BLOCK 2B Richview Office Park Office Richview Office Investment Opportunity Investment Office For Sale by Private Treaty | Tenant Not Affected Tenant | Treaty Private Sale by For €101,582.72 per annum €101,582.72 five-yearly subject to only rent upward reviews Offers sought in excess of €1,500,000 reflecting reflecting of €1,500,000 sought in excess Offers the deduction of Yield of 6.24% after Initial a Net of 8.46% costs acquisition standard Entirely let to Remco Limited Limited Remco to let Entirely FRI lease from on a 35-year 16 January 1995 providing unexpired years 11.7 Located within Located established a well park office Remco Limited have a Dun have Limited Remco rating covenant & Bradstreet of 2A 2 with a tangible net of €2,911,014 worth 12 surface car 12 surface parking spaces Modern purpose- building built office approx. to extending 314 sq m (3,383 sq ft) Investment Summary Investment

Office Investment Opportunity BLOCK 2B Richview Office Park Constructed in the mid-1990’s, the entire Existing tenants within the park include: development consists of 14 No. detached own-door office blocks, extending to a total Microfinance Ireland Malone O’Regan Limited floor area of 11,147 sq m (120,000 sq ft). In addition, the park benefits from ample First Data Corporation Tilman Brewin Dolphin surface car parking. McDonald’s Act Venture Capital Limited Other office parks located nearby include Belfield Office Campus, Clonskeagh House PHD Media Unity Technology Solutions Office Park and Beech Hill Office Campus. BLOCK

IFSC City Centre Aviva Stadium

RDS

2B Office Investment Opportunity Clonskeagh Hospital BLOCK2B SWORDSDavid Lloyd Riverside Fitness

Paddy Power Betfair M1 UCD Campus

N2 DUNBOYNE M3 DUBLIN Richview OfficeAIRPORT Park Beech Hill Office Campus

M50

SANTRY

M1

M3 Location M50

RICHVIEW OFFICE PARK IS LOCATED and R812. In addition,BEAUMONT the area Nearby occupiers include

IN CLONSKEAGH, A POPULAR is an established residential the extensiveSWORDS UCD campus, MALAHIDE SUBURB SITUATED 6 KM SOUTH suburb and as such, benefits David Lloyd Riverview OF DUBLIN CITY CENTRE. from an excellent transport Gym, Smufit Kappa, Paddy network. The Green Power headquarters,M1 Topaz TRAIN LINE Clonskeagh, which is situated close LineN2 stops in Milltown and headquarters and SIMS Clinic. DUNBOYNE M3 N1 EXPRESS DUBLIN to the opulent suburbs of , while Dublin AIRPORT PORT PORTMARNOCK and Donnybrook, is also well Bus operate frequentTUNNEL services served by numerous key arterialDRUMCONDRA routes in the immediate area which

within Dublin including the N11, R117 include routes 11, 17 and 116. CLONTARF M50

N4 PHOENIX PARK LUCAN M1

M3 M50 DUBLIN PORT M50 DUBLIN BEAUMONT CITY CENTRE

BLANCHARDSTOWN TRAIN LINE N1 EXPRESS PORT DUBLIN TUNNEL DRUMCONDRA BAY

CLONTARF

N4 PHOENIX PARK LUAS RED LINE LUCAN BALLSBRIDGE CRUMLIN DUBLIN PORT BLOCK M50 DONNYBROOKDUBLIN CITY CENTRE

M50 DUBLIN

LUAS BAY N7 CLONSKEAGH LUAS RED LINE BALLSBRIDGE CLONDALKIN CRUMLIN DONNYBROOK

N11 N31 M50 BLACKROCK

LUAS GREEN LINE N7 CLONSKEAGH BOOTERSTOWN TALLA2BGHT RATHFARNHAM DUN LAOGHAIRE

DUNDRUM N11 N31 BLACKROCK N7 DUN LAOGHAIRE N81

SANDYFORD DUNDRUM N7 MARLEY IND. ESTATE N81 PARK MARLEY IND. ESTATE PARK N11 M50 N11 M50 GLENAGEARY N81 N81

M50 M50 The Property Block 2B is situated prominently within Richview Office Park, accessed from Clonskeagh Drive on the eastern side of Clonskeagh Road.

The property has a red brick façade and provides reception, toilet and individual offices at ground floor level. The first floor provides for a mixture of open plan office accommodation, as well as a canteen and toilets (at first floor landing).

Internal specification comprises a combination of raised access flooring, painted and plastered walls, suspended ceilings, and fluorescent lighting. Gas fired central heating is provided throughout the property.

There are 12 surface car spaces associated with the subject property.

FLOOR NIA sq.m. NIA sq.ft. Ground Floor 157.23 1,692 First Floor 157.03 1,690 TOTAL 314.26 3,383

Any intending purchaser will need to satisfy themselves as to the exact floor areas.

Tenancy Details The property is let in its entirety Malone O’Regan were established Remco Limited have a strong to Remco Limited t/a Malone in 1978 and provide a range of financial covenant, benefitting O’Regan on a 35-year lease from engineering and environmental from a Dun & Bradstreet rating 16 January 1995, producing a rent management and consultancy of 2A 2 with a net tangible of €101,580.72 per annum with 5 services with offices in Dublin, worth of €2,911,014 as of yearly upward only rent reviews. Galway, Waterford and London. 31 December 2016. Office Investment Opportunity Investment Office For Sale by Private Treaty | Tenant Not Affected Tenant | Treaty Private Sale by For

BLOCK 2B

CLIVE ROCHE CLIVE MARK FITZPATRICK MARK PRSA No. 002222-006104 PRSA No. T: +353 (0) 1 639 9202 E: [email protected] 002222-004568 PRSA No. T: +353 (0) 1 639 9338 E: [email protected] Viewings appointment only. By BER BER Number: 800632903 Proposal in excess seeking offers are We a Net reflecting of €1,500,000 the Yield of 6.24% after Initial acquisition deduction of standard of 8.46%. costs Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements and none of the statements part thereof or any or contract an offer These particulars do not constitute 1. be noted: Conditions to AGENT 164 Shelbourne Road Ballsbridge Dublin 4 T: +353 (0)1 639 9300 W: www.cushmanwakefield.ie PRSA No. 002222 PRSA No. Disclaimer: 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 or give, does not make The vendor 2. of fact. or representation on as a statement be relied to the property in the particulars contained as to to dimensions, references descriptions, All 3. property. this to respect in warranty or representation any give or make to authorised staff its or Agent(s) intending but any be correct to believed and are in good faith given are and other details use and occupation, permission for and necessary condition inspection or otherwise as but must satisfy himself/herself by of fact or representations on them as statements should not rely or tenant purchaser 5. shall prevail. of sale, the latter these particulars and the contract between inconsistency of any of each of them. 4. In the event the correctness to respectively. Tenant and and Landlord and Lessee Lessor to refer shall be deemed to requires the context where and Purchaser, Vendor The terms, The 7. arising on the transaction. VAT any shall be liable for and the purchaser/lessee (unless otherwise stated) VAT of exclusive quoted are 6. Prices made. offer the highest or any accept the right not to reserves Vendor VAT upon information Further request. Planning and Zoning in an is located The property ‘E’ which objective zoned area for provide “to is defined as and development economic in the Dun employment” County Laoghaire-Rathdown Plan 2016-2022. Development Long Leasehold title. Further title. Further Leasehold Long on request. available information Tenure