8 Hanover Quay Brochure.Pdf
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INVESTMENT Modern ‘Grade A’ office building within a traditional warehouse façade extending to approx SUMMARY 3,574 SQ M // 38,471 SQ FT NIA Let to Airbnb Ireland and guaranteed Term certain of 8 HANOVER QUAY PROVIDES AN by Airbnb Inc. on a new 8 YEARS INCOME 20 YEAR LEASE from lease commencement OPPORTUNITY TO INVEST IN DUBLIN’S (Tenant not affected) MOST DESIRABLE LOCATION: Passing rent is off an initial Guaranteed reversionary investment with rent rising to €1.475 MILLION THE SOUTH DOCKS per annum €1.7 MILLION per annum at end of year 5 of the term MODERN ‘GRADE A’ OFFICE BUILDING WITHIN A TRADITIONAL WAREHOUSE FAÇADE EXTENDING TO 3,574.10 SQ M (38,471 SQ FT) NIA 8 T HE LOCATION 12 TRANSPORT LINKS 14 NEIGHBOURS 16 DESCRIPTION 20 SPECIFICATION 22 ACCOMMODATION 24 FLOOR PLANS 28 TENANCY & COVENANT 30 CONTACT THE LOCATION 8 HANOVER QUAY 8 HANOVER QUAY IS SITUATED IN A PRIME LOCATION IN DUBLIN’S SOUTH DOCKLANDS. THE PROPERTY OCCUPIES A PROMINENT WATERFRONT POSITION ON THE CORNER OF HANOVER QUAY AND BENSON STREET. THIS LOCATION BENEFITS FROM SPECTACULAR VIEWS ONTO GRAND CANAL DOCK, THE AVIVA STADIUM AND THE ENERGETIC GRAND CANAL SQUARE AREA. The Dublin Docklands has undergone The South Docks has established itself substantial redevelopment since the as the preferred high quality office turn of the century. Particular focus district for international corporate has been on the South Docks area occupiers to base their headquarters where the subject property is situated. in Ireland, some of which include The immediate vicinity is a new Facebook, Google, HSBC, Accenture, urban quarter comprising modern State Street, BNY Mellon. There are office blocks, high quality residential also a number of the larger law firms developments, retail units, hotels, bars such as Beauchamps, Matheson, and restaurants. In addition this is McCann FitzGerald and Mason Hayes now one of the city’s primary cultural and Curran clustered in the area. and entertainment areas with the Bord Gais Energy Theatre, The Convention Centre Dublin, Aviva Stadium and 3Arena all close by. 8 ONE OF THE CITY’S PRIMARY CULTURAL AND ENTERTAINMENT AREAS Parnell CONNOLLY STATION R O Y A L GARDINER STREET LOWER Seville Place TRANSPORT Dominic Sheriff Street Lower C A MARLBOROUGH ST N HarbourMaster Place A L O’Connel 3 Upper LINKS CONNOLLY 5 DOCKLANDS East Road PARNELL STREET 9 STATION BUSARAS Sherriff Street O’CONNELL ST Marlborough 2 Mayor St Lower This location has access to excellent transportation links BUSARAS SPENCER 1 Mayor St Upper DOCK including the DART Commuter rail service, numerous Bus 4 Jervis Street Services and the LUAS red line tram situated in the IFSC. The O’Connel ABBEY IFSC MAYOR SQUARE Capel Street GPO STREET CONVENTION area has excellent road infrastructure with the Samuel Beckett CUSTOM HOUSE QUAY CENTRE DUBLIN POINT VILLAGE EDEN QUAY DUBLIN BIKES Bridge providing speedy access to the North Docks, IFSC and NORTH WALL QUAY DUBLIN Castleforbes Road JERVIS STREET RIVER LIFFEY EAST WALL ROAD PORT further north to Dublin Airport which is 20 minutes away. GEORGES QUAY TARA GEORGES QUAY SAMUEL DUBLIN BIKES 3 ARENA FOUR COURTS STREET BECKETT BACHELORS WALK D’OLIER STREET 6 BRIDGE The city centre and main retail thoroughfares of Henry Street CITY QUAY ASTON QUAY TARA STREET and Grafton Street are within walking distance. There is also Westmoreland MOSS STREET Townesend Street a Dublin Bike station adjoining the property on Benson Street Trinity SIR JOHN ROGERSONS QUAY Fleet Street Lazer Lane SANDWITH STREETCreighton LOWER Street PEARSE STREET Lime Street with others stations close by. WESTMORELAND ST Parliament St TEMPLE BAR HANOVER STREET EAST Cardiff Lane Horse Fair Lombard Street East MISERY HILL Forbes Street Benson St Green St East Asgard Road YORK ROAD DAME STREET HANOVER QUAY DISTANCE TO TRINITY COLLEGE Erne St Lower GRAND CANAL DOCK TRANSPORT LINKS Exchequer Street SANDWITH ST UPPER DUBLIN PEARSE PEARSE STREET BIKES STREET NASSAU STREET GEORGES STREET 1 Spencer Dock Luas Stop 12 mins 7 PLACE RINGSEND ROAD Dawson LINCOLN Erne St Upper FENIAN STREET 2 Mayor Square Luas Stop 11 mins BRIDGE ROAD GRAND CANAL QUAY GRAFTON STREET Molesworth S Dock Street 3 Docklands Train Station 15 mins Street Macken Street RIVER DODDER DAWSON STREET Gordon Street 4 Pearse Street DART Station 10 mins Holles St Barrow Street PATRICK STREET MERRION Kildare Street FENIAN STREET SQUARE 5 Tara Street DART Station 15 mins Merrion Street Upper MOUNT STREETGrattan Street LOWER STEPHEN’S GREEN S Lotts Road GRAND 6 Grand Canal Dock DART 9 mins CANAL Fitzwilliam Lane DOCK BAGGOT STREET LOWER ST Love Lane 7 Busáras 17 mins KEVIN STREET STEPHEN’S GREEN Mount Street Upper CUFFE STREET 8 Connolly Station 17 mins BATH AVENUE 9 Luas Cross City Trinity Stop 16 mins BAGGOT STREET LOWER AVIVA STADIUM NORTHUMBERLAND RD (by foot from Hanover Quay) Fitzwilliam Street Upper LEESON STREET Percy Place Herbert Place HARCOURT ST THE Pembroke Street Lower CANAL NATIONAL HADDINGTON ROAD CONCERT HALL GRAND LANDSDOWNE 12 Fitzwilliam Place ROAD Wilton Terrace MESPIL ROAD South Circular Road NEIGHBOURS This unique building which was designed by the The main entrance to the building fronts directly DESCRIPTION renowned RKD Architects and built by Bennett onto Hanover Quay. Once beyond the traditional Construction is due for completion in February appearance of the retained and refurbished stone 2016. 8 Hanover Quay will be unlike any other façade you are led into a modern open plan office building in the immediate area providing a office layout centred around a light filled atrium WHEN COMPLETE 8 HANOVER QUAY WILL BE A MODERN corporate headquarters full of character that will running through the centre pitched roof. There is THIRD GENERATION OFFICE BUILDING BUILT WITHIN THE be finished to the highest international standards. also an enclosed courtyard garden area at ground ENVELOPE OF A WAREHOUSE FAÇADE INCORPORATING floor level which is overlooked from a balcony 8 Hanover Quay comprises a two storey at 1st floor level providing views stunning views THE HERITAGE OF THE DOCKLANDS AREA. over basement ‘Grade A’ office building with directly onto the Grand Canal Dock area. a target area of 3,574.10 sq m (38,471 sq ft) NIA and bike storage areas for 44 bicycles at basement level. 16 17 GRADE A OFFICE BUILDING 3,574.10 SQ M // 38,471 SQ FT NIA 18 19 SPECIFICATION THE SPECIFICATION OF 8 HANOVER QUAY IS TO THE HIGHEST OF STANDARDS. THE EXTERNAL FABRIC OF THE BUILDING INCORPORATES RETAINED STONE AND BRICK WALLS WHICH HAVE BEEN REPAIRED IN LINE WITH BEST CONSERVATION PRACTICE. THIS IS COMBINED WITH A MODERN DOUBLE GLAZED CURTAIN WALLING AND METAL PANEL CLADDING SYSTEM. Through the main entrance there The main office area is open plan is a glazed screen which leads into and benefits from large efficient the main reception area. On either floor plates. Internally there is RAISED FLOOR THROUGHOUT side of the screen there are separate exposed steel columns, wooden CLEAR VOID DEPTHS OF 150MM entrances which open out to an detailing on suspended ceilings external landscaped courtyard court. and metal roof lights. CEILING HEIGHTS RANGING FROM 2.7M TO 2.78M On the other side the service lift area The building has raised access contains 1 no. 1,275kg 17 person SLAB TO SLAB HEIGHTS OF 3.61 M floors throughout with clear voids simplex passenger and bike lift which depths of 150 mm, floor to ceiling provides access to the bike storage heights ranging from 2.78 to 2.7m area and male female shower/changing and slab to slab heights of 3.61m. room areas. The building’s heat supply comes from Beyond the main reception area there natural gas fired boilers with cooling is a small number of steps which lead supply from VRV air conditioning up to 2 main cores incorporating male/ system serving all floors. female & disabled WC, stair core and 2 no. 900kg 12 person simplex passenger lifts serving all floors. 20 ACCOMMODATION Floor Sq. M Sq. Ft Lower Ground 1,191.30 12,823 Ground 1,339.60 14,419 1st 1,043.20 11,229 Total 3,574.10 38,471 The above area is the Anticipated Net Floor Area calculated with CAD (computer aided design) technology and by reference to the approved plans. 22 23 Green St E FLOORPLANS ATRIUM ABOVE Benson Street FRONTING ONTO HANOVER QUAY LIFT LIFT LIFT Hanover Quay ONTO GREEN STREET EAST LOWER GROUND FLOOR 24 25 Green St E Green St E ATRIUM VOID Benson Street Benson Street LIFT LIFT COURTYARD COURTYARD BELOW LIFT Hanover Quay Hanover Quay GROUND FLOOR FIRST FLOOR 26 27 TENANCY An Agreement For Lease has been agreed with Airbnb Ireland to let the entire of 8 Hanover Quay on a single occupational lease upon practical completion. Increased Break Lease Break Initial Rent Rent Per Tenant Guarantor Lease Term Lease Start* Notice/ Rent Review Expiry** Option Per Annum Annum Years Penalty 5 - 10 12 months Airbnb February February Tenant Only Upwards/ Airbnb Inc. 20 years notice/ €1,475,000 €1,700,000 Ireland 2016 2036 Years 7 & 12 Downwards €1,700,000 * Lease commencement is expected to coincide with the practical completion date. Delivery for hand over is on track and is expected to be February 2016. ** Lease expiry date will be 20 years from the date of lease commencement. COVENANT INFORMATION Airbnnb is an online marketplace that allows people to list, discover and book unique accommodation around the world. Airbnb connects people with accommodation on their travel experiences at any price point. Airbnb currently has more than 1.5m active listings in 190 countries/ 34,000 cities with total guests of 40 million and rising.