For sale by private treaty (Tenant not Affected)

MODERN OFFICE INVESTMENT BLOCK P2, EAST POINT BUSINESS PARK, 3. Block P2, East Point Business Park, Dublin 3. n 3rd generation office block in established city centre business park. n Single letting to UPC Communications (Ireland) with parent company guarantee. n Passing Rent of €1,016,000 with an agreed reduction to €647,276 p.a as part of lease re-gear to commence December 2015. n Re-geared rent reflects approx. €12 per sq.ft. n Unexpired lease term to break of approximately 6.6 years. n Reducing vacancy rates in the business park along with improving occupier demand is likely to see an uplift in rents over the medium term. n Attractive location next to city centre and Docklands with unrivalled access to Port Tunnel, Dublin Airport the M50 and Bus/Rail network.

Location

East Point Business Campus is conveniently and centrally located The scheme was master planned and designed by Scott Tallon Walker to adjacent to Dublin’s ever expanding Docklands. deliver state of the art, cost effective, flexible and well serviced buildings. The park is set out over 40 acres, provides some 140,000 sq.m. of office To this end the Park has attracted a strong tenant mix to include accommodation in total and offers a tranquil, fully landscaped, waterside occupiers such as Google, Yahoo, UPC, Cisco, Enterprise Ireland, Fineos, setting that is fully managed. The park is equipped with a wide range of Oracle and Whirlpool. amenities including a convenience store, cafes and a child care facility. The campus offers ease of access to The International Financial Services In addition East Point has a five a side football pitch, tennis court and a Centre, The Convention Centre, The O2, Grand Canal Dock, Bord Gais Westwood Gym on site. Energy Theatre and all amenities that Dublin City Centre has to offer. The property is located in phase two of the office park, fronting on to the main circulation road.

Luas The O2 Grand Canal Dock Bord Gais Energy Dublin Dublin Port IFSC Theatre Convention Centre Tunnel

Citrix Arvato Deutsche Bank Cisco Yahoo Enterprise Ireland Google Oracle Fineos Transport

The business park benefits from excellent public/private transport links. Dublin’s rail network provides direct DART access to Connolly Station and transfer access to the which services the nearby . The rail network also provides direct access to the Docklands Station for those commuting along the western Sligo line. In addition to the mainline routes the park has its own complimentary feeder bus service which offers regular connections to Clontarf DART Station, The Docklands Train Station and the Point LUAS stop, ensuring the Campus’s 6,000+ employees have convenient access.

The Campus’ location also offers unrivalled access to other major transport infrastructure including East Link Bridge, Dublin Port Tunnel (immediately adjacent), Dublin Airport (15 minute drive) and the M50 ring road giving access to Ireland’s arterial motorway network. The wide range of transport options closeby underpins the occupier’s ability to conduct business with their staff and clients as efficiently as possible. Specification Description

The building, which is semi-detached, extends over four levels with a n Air Conditioning feature full height central glazed atrium. The floor plates range from n Raised Floors with Floor boxes (1 per 12 sq.m.) approx. 1,118 sq.m. to 1,258 sq.m. With the circulation core located in the centre of the H shaped block, the office floors plates are highly n Suspended Ceiling with recessed lighting flexible and can be subdivided as required to facilitate multiple size n Floor to Ceiling height of 2.7 m. letting requirements. Structurally the building is of reinforced concrete frame construction n 2 No. Eight Person Passenger Lifts on a 6 metre grid with 300mm thick reinforced concrete slab floors on n Fully Fitted Lift Lobbies and Toilets piled foundations. Externally the building is finished with double glazed aluminium windows and limestone façade. n Feature Internal Atrium finished in natural stone. The external areas have been professionally landscaped with an attractive water feature to the front of the building. There are 71 car parking spaces (22 on site and 49 multi storey) providing Plans Ground floor and First floor (Typical upper floor) a very generous car parking ratio of 1 car space per 63.8 sq.m.

G 1 Ground First Covenant

UPC is the largest digital cable television provider within Ireland. UPC Broadband is the European division of Liberty Global Inc., one of the world’s leading international cable operators. UPC brings television, broadband internet and telephone services to approximately 13.4 million customers throughout 10 European countries. The lease is guaranteed by UPC Broadband, the accounts for which show a net asset value of €29 million. VAT

VAT information will be provided on request Schedule of Accommodation Approximate Gross Internal Floor Area Capital Gains Office Sq.m. Ground Floor 1258.08 If the property is purchased before the end of 2014 and is held for at least First Floor 1118.40 7 years, the capital gain attributed to that 7 year holding period will be Second Floor 1118.03 exempt from Capital Gains Tax (CGT). We recommend that interested Third Floor 1118.07 parties satisfy themselves in relation to CGT and taxation matters relating to the property generally and seek tax advice from their Total GIA 4612.59 accountant or tax advisor.

Car Parking 71 car spaces accountant or tax advisor. Tenancy Tenure Freehold The property is let to UPC under a 25 year lease from 5th December 2000 with upward only rents each fifth year. The lease provides for a tenant break option on the 4th December 2020 subject to a 12 month BER notice period and a 9 month rental penalty. The original lease terms have recently been varied, with the tenant postponing the break date in 2015 to 4 December 2020 in return for a rent reduction. Under the revised terms the tenant will pay a rent of Pricing €1,016,000.00 per annum until December 2015, with the rent reducing to €647,276 per annum from 4 December up to the next rent review On Application date in December 2020. Website

Further information visit: eastpointbusinesspark.com

Contact

Solicitors

Stephen O’Riordan A&L Goodbody, IFSC Northwall Quay, Dublin 1 Ph +353 1 649 2000

Selling Agent

20-21 Upper Pembroke Street, Dublin 2 Tel: 01 6342466 Website: www.KnightFrank.ie

Adrian Trueick +353 1 6342466 [email protected]

Ross Fogarty +353 1 6342466 [email protected]

Conditions to be noted: These particulars are issued by 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 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