps, lease documentation, BER Report and other relevant property details. Solicitor Ronan Daly Jermyn 2 Park Place, City Gate Park, Mahon, Cork Thomas Fox +353 (0) thomas.fox@rdj.ie Savills Cork 11 South Mall Cork Isobel O Regan +353 (0) isobel.oregan@savills.ie PSRA No Niall Guerin +353 (0) niall.guerin@savills.ie PSRA No Chris O Callaghan +353 (0) chris.ocallaghan@savills.ie PSRA No Kevin McMahon +353 (0) kevin.mcmahon@savills.ie PSRA No DISCLAIMER: Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction.