SHELBOURNE PLAZA CHARLOTTE QUAY, DUBLIN 4 WWW.SHELBOURNEPLAZA.COM 1
IN THE HEART OF THE CITY S MOST DISTINCTIVE URBAN QUARTER Shelbourne Plaza presents a superb opportunity to acquire 53 apartments in one of Dublin s finest residential developments. Located close to Grand Canal Square and in the heart of the city centre, Shelbourne Plaza offers high specification, energy efficient apartments in the Silicon Docks. 2 3
OVERVIEW The property offers 53 high quality apartments located within walking distance of some of Dublin s most iconic city centre landmarks, including Grand Canal Square, Bord Gáis Energy Theatre, the Convention Centre, the 3 Arena and the Aviva Stadium. The South Docklands is the choice for some of the world s leading businesses including Google, Facebook, State Street, HSBC and Accenture. The area is also the Capital s new legal quarter, home to the majority of the city s leading law firms. It is also adjacent to the IFSC, Dublin s established financial services district. The apartments have been operated under a lease for short-term corporate lettings and there is potential to continue this use. Rents for short stay serviced apartments in the South Docks range from 850 to 1,000 per week for one bed units with two bedroom apartments achieving 1,000-1,750 per week. Alternatively, the apartments could be leased on standard residential tenancies. As the properties would be new to the residential letting market they should not be subject to the recent rent certainty measures. Quoting rents for similar two bed apartments in the southdocks are in excess of 2,000 per month. 4 5
THE APARTMENTS The sale comprises 53 high quality apartments in a block of 62 units with car parking at basement level. Shelbourne Plaza, which was developed in 2007, is finished to an excellent standard, combining state-of-the-art energy saving technology with contemporary external and internal design. Externally the building is finished in a combination of sandstone and basalt panels with double glazed windows and inset balconies. The block is entered through an attractive split level lobby, with the apartments laid out over five floors, accessed by two passenger lifts. and adjoining kitchen, a main bathroom and bedrooms. Each apartment includes generous storage space. All apartments have a balcony/terrace with the majority having floor to ceiling glazing in the living room. The units were designed to maximise energy efficiency with heating/hot water provided by a gas fired district heating system and mechanical ventilation incorporating heat recovery. The reception finishes include a natural stone tile floor, a reception desk and timber panelled feature wall. A disabled lift provides access to the lift lobby. The light-filled apartments are fully fitted including a high-gloss built-in kitchen with integrated appliances, laminate timber floors and fully tiled kitchen and bathrooms. The master bedroom in the two and three bed units is en-suite. The units provide a mix of one (6 no.), two (43 no.) and three (4 no.) bed apartments ranging from 50 88 sq.m. The majority of the units are laid out with a main living/dining area The ground floor retail element and 9 apartments in the block are in separate ownership. The building was developed as part of a larger scheme including an adjoining office building (Block C), occupied by Arup, and an apartment block to the rear (Block B). The sale includes 53 car parking spaces. The car park, which is shared with the adjoining office building, is accessed by a ramp from South Dock Road. 6 7
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THE LOCATION Shelbourne Plaza is located on Ringsend Road in the South Docks. The South Docklands has undergone substantial redevelopment and is now the city s most distinctive urban quarter comprising modern office blocks, high quality residential developments, the Bord Gáis Energy Theatre, hotels, bars, restaurants and retail. The South Docklands has quickly established itself as Dublin s preferred premium office district and is now home to an impressive list of respected international corporate occupiers including State Street, the 3 Arena, Bank of New York Mellon, HSBC, Accenture, Google, Facebook, McCann Fitzgerald, Beauchamps, Matheson, Mason, Hayes & Curran and William Fry. A key attraction of the area is the high quality public spaces and superb transport. The location has access to excellent transportation links including the DART commuter rail service at Barrow Street (Grand Canal Dock), numerous bus services and the LUAS tram line. The area has excellent road infrastructure with the Samuel Beckett Bridge providing speedy access to the North Docklands and the IFSC and a short 20-minute trip to the Dublin Airport. 10 11
HSBC Bord Gáis Energy Theatre Facebook IFSC Convention Centre PWC Central Bank of Ireland State Street Accenture Air BnB Capital Dock ARUP SHELBOURNE PLAZA 12 13
Connolly Station TRANSPORT Gardiner Street Lower Sheriff Street Lower Seville Place ROYA L C A N A L East Road PORT TUNNEL M50 ACCESS TO AIRPORT The location has access to excellent transportation links including the DART Henry Street DockLands Sherriff Street commuter rail service at Barrow Street (Grand Canal Dock), numerous bus services and the LUAS tram line. DART 10 MINS WALK TO GRAND CANAL DOCK LUAS 10 MINS WALK TO SPENCER DOCK LUAS. NEW PROPOSED FOOTBRIDGE WILL REDUCE THIS TIME EVEN FURTHER PARKING PARKING UNDER GRAND CANAL SQUARE FOR UP TO 150 CARS O Connell Street Abbey Street Westmoreland Trinity Marlborough Eden Quay LUAS Cross City Tara Street Tara Townsend St CUSTOM HOUSE Pearse Street Moss Street Busáras Custom House Quay Lombard St IFSC Georges Quay Mayor St Lower R I V E R L I F F E Y Sandwith St Creighton St City Quay Hanover St Lime St Mayor Square Samuel Beckett Bridge CONVENTION CENTRE DUBLIN Spencer Dock Sir John Rogersons Quay P Green St East Point Village Proposed New Foot Bridge Proposed New Bridge East Wall Road York Road DUBLIN PORT BUS ON THE DOORSTEP TRINITY COLLEGE Pearse Erne St Pearse Street Hanover Quay G R A N D C A N A L D O C K Shelbourne Plaza W N E DUBLIN BIKES BIKE STATION A 2 MINUTE STROLL ON HANOVER QUAY Nassau Street Dawson Macken St Ringsend Road Bridge Road S TAXI TAXI RANK A 2 MINUTE STROLL ON HANOVER QUAY DUBLIN AIRPORT 20 MINUTE DRIVE VIA THE PORT TUNNEL Dawson St Kildare St Merrion Street Upper MERRION SQUARE Holles St Fenian Street Grand Canal Dock Barrow Street S Lotts Road R I V E R D O D D E R ST STEPHEN S GREEN Baggot St Fitzwilliam Lane Fitzwilliam St Mount Street Upper Bath avenue Baggot St Lr AVIVA 14 STADIUM 15 Leeson St Herbert Place Percy Place Haddington Road
ACCOMMODATION SERVICE CHARGE HEATING SYSTEM TYPE No. OF UNITS AVERAGE SIZE (M 2 ) 1 BEDROOM 6 50 2 BEDROOM 43 70.23 3 BEDROOM 4 87.61 TOTAL 53 3,670.33 The service charge for the block for 2016 is 105,133 reflecting an average of 1,696 per unit. The charge includes block insurance, the car park service charge and an estate management charge. A sinking fund is in place with a current balance of approximately 115,500. TENURE A district heating system with centralised plant-room serves the 78 apartments in Block A and Block B. The heating system consists of two 440 kw boilers and two 5.5 kw Dachs micro CHP units. The CHP units were sized to cover the base heat load of the system and are coupled to a large buffer tank to store heat in times of low heating load. The electrical output of the CHP units is used to reduce the landlord electrical loads. BER 1 BEDROOM 2 BEDROOM 3 BEDROOM The property is held under a long lease. BER certification available upon request. FEATURES AND SPECIFICATION Attractive city centre apartment block in the heart of Silicon Docks. Light-filled living spaces enhanced by floor to ceiling glazing. High quality fitted kitchens with integrated appliances and worktops. Stylish bathrooms with floor to ceiling tiling. Internal landscaped courtyard with seating areas. High energy rating with energy efficient gas fired central heating system. Low running costs. One secure basement car space per unit. 16 17
CONTACT & FURTHER INFORMATION 20-21 Upper Pembroke St, Dublin 2 Tel: +353 1 634 2466 Website: knightfrank.ie LRN: 001266 SELLING AGENTS Adrian Trueick Adrian.trueick@ie.knightfrank.com Ross Fogarty ross.fogarty@ie.knightfrank.com SOLICITOR Orpen Franks Solicitors 28/30 Burlington Road, Dublin 4 Contact: Peter Walsh Peter.Walsh@orpenfranks.ie CONDITIONS TO BE NOTED These particulars are issued by HT Meagher O Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property. All maps reproduced by permission of the Ordnance Survey Ireland - Licence Number AU0044104. 18 19
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