FOR SALE BY PRIVATE TREATY INVESTMENT

MCDONALD’S & KFC Drive-Thru Restaurants, Charlestown, 11 Secure Investment Opportunity (Tenants not affected)

Joint agents

® ® MCDONALD’S & KFC Secure Investment Drive-Thru Restaurants, Charlestown, Dublin 11 Opportunity

EXECUTIVE SUMMARY

• Newly developed drive-thru centre situated within the Charlestown Shopping Centre scheme which is anchored by .

• Directly adjacent J5 of the M50 and close to the established North Park Business Park, North Road and established residential developments.

• Two self contained drive-thru restaurants and dining facilities occupied by McDonald’s and KFC on long leases (Money Weighted term Certain circa. 16 years).

• Cumulative passing rent of €291,400 per annum. MCDONALD’S & KFC Secure Investment Drive-Thru Restaurants, Charlestown, Dublin 11 Opportunity

Phase 2A

Charlestown Cinema M50 110,000 sq ft cinema & leisure Phase 3 complex

Phase 1

Phase 2

150,000 sq ft of

® ® commercial Space 285 Apartments 65,000 sq ft (pipeline)

St. Margaret’s Road

Surface Car Park Malahide

N1 C M DONALD’S N2 & KFC M1 Portmarnock LOCATION Drive-Thru Restaurants, Charlestown, Dublin 11

Balgriffin Sutton The Charlestown drive-thru centre is situated within the The area and its immediate environs has a population in the Blanchardstown N3 M50 Whitehall Howth Charlestown Shopping Centre Complex. The scheme can be order of 31,440 persons (Census 2011) whilst the M50, Donaghmede DART easily accessed from J5 of the M50 providing easy access to immediately north of the scheme, is Ireland’s busiest road Raheny customers traveling from the North and West. The immediate carrying in excess of 100,000 vehicles per day. Clontarf area to the east and south predominantly comprises modern N4 DUBLIN and established housing schemes such as Meakstown Charlestown Shopping Centre, is anchored by Dunnes Stores which provide a significant catchment for the restaurants. and opened for trade in October 2007. Since inception the Ballyfermot Separately, land uses to the west and south are for the most 150,000 sq ft scheme has enjoyed excellent occupancy Milltown part commercial with the established North Park Business and is due to launch its new 9 screen Odeon Cinema and N7 Crumlin S N11 Blackrock M50 A Rathfarnham Park and Joe Duffy motors immediately adjacent. leisureplex in early Spring 2014 which will add considerably LU Stillorgan to the existing line up of the centre. N81 Dundrum M50

R117

DART MCDONALD’S & KFC Drive-Thru Restaurants, Charlestown, Dublin 11

Unit A – KFC Ground Floor 235 sq m (2,530 sq ft)

Mezzanine 133 sq m (1,432 sq ft) Unit B McDonalds 300 sq m (3,229 sq ft) DESCRIPTION ACCOMMODATION

The drive-thru restaurants are located within the centre occupancy together with the commercial Unit A – KFC Sq m Sq ft Charlestown scheme and are situated on and residential occupiers nearby. Ground Floor 235 sq m 2,530 sq ft the link road between North Road (M50) and St. Margaret’s Road. The restaurants were constructed by G&T Mezzanine 133 sq m 1,432 sq ft Cramptons for Bovale Developments to tenant Unit B Situated directly adjacent to the Charlestown requirements in 2012 and thus comprise modern McDonald’s 300 sq m 3,229 sq ft Shopping Centre and 9 screen cinema and drive-thru format stores with high level glazing and TOTAL 668 sq m 7,190 sq ft leisureplex the units enjoy excellent profile and excellent accessibility. Ample on site car parking benefit considerably from the immediate shopping is provided for the restaurant patrons. * The mezzanine is a tenant fit-out thus disregarded for rent review purposes. TENANCY ® ® UNIT A COVENANT MBCC Foods (Ireland) Ltd operate MBCC Foods (Ireland) Ltd the KFC, Pizza Hut and Costa Let to MBCC Foods (Ireland) Ltd t/a KFC under a 25 year lease from 31st January reported turnover of €38.7m to Dun & Bradstreet 2012. The current passing rent is €141,400 per annum. The tenant has an option Coffee Brands in Ireland and credit rating of 2A 4. 31st January 2012 and a profit recorded 53% increase in profits € to terminate the lease on the 10th anniversary of the term (2022). before tax of 2.3m. for 2011 to 2012. TENANCY UNIT B COVENANT McDonald’s Restaurants of The company recorded turnover Dun & Bradstreet Ireland Ltd is the principal of €77.9m to Dec 2011 and is Let to McDonald’s Restaurants of Ireland Limited t/a McDonald’s credit rating of 5A 2. under a 25 year lease from 31st January 2012 with no break options. trading company for listed as having a tangible net McDonald’s in Ireland. € The current passing rent is €150,000 per annum. worth of 81.7m. MCDONALD’S & KFC Drive-Thru Restaurants, Charlestown, Dublin 11 TITLE Freehold/Long Leasehold BER

Unit A BER No. 800209280

Unit B BER No. 800209272 SOLICITORS Smith Foy & Partners JOINT AGENTS: 59 Fitzwilliam Square Dublin 2 19/26 Hambleden House, 3rd Floor, Connaught House, Pembroke Street Lower, 1 Burlington Road, Raymond Smith Dublin 2. Dublin 4. +353 1 6760531 [email protected] David Carroll Natalie Brennan +353 1 647 7961 PSRA: 1528 +353 1 618 5555 VIEWINGS PSRA:1830 [email protected] [email protected] Viewings are strictly by Rod Nowlan Willie Norse appointment through the +353 1 647 7909 +353 1 618 5579 joint selling agents. [email protected] [email protected]

These particulars are issued by Bannon and CBRE on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them, Bannon and CBRE, for themselves and for the Vendor/lessor whose agents they are, give notice that: (1) 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. (2) Any representation including description, dimensions, references to condition, permissions or licences 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. (3) Bannon and CBRE nor any of its employees have any authority to make or give any representation or warranty in relation to the property.