SOUTH DUBLIN SUBURBAN OFFICE INVESTMENT HERON HOUSE SANDYFORD

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Griffin Payne
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1 SOUTH DUBLIN SUBURBAN OFFICE INVESTMENT HERON

HERON Heron House, Corrig Road, Sandyford, Co.

Approximately 8 km south of Dublin City Centre, the area is serviced by an array of public transport including the Green Line Luas at Stillorgan and Sandyford, a QBC network and the planned Bus Rapid

The area is easily accessible by road, with Junction 14 of the M50 located less than 1 kilometre south of the property.

The property benefits from being adjacent to the Beacon Shopping Centre where Dunnes Stores along with many other retailers and cafes and restaurants are located.

2 HERON Heron House, Corrig Road, Sandyford, Co. Dublin LOCATION Heron House is located in the centre of Sandyford Industrial Estate, one of the largest employment centres within Dun Laoghaire- Rathdown County. Approximately 8 km south of Dublin City Centre, the area is serviced by an array of public transport including the Green Line Luas at Stillorgan and Sandyford, a QBC network and the planned Bus Rapid Transit Route, which will link the Luas at Sandyford to the DART at Sydney Parade. The area is easily accessible by road, with Junction 14 of the M50 located less than 1 kilometre south of the property. The M50 connects with all major national routes as well as Dublin International Airport. The N11 is also easily accessible via the Leopardstown Road. The property benefits from being adjacent to the Beacon Shopping Centre where Dunnes Stores along with many other retailers and cafes and restaurants are located. The surrounding buildings consist of a mix of residential apartment buildings, office blocks and industrial buildings, with the Beacon Hospital located 100 metres away. Nearby occupiers include Microsoft Ireland, Vodafone, Merrill Lynch and Airtricity. INVESTMENT OVERVIEW 3 Story office block extends to 18,584 sq.ft Passing rent of 231,756 per annum Potential to increase rent roll through active asset management and letting of vacant space Located just off the M50 Situated in the highly sought after Sandyford Industrial Estate Occupiers include Grafton Group plc and Computershare. From Dundrum and Goatstown From Balally and Sandyford Green Line Benildus Avenue From Dundrum and Goatstown Spruce Avenue Drummartin Link Holly Avenue Birch Avenue Maple Avenue Beacon Hotel From Exit 13 - Dundrum / Sandyford Exit Drive Blackthorn Beacon Hospital M50 P BEACON SHOPPING CENTRE M50 Northbound Blackthorn Drive Blackthorn Road HERON Corrig Road Sandyford Interchange 13 Furze Road Stillorgan Stop Ballymoss Road Carmanhall Road Three Rock Road Heather Road Blackthorn Avenue Arkle Road Fern Road Blackthorn Road One Way Sandyford Stop Arena Road One Way Burton Hall Road LEOPARDSTOWN RETAIL PARK P Burton Hall Road Leopardstown Road Bewleys Hotel From Stillorgan and Galloping Green From N11 Brewery Road From Leopardstown Hospital and South County Business Park M50 Southbound M50

DESCRIPTION The property consists of a 3 storey office block in a high

specification includes suspended ceilings, recessed fluorescent lighting,

All floors are serviced by a passenger lift and a central core staircase.

75 acre site with dual frontage to both Blackthorn Road and Corrig Road.

3 DESCRIPTION The property consists of a 3 storey office block in a high profile position on the corner of Corrig Road and Blackthorn Road. The 18,584 sq. ft. building was constructed in the late-1990 s and benefits from 50 surface car parking spaces. Internally the property features regular open plan office floor layouts and specification includes suspended ceilings, recessed fluorescent lighting, concrete flooring with carpet tiling. All floors are serviced by a passenger lift and a central core staircase. SITE The property comprises a 0.75 acre site with dual frontage to both Blackthorn Road and Corrig Road. Under the Sandyford Urban Framework Plan the site is zoned MOC - To provide for a mix of uses which complements the inner core, but with less retail and residential and more emphasis on employment and services. Within this plan a development of 5 storey height is permitted on the site with a plot ratio of 1:1.5.

their own due diligence. Grafton Group TENANCY SCHEDULE Demise Ground Floor Tenant Computershare Investor Services Ireland Ltd. Sq.M Area Sq.

4 HERON ACCOMMODATION Floor Sq.M Sq.Ft Ground Floor 652 7,020 1st Floor 610 6,565 2nd floor 464 4,999 Total 1,727 18,584 All intending purchasers are specifically advised to verify all site areas and floor measurements and undertake their own due diligence. Grafton Group TENANCY SCHEDULE Demise Ground Floor Tenant Computershare Investor Services Ireland Ltd. Sq.M Area Sq.Ft 1st Floor (Front) Vacant 432 4, st Floor (Rear) & 2nd Floor * Car Licence Cars Lease Start Lease End Break Date Rent pa 652 7, /7/ /11/18 1/12/ ,628 Grafton Group Plc , /12/ /11/18 1/12/ ,628 Computershare Investor Services Ireland Ltd. * Gross Internal Area noted in the lease as sq. m. 5 30/6/ /11/18 4,500 1,727 18, ,756 TENANT INFORMATION Grafton Group Vacant Computershare Grafton Group is predominantly a UK and Ireland based building materials group but also has new operations in Belgium and Poland. The Group is the largest DIY retailer in Ireland trading from 37 stores nationally under the Woodie s brand and also operates a kitchens business that trades from seven stores under the In- House brand. The company had a turnover of over 2 billion up to 31-Dec and a D&B Rating of 5A2 based on a tangible net worth of 416 million. Computershare is a global company employing over 15,000 people, providing services in over 20 countries to more than 16,000 clients. The company provides an extensive range of investor services; software solutions; equity compensation programs; communications services; trust, escrow and debt management services; bankruptcy and class action claims administration; mutual fund record-keeping and proxy solicitation; and back office services for utility companies and mortgage loan servicing. Computershare Investor Services (Ireland) Limited had a turnover of 10.6 million up to 30-June 2014 and a D&B Rating of 2A1 based on a tangible net worth of 5.46 million. TENURE 250 year long leasehold from BER BER No: kwh/m2 /yr

5 HERON

6 CONTACT For further information or inspection please contact: Styne House, Upper Hatch St., Dublin 2, Ireland. Jacqueline Fitzpatrick jacqueline.fitzpatrick@eu.jll.com Declan Sexton declan.sexton@eu.jll.com Emma McGahern emma.mcgahern@eu.jll.com PSRA number: The particulars and information contained in this brochure are issued by JLL on the understanding that all negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser / tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and / or correctness of the particulars and information given. None of JLL, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and / or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser / tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser / lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Brochure design by HERON

Office Investment For Sale

Office Investment For Sale Ground Floor, Paramount Court, Corrig Road, Sandyford Business Park, Dublin 18 Tenant Not Affected Investment Summary Modern ground floor office unit extending to approx. 719