FOR SALE BY PRIVATE TREATY Long Income Supermarket Investment let to Aldi Stores (Ireland) Limited

RETAIL UNITS D1-D4 SOUTH CENTRAL ROCKBROOK SANDYFORD, DUBLIN 18

C1 SOUTH CENTRAL ROCKBROOK SANDYFORD, DUBLIN 18 SOUTH CENTRAL ROCKBROOK SOUTH CENTRAL ROCKBROOK SUMMARY INVESTMENT costs of 9.96%. 5.1% after purchase a Net Initial Yieldof which reflects Guide price €10.75m, lift access spaces with travelator and 100 basement carparking (20,226 sq.ft) extending to 1,879sq.m Modern ground floorunit October 2021 per annum, next review maximum increase of 4% CPI Linked Reviews with OctoberLease expiry 2036 October 2029 Tenant break option October 2011 25 year FRIlease from €603,376 p.a. Current passing rent

SOUTH CENTRAL ROCKBROOK LOCATION promoted by the arrival of the Luaslightrail and residential development inrecent years, Sandyford hasseensubstantial commercial just 9kmssouth of Dublin citycentre. Sandyford isawell-known suburbof Dublin Windows &Doors. showroom EZLivingInteriors and Rationel Aldi at ground floorlevel isthe furniture more unitsadjacent to Rockbrook. Adjoining andapartments have planningfor over 400 REIT plcown and managethe Grande Central development known asRockbrook. IRES forms of alarge part residential and retail Drive opposite the Sandyford Luas stop and Aldi inSandyford islocated onBlackthorn catchment population. to surrounding areas and increasing the drive from the property, givingeasy access access at junction 14isjust 5minutes’ meters from the door. The M50motorway Luas withthe Sandyford LuasStation just Aldi ishighlyaccessible by carand by Foxrock, Dundrum, Ballinteer and Goatstown. residential areas suchasStillorgan, Blackrock, manyserves established and denselypopulated and flexible living. Sandyford apartment also popularand withthose very seekingmodern most soughtafter suburbanoffice locations 21 minutes. The area isnow firmlyone of the tram linking the area to Dublin CityCentre in RECORDED CENSUS. ON THE PREVIOUSLY NEARLY 14% AN INCREASEOF POPULATION OF8,014, HAVING A DUNDRUM-BALALLY) (KNOWN AS IMMEDIATE AREA RECORDED THE CENSUS THE 2016

12% market share inIreland. increase by 14%to achieve a (Dec 2020),Aldisaw sales conducted by KantarWorldpanel According to research with plansto open many more. over 140stores across Ireland in 1999and currently operate Aldi entered the Irishmarket Britain and Ireland. £12.2 (€14.27)billionacross with sales increasing to in 2019 was £291.23 (€338.81) for itsUKand Irishoperations The groups operating profits sales orprofits solely for Ireland. Ltd. Aldidoes not discloseits UK parent company, AldiStores wholly of owned the subsidiary Aldi Stores (Ireland) Limited isa COVENANT SOUTH CENTRAL ROCKBROOK

APPROXIMATE TRAVEL TIMES Dundrum Bypas Dundrum

Ballinteer Road DUNDRUM

Wyckham s Barton Road

Wa y DUNDRUM DUNDRUM CENTRE TOWN

BALALLY

R1 Blac

12 kg

M50

Road len

TO STILLORGAN LUAS STOP 5 MINUTESWALK Sandyford Road Sandyford

Blackt

horn Drive Drumartin Link Road Link Drumartin

KILMACUD Uppe Road Kilmacud

TO DUBLINCITYCENTRE 20 MINUTES r

Kilmacud RoadLo

Kilgobbin Road Kilgobbin

Av Benildus

SAND

Black

thorn Road thorn enue we r

ROCKBROOK CENTRAL SOUTH RETAIL UNITSD1-D4 SANDYFORD, DUBLIN18 YFOR Road Carmanhall TO DUBLINCITYCENTRE 25 MINUTES D STILLORGAN

Leopardsto St. Rap

haela’s Road n

Burto

wn Road STILLORGAN Hall Road Hall

SANDYFORD

B

l a

c

k t h e o CENTRAL PARK v r A

n TO DUBLINAIRPORT 25 MINUTESDRIVE M50 STILLORGAN VILLAGE CENTRE

TO M50MOTORWAY 5 MINUTESDRIVE

LEOPA

rquay Ro rquay RA To

CECOURSE Stillorgan Road Stillorgan RDST

ad O WN TERMINI OFFICES

SOUTH CENTRAL ROCKBROOK NOVA ATRIA OFFICES ESB NETWORKS M50 JUNCTION 14

ST. RAPHAELA’S ROAD M50

TOYOTA SANDYFORD BLACKTHORN DRIVE BLACKTHORN SANDYFORD, DUBLIN 18 ROCKBROOK CENTRAL SOUTH RETAIL UNITSD1-D4 Q HOUSE BRACKEN ROAD BRACKEN BEACON SOUTHQUARTER AUDI CENTRE DRUMMARTIN LINKROAD

B LA CK TH O R N D R IV

E SPIRIT VOLVO BENILDUS AVENUE BENILDUS BEACON HOSPITAL SOUTH CENTRAL ROCKBROOK DESCRIPTION for residents. four retail units,and acommunal space In addition, there willbe acrèche, and 23 three-bedroom apartments. 251apartments, two-bedroom apartments, 122one-bedroomstudio apartments, two blocks containing apartment 32 The development willbe madeupof Rathdown County Council. engagement withDun Laoghaire planning process following extensive Strategic HousingDevelopment (SHD) The permission was granted through the immediately adjacent to the Aldistore. at Rockbrook,428 apartments An Bord Pleanála to buildanadditional been granted planningpermission by Irish Residential Properties REIThas stairs, and travelator access. to 100basement carspaces withlift, Business District, customers have access to the mainringroad withinSandyford The Aldistore hasextensive frontage and the Beacon Hospital. complex, anchored by Dunnes Stores Beacon SouthQuarter retail/apartment the Stillorgan Luasstation and the The site isstrategically located between element of thismajordevelopment. Aldi store being the key commercial building and anumber of retail units,the anincompleteof apartments, office which began in2007consists of hundreds Sandyford, Dublin 18.The development Rockbrook mixed usedevelopment in Aldi forms of substantial the very part Accomodation Tenancy Let to Aldi Stores (Ireland) Limited ona25year FRIlease with CPIreviews. All intending purchasers must satisfy themselves asto the accuracy of floor areas. *Please note ourclientisnot providing a mesured survey and does not warrant these floorareas. Limited Aldi Stores (Ireland) Tenant Accomodation (asper lease plan)* 11.10.2011 Start Lease 25 Term Years Lease 1,879 Sqm 10.10.2036 Lease End 20,226 Sq.ft. 10.10.2029 Break Date 12 months Notice Break 11.10.2021 Date Next RR subject to maxincrease of 4% CPI-compounded annually, RR Method €603,376 Rent p.a. Contracted SOUTH CENTRAL ROCKBROOK TENURE CONTACT Long leasehold title.

PROPOSAL Patricia Ward Guide price €10.75m which reflects a net initial yield of 5.1% assuming standard E: [email protected] purchasers’ costs of 9.96%. T: +353 1 676 6566 VAT The sale of the property subject to letting may be covered by Transfer of Business Ryan Tyrrell relief depending on the VAT status of the purchaser. In the event the conditions for E: [email protected] the application of Transfer of Business relief are not satisfied it is likely that the T: +353 1 611 0328 vendor will require that the purchaser agrees to enter into the Joint Option to Tax.

SOLICITOR

4-5 Dawson Street, Dublin 2, Joan Maclean D02 FH72 Partner T: + 353 1 676 6566 AMOSS Solicitors, www.twmproperty.ie Warrington House, Mount Street Crescent, Dublin 2, D02 R256 PSRA No: 001835 E: [email protected]

C1 Certificate and Advisory Report available on request.

TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and 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 himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency

SOUTH CENTRAL ROCKBROOK between these particulars and the contract of sale, the latter shall prevail. 5. VAT may be payable on the purchase price.