Mixed Use City Centre Investment Opportunity
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INDEPENDENT HOUSE TALBOT STREET, JAMES JOYCE STREET DUBLIN 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 PLANS 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 Connolly Station, Busaras & Luas Red Line 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 Talbot Street, 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 Amiens Street with North Earl Street, 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. BUSÁRAS 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 SHERIFF STREET UPPER 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 RIVER LIFFEY Four Courts C I T Y Q U A Y Westmoreand Trinity SIR JOHN ROGERSON'S QUAY TEMPLE GRAND 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 RINGSEND RD 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 MOUNT ST LOWER 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 B E A C H R D GRAND CANAL INTERCITY/ REGIONAL BUS 4 minute walk (Bus(Busáras) Aras) FITZWILLIAM NORTHUMBERLAND RD 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 PEMBROKE RD 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 MERRION ROAD SANDFORD RD 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 Canteen SS A Sor A Rfridgeration S A Sv R ( c) Sf Sf Toilets Toilets Customer Toilets Canteen Toilets Toilets F Rf Lifts Lifts Tr R Sorage INM Office P Entrance Owned P Coff S GROUND FLOOR FIRST FLOOR For Identification Purposes Only (Not to Scale) 14 15 Toilets Toilets Toilets Toilets S S Lifts Control Lifts R Sorage Sorage Canteen Balcony SECOND FLOOR THIRD FLOOR 16 17 Balcony Sver R R Balcony Toilets Toilets Toilets Toilets Lifts Sorage Balcony Lifts Sorage Canteen Balcony Balcony Balcony FOURTH FLOOR FIFTH FLOOR 18 19 Brett Court Floor Plans Balcony Balcony 1 Kit 1 R Kit R APARTMENT 2 Lift Lift APARTMENT 4 Svice Svice St Ensuite St Ensuite C A C A Hallway Hallway Bathroom Bathroom Bathroom Bathroom Kit Kit R R APARTMENT 3 APARTMENT 1 1 2 1 2 Balcony Balcony Balcony Balcony 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.