INDEPENDENT HOUSE

TALBOT STREET, JAMES JOYCE STREET 1, IRELAND & FOLEY STREET BRETT COURT

KEY INVESTMENT HIGHLIGHTS Mixed Use City Centre 02 Investment Opportunity

The property occupies

LOCATION & TRANSPORT “

a prominent corner site with extensive frontage “ 04 to high-footfall streets FOR SALE BY PRIVATE TREATY THE PROPERTY 08 FLOOR PLANSFLOOR 14 ACCOMMODATION SCHEDULE 22

See inside for details

TENANTS NOT AFFECTED OPPORTUNITY TO ACQUIRE A MIXED 100% 90% USE INVESTMENT PROPERTY IN THE COMMERCIAL RESIDENTIAL KEY INVESTMENT HIGHLIGHTS HEART OF THE CITY CENTRE SPACE OCCUPIED OCCUPIED

APPROX. Headquarter building which comprises a 6 SQ M storey over basement 5,693.26 mixed-use property (61,282 SQ FT) with 26 car spaces

€1,479,052 Current income p.a.

Let to two excellent tenants; Independent News Media & Kanes Supermarket (t/a SuperValu)

8 YEARS Long income opportunity WAULT

Located in close proximity to Dublin’s transport hubs at , Busaras & Luas and Cross City

2 3 In the heart of LOCATION Dublin North City & TRANSPORT Centre

The subject property occupies a high- profile and prominent corner site with extensive frontages on to , James Joyce Street and Foley Street in the heart of Dublin’s north city centre.

IFSC Talbot Street is a busy vehicular and pedestrian thoroughfare connecting with , O’Connell Street and Henry Street. The street is predominantly commercial in nature with a mix of retail, office and restaurant uses. Neighbouring occupiers CONNOLLY STATION RED LUAS include Irish Water, Irish Life Centre & Wells Fargo. BUSRAS The property enjoys unparalleled transportation links with Luas Red Line stops, DART and mainline rail stations and numerous Dublin Bus routes located DART in the immediate area. Connolly Station and Busaras bus terminus are adjacent, while the Luas Cross City project, which is due to be operational by the end of 2017 will further enhance the area, with new stops at Marlborough Street and LUAS O’Connell Street Lower.

CROSS CITY The renowned International Financial Services Centre (IFSC) office district, is situated approx. 200 metres east of the property. The prime retail destinations of O’Connell & Henry Street are 550 metres west of the property.

4 5 N DUBLIN Connolly TUNNEL W E

S Connolly O’Connell Upper Docklands

T A L B O T S T Busáras P A R N E L L S T S H E R I F F S T R E E T U P P E R Marlborough George's Dock Mayor Square H E N R Y S T

O'CONNELL ST A B B E Y S T THE POINT CUSTOM VILLAGE Abbey Street HOUSE IFSC J E R V I S S T Spencer Dock The Point O’Connell DUBLIN

C A P E L S T GPO CONVENTION SAMUEL CENTRE PORT Jervis BECKETT 3 ARENA Tara Street BRIDGE Smithfield R I V E R L I F F E Y Four Courts C I T Y Q U A Y Westmoreand Trinity S I R J O H N R O G E R S O N ' S Q U A Y

TEMPLE G R A N D BAR C A N A L D O C K

CHRIST TRINITY D A M E S T CHURCH COLLEGE CATHEDRAL P E A R S E S T DUBLIN Pearse CASTLE

T

S

E

G

R

O R IN G S E N D R D

E W I L L I A M S T RINGSEND G Dawson

P A T R I C K S T PARK

G R A F T O N S T

MERRION K I L D A R E S T SQUARE Easy access Grand Canal Dock

St.Stephen's M O U N TS TLO W ER Green

LUAS RED LINE On your doorstep

H E ST STEPHEN'S Y T E S B U R Y LUAS GREEN LINE 15 minute walk GREEN M E R R I O N S Q LUAS CROSS CITY 2 min walk (O’Connell Street)

DART & IRISH RAIL B A T H A V E 54 minute walk

DUBLIN BUS On your doorstep DR H C A E B GRAND CANAL INTERCITY/ REGIONAL BUS 4 minute walk (Bus(Busáras) Aras) FITZWILLIAM D R D N A L R E B M U H T R O N SQUARE DUBLIN BIKES 2 minute walk (Talbot Street)

IVEAGH THE NATIONAL DUBLIN TAXI On your doorstepAVIVA GARDENS CONCERT STADIUM DUBLIN SWIFTWAY 2 min walk (O’Connell Street) HALL BAY HEYTESBURY ST HADDINGTON RD

AIRCOACH / AIRLINK 2 min walk (O’Connell Street) D R

FITZWILLIAM PL PORT TUNNEL 89 min Lansdownedrive (3km) Road E

L

L

Harcourt CARIRISH PARK LIFE MALL CAR PARK 2On min site walk I P E M B R O K E R D V N

O

T

I M E S P I L R D R T 6 7

SHELBOURNE RD

SANDYMOUNT

Charlemont

RANELAGH BALLSBRIDGE

HAROLD’S CROSS

Raneagh A P P I A N W A Y

D A O R N O I R R E M DR DR O F D NA S CHARLESTON RD

RATHMINES RD LOWER

HERBERT PARK RATHMINES

Beechwood Sydney Parade

DONNYBROOK

KENILWORTH AILESBURY RD

E G L I N T O N R D

MILLTOWN PARK Cowper B E A V E R R O W

R A T H G A R R D

ELM PARK GOLF & SPORTS CLUB

HIGHFIELD RD

TERENURE RD CLONSKEAGH W O O D B I N E R D DARTRY Milltown

MILLTOWN RD

ST HELENS THE PROPERTY COMPRISES A SIX STOREY OVER BASEMENT CORNER SITE MIXED USE PROPERTY WHICH CONSISTS OF OFFICE, THE PROPERTY RETAIL AND RESIDENTIAL USE, LOCATED ON A CORNER SITE

INDEPENDENT HOUSE

INDEPENDENT HOUSE Internally the office element is a mixed-use property of the property is open plan compromising of office & with raised access floors and retail which fronts onto Talbot suspended ceiling. Each floor Street & James Joyce Street is fitted out with a tea station and extends to a net internal or canteen for staff along with area of approx. 5,123.69 sq m WC facilities and a shower. (55,151 sq ft). The property There is a wraparound has a glazed finish on the balcony on the fifth floor corner of the property which and there is also access to a allows natural light into the balcony on the fourth floor. atrium which contains the The retail unit is fitted out reception of Independent to a high standard by the News Media. The ground floor tenant and has been recently is fitted with polished stone refurbished to include café to and there is a red brick façade the front of the property. to the upper floors.

OFFICE SPECIFICATON

➢ Raised access floors ➢ Suspended ceilings ➢ 3x Schindler 10 person lifts ➢ Comms room with fire suppression system ➢ Cat 2 recessed lighting ➢ Mechanical air con (VRF) ➢ Cat 5 cabling

Ground floor corner retail unit fronting onto Talbot Street & James Joyce Street is held under separate ownership

8 9 BRETT COURT

BRETT COURT is a residential stone on the ground floor and scheme which fronts onto red brick façade on the first floor Foley Street and comprises of onwards. Internally the units are 11 apartments extending to an fitted out with wood flooring in the overall area of approx. 569.6 sq m halls and kitchen with carpet in the (6,131 sq ft). The penthouse No. bedrooms. The properties are gas 11 is held in separate ownership, heated and one of the bedrooms the remaining 10 apartments are benefits from access to a balcony. included in the sale. Externally the Each floor plate contains one x 1 property comprises of polished bed & one x 2 bed.

SPECIFICATION

➢ Common area refurbished in 2016 ➢ 8 person double sided Schindler lift ➢ Gas heating ➢ Each floor contains one 1 bed & one 2 bed apartment

10 11 A breath-taking rooftop view of Dublin’s skyline

12 13 Independent House Floor Plans

F S A Entrance Office

SS A S A

R S A S R ( )

S S T T T

T T

F R

T R S

INM Office P Entrance O P S

GROUND FLOOR FIRST FLOOR

For Identification Purposes Only (Not to Scale)

14 15 T T T T

S

S R S S

SECOND FLOOR THIRD FLOOR

16 17

S R R

T T

T T

S

S

FOURTH FLOOR FIFTH FLOOR

18 19 Brett Court Floor Plans

1 1 R R APARTMENT 2 APARTMENT 4

S S S S

A A

R R APARTMENT 3 APARTMENT 1 1 2 1 2

FIRST FLOOR SECOND FLOOR

The 3rd, 4th & 5th floor plates are similar.

20 21 Accommodation Schedule Occupiers

INDEPENDENT HOUSE INDEPENDENT NEWS MEDIA The approximate areas set out below are measured net internal as per the the measurement survey carried out by ORS. INM is the leading newspaper and online publisher on the island of Ireland, EXPIRY OR NEXT CURRENT is vertically integrated with print and distribution assets, and is the largest DESCRIPTION TENANT NAME LEASE START YEARS BREAKDATE/ RR CYCLE RENT REVIEW/ AREA SIZE SQ M SIZE SQ FT CARS RENT PA wholesale distributor of newspapers and magazines on the island. The YRS. TO YRS. TO Company is headquartered in Dublin, Ireland and its shares are quoted on the Basement 71.99 775 Irish and London Stock Exchanges. As per the half year financial results ending Ground 130.87 1,409 Part First 926.91 9,977 30th June 2017 INM has accumulated profits before tax of €14.9m, net assets of GF and Independent Second 926.91 9,977 Entire Newspapers 27-Sep-04 25 27-Sep-24 5 UORR 27-Sep-19 20 €1,044,452 €80.1m, cash of €95.7m & total revenue of €148.1m. Third 910.76 9,803 1st-5th (Ireland) Ltd Fourth 754.6 8,122 Floors Fifth 505.22 5,438 Total 4227.26 45,501 THE KANE/MCCARTNEY GROUP Part Kanes Ground Supermarket 15-Dec-04 25 14-Dec-29 5 UORR 15-Dec-19 Ground 896.43 9,649 €275,000 Kane & McCartney Group are a retailing entity which have 5 SuperValu Floor & (Talbot Street) Basement Limited stores under their control and which operate throughout Dublin. SuperValu is currently Ireland’s most popular supermarket with a market share of 22.1%.* Car Various 31-Mar-17 1 31-Mar-18 Basement 6 €7,200 Spaces

TOTAL €1,326,652

*Figures sourced from Kantar Worldpanel.

BRETT COURT OCCUPIERS IN THE AREA The approximate areas set out below are measured gross internal as per the the measurement survey carried out by ORS. Office: Retail: FLOOR NUMBER TYPE NEW LEASE AREA SQ M AREA SQ FT GROSS RENT Irish Water Spar Danske Bank Paddy Power 1st Apartment 1 1 bed 02/12/2016 44.3 477 €1,400 RDJ Iceland 1st Apartment 2 2 bed TBC 69.62 749 €1,000 KPMG Chopped

2nd Apartment 3 1 bed 13/04/2017 44.3 477 €1,400 Wells Fargo The North Star Hotel JP Morgan 2nd Apartment 4 2 bed 01/06/2017 69.62 749 €1,750 Zurich 3rd Apartment 5 1 bed 11/04/2017 44.3 477 €1,400 Susquehanna 3rd Apartment 6 2 bed 01/05/2017 69.62 749 €1,600 Deutsche Bank

4th Apartment 7 1 bed 29/03/2017 44.3 477 €1,200

4th Apartment 8 2 bed 04/05/2017 69.62 749 €1,750

5th Apartment 9 1 bed 01/03/2017 44.3 477 €1,200 Held vacant 5th Apartment 10 2 bed 69.62 749 €0 for viewings

TOTAL PER MONTH €12,700

TOTAL PER ANNUM €152,400

TOTAL AREA 569.96 6,131

22 23 SOLICITOR PHILIP LEE John O’Donoghue T: 01 237 3700 E: [email protected]

SOLE AGENTS CBRE Willie Norse Stephen Aherne T: 01 618 5529 T: 01 618 5718 E: [email protected] E: [email protected]

BER No. 800581035 – 800580516 729.87kWh/m2/yr 0.8 – 424.31kWh/m2/yr 2.34

ZONING The property is located in an area zoned Z5 City Centre “To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.”

TITLE We understand that the property is held freehold. Ken Tyrrell & Declan McDonald, VIEWING Receiver Strictly by appointment with the sole selling agents.