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Ballycoolin Business Park Blanchardstown, Dublin 15

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Ballycoolin Business Park Blanchardstown, Dublin 15 INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL FOR SALE BY PRIVATE BUILDINGS TREATY 2, 3, 4, & 5 In one or more Lots Ballycoolin Business Park Tenant not affected Blanchardstown, Dublin 15 www.cbresales.ie/ballycoolin LOT 1 –Three Interconnecting Grade A Office Buildings LOT 2 – Converted Industrial Unit on 2.8 Ha 6.9 acre site LOT 3 – The Entire Key Considerations Opportunity to acquire Grade A suburban office at significantly below replacement value Attractive income return Low passing rent with excellent potential for growth PayPal provides an Excellent Covenant Location SWORDS Malahide M2 Dublin M1 Portmarnock Airport M3 Ballycoolin is on the northern side of the Ballycoolin Road which connects Finglas Blanchardstown Road North with BLANCHARDSTOWN Snugborough Road. The property is Howth North Bull approximately 16 km northwest of Dublin Island Cabra M50 Clontarf City Centre and is within 5 km of the M50/ Lucan DUBLIN N2 and M50/N3 junctions which provides rapid motorway access to all of the main routes from Dublin including Dublin Airport and the Dublin Port Tunnel. Ballsbridge Dublin Bay The Ballycoolin area has witnessed an Clondalkin Rathmines enormous wave of commercial activity Booterstown over the past 15 years and is now firmly established as one of Dublins largest E20 TALLAGHT commercial hubs. Occupiers in the area Dundrum Dun Laoghaire include Xerox, Symantec, IBM Ireland, Knocklyon City West Dalkey Veritas Technologies and Coca Cola. M50 N81 Rockbrook Stepaside Carrickmines M11 LUAS red line LUAS green line DART line BRAY BUILDING 3 BUILDING 2 BUILDING 4 BUILDING 5 DESCRIPTION LOT ONE comprises three interconnecting Grade A office buildings extending to a total of 142,606 sq ft (13,249 sq m). External walls are aluminium panels with bespoke Brise Soliel feature. Windows are double glazed and can be opened. Internally the buildings are finished and maintained to a high standard with carpeted raised access floors and with mainly suspended metal tilled ceilings to the office areas. Heating and cooling is provided to the building through a chilled beam ceiling system with perimeter radiators and under floor plenum. There is a large canteen at the ground floor of block 4 which has the benefit of access to a large outside seating area. The external grounds are landscaped and maintained to an exceptional level and there is parking for over 600 cars in a surface car park. LOT TWO comprises Building 2, a purpose built light industrial unit extending to approximately 28,248 sq ft (2,624 sq m). The original structure comprised two story office to the front with a modern warehouse to the rear. The building comprises of concrete frame construction with redbrick outer leaf and with a insulated metal deck roof incorporating translucent lighting. The ground floor office, together with part of the warehouse, has been converted to office use and is occupied by PayPal. The rear warehouse has been upgraded to provide a server room together with the first floor office and was previously occupied by Xerox. This unit is now vacant. Externally there is a large secure compound and covered storage area. Building two is situated on a largely undeveloped site extending to a total of 6.9 acres (2.8 Ha). Internally & exTERNALLY the buildings are finished and maintained to a high standard CENTRAL ATRIUM CANTEEN BUILDING 2 BUILDING TENANT LEASE TERM START DATE CURRENT BREAK & FLOOR AREA DEMISED RENT RENT REVIEW CAR SPACES DATES SQ FT SQ M Building 3 PayPal 20 yrs/4 mths 1 Aug 2008 €661,024 31 Oct 2019 46,942 4,361 198 Europe Services Ltd 31 Oct 2024 Building 4 PayPal 20 yrs/2 mths 1 Oct 2008 €694,612 31 Oct 2019 49,240 4,575 198 Europe Services Ltd 31 Oct 2024 Building 5 PayPal 20 yrs/1 mth 1 Nov 2008 €661,024 31 Oct 2019 46,424 4,313 198 Europe Services Ltd 31 Oct 2024 Building 2 PayPal 13 yrs/9 mths/ 25 Feb 2015 €179,525 31 Oct 2019 15,956 1,482 20 6 days 31 Oct 2024 Building 2 Vacant 12,292 1,142 34 TOTALS €2,196,185 170,854 15,873.3 Tenant break options subject to 6 month’s notice. PayPal leases guaranteed by Paypal Holdings Inc. covenant PayPal operates a worldwide online payments system that supports a two-sided global technology platform that links its customers, online money transfers and serves as an electronic alternative to both merchants and consumers, around the globe to facilitate the traditional paper methods like checks and money orders. PayPal is processing of payment transactions, allowing it to connect merchants one of the world’s largest Internet payment companies. The company and consumers. It allows its customers to use their account for both operates as a payment processor for online vendors, auction sites and purchase and paying for goods, as well as to transfer and withdraw other commercial users, for which it charges a fee. funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, Vision-net credit report indicates a credit score of 100 low trade risk. PayPal Credit account, credit and debit card or other stored value The credit limit is €2,436,750 and reports cash reserves of €70 million. products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom PayPal Holdings, Inc. is a technology platform and digital payments company that enables digital and mobile payments on behalf of Headquartered in San Jose, California, with a market capitalisation of consumers and merchants. The Company’s combined payment approximately $92,000 million. Third Quarter 2017 reported results solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom included Revenue growth of 21% to $3.239 billion and GAAP Earnings of and Paydiant products, compose its Payments Platform. It operates $380 million title We understand that the property is held under a long lease subject to a nominal rent. This is a standard IDA lease and includes the usual user restriction to internationally traded goods and services use. BER BER Number: 800335267 - 800606741 solicitors CARA O’HAGAN NIAMH MAHER T: +353 1 232 2358 T: +353 1 232 2357 E: [email protected] E: [email protected] selling agent COLM LUDDY SANDRA WALSH T: +353 1 618 5729 T: +353 1 618 5578 www.cbresales.ie/ballycoolin E: [email protected] E: [email protected] DISCLAIMER: CBRE U.C [CBRE IRELAND] These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: - (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure prepared January 2018. .
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