THE ASSETS for Sale in One Or More Lots

Overview

THE ASSETS For sale in one or more lots

LOT 1 Assets in Tougher Business Park

70 individual assets with a total gross 70 assets external floor area of approx. 70,918 sq m ¤1.8 million Currently producing a gross rent of approx. €1.8 million per annum LOT 2 Increased Income Potential to increase rental income from vacant properties “Smiths” Lands & Dwelling Tenant Mix Tenants include DSV Solutions, Domino’s Pizza, Kelleher Electric, Lidl Ireland, NCT Approx. 19.7 ha (48 ac) Centre amongst others of superb farmland adjoining Lot 1 with 45+ hectares Extensive land bank comprising approx. attractive 5 bed house and 11.2 ha (27.26 ac) of industrial zoned land, associated out buildings approx. 24.06 ha (59.45 ac) of unzoned land and approx. 10.53 ha (26 ac) of forestry

Opportunities Excellent asset management and long term development opportunities

Occupancy Tenants not affected

LOT 3 The Entire Tougher Business Park Naas, Co. Kildare

Excellent investment and land opportunity offering asset management and development potential

4 5 Maynooth Lucan

M4 Dublin Dublin Bay Cellbridge

River Liffey N11 Rathcoole Tougher M50 Dun Laoghaire Business Park N7 Kill Sallins

M7 M11 Naas N81 Enniskerry Bray Newbridge Blessington

E01 Greystones M7 Wicklow Mountains

BLessington Lakes

Naas Industrial River Liffey Naas Estate

Tougher Business Park

Newbridge Golf Course Maynooth Tougher Business Park Naas, Co. KildareCraddocktown M4 Lucan Golf Club Dublin Bay R445 Cellbridge Introduction Dublin R411 M7 River Liffey Savills and DTZ are delighted to present the Tougher N11 Railway Rathcoole Dun Laoghaire Business Park Portfolio, offering investors and developers Tougher R448 Business Park M50 the opportunity to acquire a high yielding industrial Newbridge N7 business park , along with an extensive land bank. The business park benefits from a broad range of tenants Kill across a total of 70 assets with significant potential to M11 increase the current rent roll through future lettings. The Naas N81 Bray sale also offers excellent opportunities for development M7

and re-zoning in future development plans. Newbridge Blessington

Description Location E01 Wicklow The Tougher Business Park portfolio represents a Tougher Business Park is situated in Ireland’s Mountains Greystones rare opportunity to acquire a large industrial premier distribution location just off junction 10 on M9 portfolio in a single lot together with an extensive the N7, approx. 30 kms south west of the M50 land bank of industrial land as well as unzoned land motorway (junction 9) which provides rapid and forestry. The park provides a range of unit sizes motorway access to all of the main arterial routes from 200 sq.m. up to 18,000 sq.m. as well as zoned leading to Dublin, Dublin Airport and to the Dublin sites from 0.4 hectares, offering occupiers the ability Port Tunnel. Naas to expand and grow within the park. Specifications Railway Industrial vary across the units however a typical specification The towns of Newbridge and Naas are within easy BLessington Estate includes buildings of steel frame construction with a access of Tougher Business Park and local amenities Lakes twin skin metal deck roof and metal cladding to the in the area include the Whitewater Shopping Centre, external elevations. Many of the units benefit from Palmerstown PGA Golfcourse, the K-Club, Kildare R407 excellent loading and unloading facilities with ample Village Outlet and Mondello Park. The location has turning circles throughout the scheme. The Park is been chosen by Pennys, DSV, Lidl and Aldi for their generating an annual rent of approximately €1.8 national distribution centres, underpinning the Tougher Naas million however with active asset management and prime location of Tougher Business Park as a Business Park letting of the available units there is significant scope national logistics centre. to increase rental returns.

Newbridge Golf Course

R445 M7 River Liffey R411 R448

Newbridge Railway 6 027 LOT 1

Assets available 70 individual assets with a total gross external floor area of approx. 70,000 sq. m. Total occupied space of 53,696 sq. m

Currently producing a gross rent of approx. ¤1.8 million per annum

Potential to increase rental income from vacant properties

Tenants include DSV Solutions, Domino’s Pizza, Kelleher Electric, Lidl Ireland, NCT Centre amongst others

Includes approx. 10.53 hectares (26 acres) of forestry situated on the western boundary of Tougher Business Park. The land is predominantly laid out in ash and has the benefit of access from the main estate road

Extensive land bank comprising Certain properties excluded approx. 11.2 ha (27.26 acres) of industrial (refer to page 23 for exclusions) zoned land, approx. 24.06 ha (59.45 acres) of unzoned land and approx. The sale includes all estate roads and common 10.53 ha (26 acres) of forestry. areas within Tougher Business Park. Site boundaries

8 are indicative and for information purposes only. 9 Tougher Business Park Naas, Co. Kildare

LOT INCOME SUMMARY Tougher Business Park currently produces Rent Breakdown Overall Commercial Analysis 1 an overall gross income of approximately Breakdown of Rent by Tenant Term Total Rent Percentage ¤1.8 million per annum. The income stream 0-3 3-5 Certain Years per annum Total

can be analysed as follows: 0-3 €1,116,266 61.61

3-5 €695,372 38.4

Total €1,811,638 100%

Lease Size Income per Percentage Occupier Property Commencement (Sq. m) annum (€) Total

DSV Solutions T4 2015 18,061 €565,322 31.21% Assumptions

DSV Solutions T7 01/07/04 11,332 €348,444 19.23% Please note that this tenancy schedule is for DSV Solutions T6 2015 4,795 €209,550 11.56% indicative purposes only and all potential MDS Distribution Q1 11/04/14 1,947 €75,000 4.14% purchasers should satisfy themselves in relation to the accuracy of the above information; NCT Centre B2 01/01/00 595 €67,429 3.72% JZ Flowers M10 15/06/08 2,005 €67,200 3.71% Potential purchasers should satisfy themselves in relation to the contracted rent stated and should Dominos Pizza 1E 29/12/14 540 €58,000 3.20% reference the full suite of lease documentation Lidl Ireland G1 01/06/14 3,625 €45,000 2.48% provided in the dataroom. Other 27,100 €375,693 20.73%

TOTAL INCOME €1,811,638

10 11 Tougher Business Park Naas, Co. Kildare

LOT 1 RENTAL & ACCOMMODATION SCHEDULE

Aerial Floor Aerial Floor Area Annual Break Area Annual Break Reference Unit No Occupier Area Lease Start Lease End Status Reference Unit No Occupier Area Lease Start Lease End Status (sq foot) Rent Option (sq foot) Rent Option No. (sq. m) No. (sq. m) Lease at €31,000 p.a. to be Rent includes 1 A1 Tommy Tougher 16,329 1,517 1 Unit T82 Head Office Sitbest 620 58 €8,204 02 January 13 2 October 17 formalised service charge 1 A2 Vacant 3,079 286 1 Unit T83 Head Office Vacant 7,465 694 1 A3 Kelleher Electric 2,852 265 €27,934 1 May 02 30 April 23 1 Unit T84 Head Office Vacant 2,375 221 1 A4 A/C/C Vacant 4,984 463 1 Unit T85 Head Office Vacant 1 A5 Vacant 2,540 236 13 K6 Vacant 2,228 207 Total rent (6 1 A6 Vacant 2,594 241 14 T9 DSV 39,719 3,690 €60,000 1 August 15 28 February 15 months licence) Tenant Overholding. Lease Renewal 1 A7 Seneca Group 1,959 182 €28,000 1 February 08 31 October 12 at €28,000 p.a. to be formalised 15 J1 Vacant 2,454 228 1 A8 Vacant 883 82 15 J2 Vacant 5,425 504 Tenant Overholding. Lease Renewal 1 A9 HSE 2,500 232 €11,828 1 September 11 31 August 12 16 1A Vacant 5,920 550 at €24,000 p.a. to be formalised 17 1E Dominos Pizza 5,974 555 €58,000 29 December 14 28 December 15 1 A10 Vacant 1,775 165 18 Unit 3 Road A Vacant 18,331 1,703 2 B Vacant 2,067 192 19 Unit 3 Road M KC Civil Engineering 7,287 677 €22,050 8 August 14 8 May 19 3 B1 Vacant 7,535 700 20 G1 Lidl Ireland GMBH 39,665 3,685 €51,044 17 July 14 16 July 16 4 B2 NCT Centre 6,351 590 €67,429 4 January 00 3 January 30 2020 Negotiations Construction 5 C1 HSE 4,779 444 €7,075 1 May 06 30 April 12 Tenant Overholding. ongoing 21 H1/H2 & Yard Accessories Limited 9,192 854 €37,000 1 December 08 31 August 17 regarding rent 5 C2 Vacant 2,476 230 - Plaka Ireland reduction. 5 C3 & C4 G-Mack Racking 7,180 667 €21,600 1 March 13 28 February 15 Yearly Licence JZ Flowers 22 Unit 10 Road M 23,013 2,138 €68,758 June 2008 May 2017 5 C5 Vacant 1,862 173 International Limited Business Mobile 6 D1/2 Vacant 7,083 658 23 Unit 12 Road M 10,732 997 €33,000 14 October 13 13 October 18 Security 7 E1 Vacant 9,741 905 Tenant 23 Unit 12a Road M Coughlans Bakery 3,648 339 €15,000 7 E2 Vacant 6,135 570 overholding 24 W6 Vacant 18,665 1,734 8 F1 Vacant 13,186 1,225 25 Unit 1 Road Q1 MDS Distribution 23,896 2,220 €75,000 11 April 14 11 January 19 9 T4 DSV 194,398 18,060 €565,322 2015 2025 2020 Currently In Legals Monaghan House, Tenant 26 Occupied/Residence 10 T6 DSV 50,117 4,656 €209,550 1 June 15 31 December 15 Currently In legals adjoining Dawson Rentals overholding Meteor Annual Licence 11 T7 (1) DSV €180,000 1 September 08 30 June 29 2019 €25,000 131,999 12,263 Telecommunications Mast Agreement 11 T7 (2) DSV €168,444 1 July 04 30 June 29 2019 763,363 70,918 €1,811,638 12 T51A Eir Flowers 9,817 912 €35,000 1 October 02 30 September 12 Tenant Overholding 12 T51B Vacant 4,672 434 Map Land Area 12 T52 Vacant 3,552 330 Unit No Zoning Reference (Ha) National Council 12 T53 4,833 449 €22,000 1 March 14 28 February 15 Tenant Overholding. for the Blind 27 Site - 4 Road M - Occupied by Mick Phibbs €25,000 pa Industry/Warehousing 0.65 12 T54 Vacant 3,671 341 28 Site - B oppposite Unit T7 Industry/Warehousing 2.46 12 T55 Vacant 807 75 29 Site - Adjacent to Dawson Rentals Industry/Warehousing 1.34 12 T56 Vacant 2,465 229 30 Site 1 Road Q Industry/Warehousing 4.05 12 T57 Vacant 1,529 142 31 Site - W1 Road A Industry/Warehousing 1.82 12 T58 Vacant 1,496 139 32 Forestry Unzoned 10.53 Tenant Overholding. Lease Renewal 12 T59 M&K Deliveries 4,887 454 €14,400 1 December 04 30 November 12 34 Kildare District League Unzoned 2.46 at €14,400 p.a. to be formalised 35 Unzoned land to the rear of Penneys Unzoned 7.69 12 T510 Vacant 10,151 943 36 Stripped Land adjoining Smyth's Unzoned 12.70 Unit T81 1 Head Vacant 4,470 415 37 Site- Adjacent to Penneys Industry/Warehousing 0.44 Office 38 Site - Road O, east of Penneys Unzoned 1.21 39 Site - Road O, east of Penneys Industry/Warehousing 0.44

12 13 Tougher Business Park Naas, Co. Kildare

LOT 1 COVENANT INFORMATION Lot 1 comes with a number of existing, high profile tenants including: ZONING MAP

Tougher Business Park is DSV Solutions DSV is a global supplier of transport and logistics services with offices in in an area zoned under more than 70 countries and an international network of partners and objective NE1: Industry / agents with 23,000 employees worldwide with a reported revenue of €6.5 billion for 2014. In Ireland, DSV offers an extensive range of transport and Warehousing in the Naas logistic solutions under the brand of DSV Road, DSV Air & Sea and DSV Solutions, employing more than 400 people in 7 locations. In 2014, DSV Environs (West) Solutions Ireland shipped approximately 450,000 consignments. Development Plan According to Dun & Bradstreet, DSV Solutions Irish subsidiary had a turnover of €23,806,873 in 2013. 2011 – 2017. For further information please see: http://www.ie.dsv.com/

Permitted uses under the zoning objective include car parks, funeral home, garages, panel beating & car Domino’s Pizza repairs, heavy commercial vehicle park, industry, industry (light), motor sales, petrol station, store, depot, Domino’s Pizza UK & Ireland Ltd recorded an underlying profit before tax utility structures, warehouse (wholesale) and workshops. for UK & ROI of £63.1m up by 14.3% on 2013. Domino’s currently operates Uses open for consideration under the zoning objective out of 48 stores in Ireland with a revenue from its Irish activities of €21.5m include community hall / sports hall, crèche/ in 2014. playschool, halting site, health centre, medical and For further information please see: www.dominos.ie/store related consultant, offices, park / playground, playing fields, recreational buildings, restaurant, shop (convenience) and stable yard. Applus + Car Testing Limited trading as NCT

Applus + Car Testing Limited trading as NCT is responsible for the operation of the compulsory vehicle inspection programme in Ireland. The primary aim of the programme is to improve road safety and enhance environmental protection by reducing harmful vehicles emissions in Ireland. According to Dun & Bradstreet, Applus + Car Testing Limited recorded a turnover of €64,282,117 in 2013 For further information please see: www.ncts.ie/

Lidl Ireland

Lidl Ireland GmbH is a wholly owned subsidiary of the UK parent company. Lidl does not disclose its sales or profits in Ireland. The group’s turnover for its UK & Irish operations in the year to February 2014 was £3.3 billion with a projected turnover for year ending February 2015 in the region of £4billion. It is believed that Lidl Irelands 2013 turnover was in the region of €787.5million. For further information please see: www.lidl.ie/en/index.htm

14 15 LOT 2

Smiths Farmhouse & Lands

On approx. 19.7 hectares/ approx. 48 acres

Prime land on the R446 with huge potential and extensive road frontage

Site boundaries are indicative and for information purposes only.

16 17 Tougher Business Park Naas, Co. Kildare

Road A

Service LOT Station Road E DESCRIPTION RestaurantBelfry

2 Road C

Road G

The Property comprises a farmhouse with outbuildings and is on exceptional agricultural land Road J2 of approx. 19.7 hectares / 48 acres. This attractive block of fertile land is well laid out in one division Road J1 and is agricultural in nature.

Road J1 Smiths farmhouse is a fine two storey L shaped farmhouse in need of refurbishment. It is positioned on a fine holding of approx. 19.7 hectares / 48 acres Road J along the R446 just off junction 10 on the M7. To the rear is a large farmyard with concreted areas and outer sheds which are suitable for storage of stock.

The house comprises of 5 x bedrooms with fitted wardrobes and an ensuite. There is also a good sized Road B family bathroom. There is a glazed porch entrance that leads into a good sized reception hall. Just off the hall on either side you have the living room and drawing room which are well-proportioned to the property. Towards the rear of the house there is the kitchen / breakfast room. The kitchen is fitted and Site boundaries are indicative and houses a Stanley cooking range and tiled flooring. for information purposes only. Road M

The land is located just to the back of Tougher Business Park and with good road frontage to the R446. Road B The land is bounded by mature hedgerow and trees, almost rectangular in shape and is laid out in tillage.

The subject property is situated on a tertiary road, approx. Road O Location Approx. Distance 7.5 kilometres southwest of Naas Town Centre and approx. Naas 7.5 km 6.8 km northeast of Newbridge Town Centre. The nearby N7 Road M Naas Dual Carriageway and M7 Motorway connect Naas Newbridge 6.8 km and Newbridge with Dublin and Limerick and the M50

Road B Dublin City 46. 1km Motorway.

Road Q Dublin Airport 50.1 km The property is located approx. 3.8 kilometres from Junction Road R Road Q1 Kildare Train Station 23.6 km 10 on the M7 motorway. It is a rare opportunity to acquire choice lands in an ideal location.

Road Q Town Planning

Road S The subject property is located outside the boundary of both the Newbridge Local area plan and the Naas Town Development plan 2011-2017. 1a

Road U

18 19 Meteor Telecommunications Mast LOT 33 32 34 36 35 30 3 25 22 37 27 23 19 39 28 38 11

29 26 14 20 13 16 15 17 8 9 5 21 7 24 The Entire 12 2/3 4 6

10 31 1

The sale includes all estate roads and common areas within Tougher Business Park. Site boundaries are indicative and for information purposes only.

20 21 Naas, Co. Kildare W7 W6

Road G Road

W1 (site) Road E Road T9 T4 T7 4 Road J

5 T4 Road B Road Road M 3 JA 2 12 Unit 3 7 1 Road A C7 T5 Rentals Dawson 11

8 Road C Road

T6 C5-C6 10 G1 C4 C3

C2 C1 B Road

Unit 2 Road A Road M 9

K1 K2 Road J1 Road 14

Road A B K3 F1 K4 Unit 1 Road A B1

J2 A J2 Road

Site 1 Road E2 Service Station

K5 J1 K6 9a J3 E1 L2 13 L1 I 5 1A

A1-A11 H1 4 D2 H2 1B 2

1 Road J1 Road

1C M1

3 Road Q1 Road D Road Q 1E 1 Belfry

Restaurant Road O 1D B Road

Road Q 4 1a 1 1 Road R

Road S Road U Road 1

Properties excluded from the sale. Site boundaries are indicative and for information purposes only.

22 23 Tougher Business Park Naas, Co. Kildare

an opportunity to acquire A substantial income producing industrial portfolio with development potential

24 25 Tougher Business Park

FURTHER INFORMATION & CONTACT DETAILS

Services Selling Agents All parties are to satisfy themselves as to the availability and current status of services to the park. Savills DTZ T +353 1 618 1300 T +353 1 639 9300 Further information is available in the dataroom. 33 Molesworth Street 164 Shelbourne Road Dublin 2 Ballsbridge, Dublin 4

Development Levies Contact: Contact: & Infrastructural Works Gavin Butler Brendan Smyth Director Industrial Director Industrial There are development levies outstanding in favour T +353 1 618 1340 T +353 1 639 9300 of Kildare County Council. All intending purchasers E [email protected] E [email protected] are to satisfy themselves as to the extent of these License No 002233-002934 License No 00 2222 002 956 liabilities. Further information is available in the Conor Steen Johnny Hanrahan dataroom. In addition, there are infrastructural works T +353 1 618 1408 T +353 1 639 9215 required to maintain the quality of the business park E [email protected] E [email protected] and further information on the extent of these works W www.savills.ie W www.dtz.ie is available in the dataroom. License No 002233-004884 License No 00 2222 002 899

Project Website A bespoke dataroom containing legal documents and other relevant documentation is available at www.tougherbusinessparkportfolio.com

BER Ratings BER Number Available in the dataroom. Solicitors BER Energy Performance Indicators Arthur Cox Solicitors Beauchamps Solicitors available in the dataroom. Earlsfort Centre Riverside Two Earlsfort Terrace Sir John Rogerson’s Quay Dublin 2 Dublin 2

Sale Prices Contact: Contact: On Application Orla Courtney Aidan Marsh T +353 1 618 0000 T +353 1 418 0600 VAT VAT will be payable in respect of VAT

Viewings All viewings are strictly by appointment through the joint selling agents Savills and DTZ.

PROPERTY MISREPRESENTATION ACT The Agents and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither DTZ or Savills nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither DTZ or Savills nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction.

26 www.tougherbusinessparkportfolio.com