Applewood Drynam

COLLECTION

For Sale in One Lot by Private Treaty (Tenants not Affected)

Two High Yielding Suburban Mixed Use Investment Opportunities Applewood Drynam & Applewood

Drynam Investment Summary

› The collection is being sold in one lot and in total COLLECTION comprises, 15 retail units, 5 café/restaurant/ takeaway units, 2 medical practices, 13 office suites, a public house/office-licence, a crèche, an ATM, 1x one bed apartment, 5x two bed apartments, 1x three bed apartment and 2x three/four bed houses

› 46 separate units extending to approx. 6,011 sq.m in total

› The collection is 73% occupied with a commercial WAULT of approx. 9 years

› Passing contracted income is approx. €705,000 per annum with significant potential to drive increased rent revenue through letting of vacant units and further refurbishment/asset management

› Applewood current contracted income is approximately €582,855 per annum A rare opportunity to › Drynam contracted income is approximately €122,156 per annum

purchase two income › Sale includes some 140 car parking spaces that also producing commercial have the potential to generate further future income › The locations offer strong transport links to village/neighbourhood Airport and Dublin City Centre with a growing centres in Swords and population and catchment › Guiding Excess €6,750,000 exclusive reflecting a , two heavily net initial yield of approximately 9.63% assuming standard purchaser’s costs of 8.46% (€104.39 populated and growing per sq.ft) North Dublin suburbs. 04 Aourne

oleown Applewood Location Village Donaae Applewood Fleenown ilallagan Located 12 kms north of Dublin city centre Swords is the largest town in Dublin and the second largest in the country with a population M2 M1 of 39,248 citizens according to the 2016 M3 PARKWAY Sword Census. Designated as a future city by County Council, this represented an increase alaide in population of 6.3% from 2011 compared to a growth rate of 5.8% for Dublin as a whole. It Drynam also has an extensive catchment population of approx. 139,000 with a 10 minute drive. S argare Drynam Square is located within the sizable DUBLIN ormarnoc AIRPORT inealy Dynam residential development in the popular Fig 1. (Source: SCSI, 2016) N2 suburb of Kinsealy between Swords (3 kms) and M3 (5kms). Situated minutes from the lively towns of Swords and Malahide, and close DART to the stunning shorelines of Dublin Airport Passenger Numbers 2013-2016 lancardown and , the location offers residents all conceivable amenities within a short distance. N3 The immediate location also continues to grow M50 M50 with the on-going development for the new Cooloc housing development Muileann immediately HOWTH adjacent. ow Both locations benefit from superb proximity ucan BULL to Dublin Airport (5kms), the M1 (2kms) and ISLAND the M50 (6.5kms). N4 PHOENIX Due to its proximity to Dublin Airport, its M4 PARK direct access to the M1 motorway on the CONNOLLY DOCKLANDS Dublin-Belfast economic corridor and being HEUSTON one of the few locations in Dublin with 2013 2014 2015 2016 allyermo significant development land potential for new Dublin housing construction, the area is of strategic (Source: CSO) importance in public policy. The long-term allridge population envisaged in the Regional Planning Clondalin Dublin Bay Guidelines for Swords is circa 100,000 people starting in 2026/27. Swords will have four of with the latest Fingal Development Plan has the 14 stops on the line and will bring travel identified 514 hectares of land which have DART time from Swords to St. Stephen’s Green to the capacity to supply 15,828 units during 26 minutes. Meanwhile, up to €30 million will N7 the lifetime of the development plan to 2023. be spent on a new civic and cultural quarter TYMON erenure (See Fig. 1) PARK in Swords. Due for completion in 2020, the Dn aogaire The commercial core of Applewood Village injection of money in the town around Swords in particular is very well positioned to take Castle will help boost the retail attractiveness advantage of any future population growth of Swords also. with the majority of zoned lands located just N81 The area’s major employer with over 3,000 M50 to the West of the development and perfectly MARLAY staff is Dublin Airport Authority, with this PARK positioned to service the locale. number set increase due to the Airport’s N11 The central piece of infrastructure that will rapid growth in passenger numbers. Last year, facilitate this is Metro North, a €2.4 billion passenger numbers reached 27.9 million, up ocroo investment which will link Swords by rail by 11% on 2015 making it the fastest growing with the City Centre via Dublin Airport, with major airport in Europe, driven by the launch the Government recently confirming that of 19 new routes and increased capacity on 31 Carricmine construction will start in 2021 with the service existing services.

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WICKLOW MOUNTAINS NATIONAL PARK Applewood 06 Drynam &

Applewood

Applewood Village is an award winning residential and commercial scheme comprising some 36 acres just to the north fringe of Swords. The development was designed by CCK Architects and developed by Gannon Homes from 1999 - 2005. The overall development comprise of some 783 residential units and approx. 14,000 sq.m. of commercial accommodation. The commercial properties for sale are located on and adjacent to Main Street, the central commercial core of the entire development.

The units are set out at ground, 1st and 2nd floor levels and benefit from ample dedicated on street and surface car parking (140 car spaces). There is a wide range of units typically ranging from 55 sq.m. to 200 sq.m. for ground floor retail/restaurant/café units and 25 sq.m - 200 sq.m for upper floor office suites. There is a wide and varied mix of uses to include supermarket, public house, restaurants, cafes, bookmaker, off licence, beautician, medical surgery and offices. The Applewood assets comprises approximately 4,629.27 sq.m in total. Applewood 08 Drynam &

Drynam Square

The development in sale consists of a creche and two retail units at ground floor with 7 apartments (1x one bed apartment, 5x two bed apartments, 1x three bed apartment) at upper floor levels, a medical suite and 2 adjoining 3/4 bed houses. On street parking available directly outside the block and the houses have a dedicated car port each.

The apartments enjoy a sunny southerly aspect with balconies overlooking a central green/playground. Internally the apartments are plastered and painted and fully fitted with tiled bathrooms, kitchens with electric oven, cooker hob and extractor fan, gas fired central heating and laminate timber floor and carpets. The property was developed circa 2005. The retail units are presented with vacant possession and are finished to shell and core ready for tenant fit-out.

Drynam Square comprises a mixed use block in the heart of the Drynam Hall housing estate. Applewood 10 Drynam & Applewood RETAIL Floor Plans PUBLIC HOUSE & OFF LICENCE

All plans for identification purposes only (not to scale).

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No. 1-2 Applewood Green I Applewood Tavern No. 68 Main Street I Boyle Sports No. 3 Applewood Green I Taste One No. 69 Main Street I Butchers No. 4 Applewood Green I Shagun Spice No. 70 Main Street I Off Licence No. 5 Applewood Green I Look Mam No Hands Café No. 71 Main Street I Applewood Veterinary Clinic No. 7 Applewood Green I Pharmacy No. 73 Main Street I Ann’s Sewing Studio No. 60 Main Street I Dora’s Takeaway No. 75 Main Street I Under Offer No. 61 Main Street I Under Offer No. 77 Main Street I Boulangerie Café No. 63 Main Street I Dry Cleaner No. 79 Main Street I Vacant No. 65 Main Street I Mane Hair Salon No. 81 Main Street I Jule Beauty No. 67 Main Street I Netto Supermarket Applewood 12 Drynam & Applewood PUBLIC HOUSE & OFF LICENCE Floor Plans OFFICE MEDICAL All plans for identification purposes only (not to scale).

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No. 1-2 Applewood Green I Applewood Tavern No. 62 Main Street I Unit 6b - Under Offer No. 60 Main Street I Unit 14 - Vacant No. 68 Main Street I Unit 11 - Vacant No. 3 Applewood Green I Rathowen Contractors No. 68 Main Street I Unit 5 - Vacant No. 62 Main Street I Unit 13 - Vacant No. 70 Main Street I Unit 10 - Vacant No. 6 Applewood Green I Primecare No. 70 Main Street I Unit 4 - Vacant No. 62 Main Street I Unit 12 - Vacant No. 70 Main Street I Unit 9 - Vacant No. 60 Main Street I Unit 8 - Kid Club No. 81 Main Street I Maceo Design No. 62 Main Street I Unit 7 - Tracy Tolan Applewood 14 Drynam & Drynam FIRST FLOOR Floor Plans DROO DROO

DROO DROO All plans for identification purposes only (not to scale).

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ROO 1. No. 1 Drynam Drive I 4 Bed House 6. No. 9 Drynam Square I 3 Bed Apartment 11. No. 12 Drynam Square I 1 Bed Apartment T 9 2. No.2 Drynam Walk I 4 Bed House 7. No. 10 Drynam Square I 2 Bed Apartment 12. No. 15 Drynam Square I 2 Bed Apartment 3. No. 8 Drynam Square I Retail 8. No. 14 Drynam Square I 2 Bed Apartment 13. No. 16 Drynam Square I 2 Bed Apartment 4. No. 13 Drynam Square I Creche 9. No. 18 Drynam Square I Medical 5. No. 17 Drynam Square I Retail 10. No. 11 Drynam Square I 3 Bed Apartment Applewood 16 Drynam & Accommodation & Tenancy Summary

APPLEWOOD DRYNAM

Approx. Approx. Approx. Approx. Address Floor Unit Type Tenant Start End Break Address Floor Unit Type Tenant Start End Break Area Sq.M Area Sq.Ft Area Sq.M Area Sq.Ft

61 Main Street Ground Retail 104.65 1,126 Under Offer - - - Unit 18 Drynam Square First/Second Medical 120 1,292 Medical Surgery 01/10/2013 30/06/2018 30/06/2018

63 Main Street Ground Retail 104.01 1,120 Dry Cleaners 17/02/2003 16/02/2028 16/02/2028 Unit 8 Drynam Square Ground Retail 124 1,335 Vacant - - -

65 Main Street Ground Retail 104.10 1,121 Mane Hair Salon 01/01/2013 01/01/2023 01/01/2018 Unit 17 Drynam Square Ground Retail 110 1,184 Vacant - - -

67 Main Street Ground Retail 104.90 1,129 Netto Supermarket 01/01/2013 31/12/2022 31/12/2022 Unit 13 Drynam Square Ground Crèche 219 2,357 Nest Childcare & Montessori 19/02/2008 18/02/2033 18/02/2018

69 Main Street Ground Retail 104.43 1,124 Butchers 01/11/2017 31/10/2027 31/10/2027 9 Drynam Square First 3 Bed Apartment 112 1206 Private 17/04/2015 16/04/2018 -

71 Main Street Ground Retail 104.16 1,121 Applewood Veterinary Clinic 19/03/2015 18/03/2025 18/03/2018 10 Drynam Square First 2 Bed Apartment 65 700 Private 13/06/2014 13/06/2018 -

73 Main Street Ground Retail 50.03 539 Ann's Sewing Studio 06/02/2014 05/10/2018 05/10/2018 14 Drynam Square First 2 Bed Apartment 86 926 Vacant - - -

75 Main Street Ground Retail 52.28 563 Under Offer - - - 11 Drynam Square Second 3 Bed Apartment 107 1,152 Private 04/10/2010 03/10/2017 -

77 Main Street Ground Retail 50.63 545 La Boulangerie Café 20/05/2003 19/05/2028 19/05/2028 12 Drynam Square Second 1 Bed Apartment 61 657 Private 28/04/2017 27/04/2018 -

79 Main Street Ground Retail 58.42 629 Vacant - - - 15 Drynam Square Second 2 Bed Apartment 82 883 Private 01/04/2012 31/03/2018 -

81 Main Street Ground Retail 209.20 2,252 Jule Beauty Ltd 12/06/2007 11/06/2032 11/06/2032 16 Drynam Square Second 2 Bed Apartment 60 646 Private 30/05/2012 29/05/2018 -

81 Main Street First Office 228.65 2,461 Maceo Design 01/02/2017 31/01/2027 01/02/2023 1 Drynam Drive Ground 4 Bedroom House 116 1,249 Vacant - - -

81 Main Street Second Office 225.12 2,423 Bluebird Care 01/07/2002 30/06/2027 30/06/2027 2 Drynam Walk Ground 4 Bedroom House 116 1,249 Vacant - - - 60 Main Street Ground Retail 114.17 1,229 Dora's Takeaway 24/10/2013 23/10/2043 23/10/2043 TOTAL SIZE 1,378.02 14,833 Unit 8 First Office 118.30 1,273 Kids Club 08/07/2016 07/07/2021 07/07/2021 60 Main Street TOTAL RENT €122,156 Unit 14 Second Office 118.30 1,273 Vacant - - -

Unit 7 First Offices 77.56 835 Tracy Tolan 16/10/2003 15/10/2028 15/10/2028 GRAND TOTAL SIZE 6,007.29 64,662

Unit 6b First Office 112.78 1,214 Under Offer - - - GRAND TOTAL RENT €705,011 62 Main Street Unit 13 Second Office 77.30 832 Vacant - - - Retail Areas have been provided on a Net Internal Area (NIA) basis. Unit 12 Second Office 113.15 1,218 Vacant - - - Office/Public House/Creche/Residenital/Medical Units have been provided on a Gross Internal Area (GIA) basis. Parties a specifically directed to confrim and satifiy themselves as to the accuracy of the information provided. 68 Main Street Ground Retail 78.93 850 Boyle Bookmakers Ltd 01/09/2002 31/08/2027 31/08/2027 Unit 5 First Office 73.28 789 Vacant - - - Block 5 68 Main Street Unit 11 Second Office 73.28 789 Vacant - - - Block 5 Unit 4 First Office 89.52 964 Vacant - - - Portfolio Statistics Block 5 Unit 10 70 Main Street Second Office 89.52 964 Vacant - - - Block 5 Office Income Vacant Retail Vacant Residential Residential Unit 9 Second Office 132.65 1,428 Vacant - - - (8.79%) (7.48%) (5.34%) Total Residential Total Retail Income Ground/ Bar/Off Licence (13.40%) (29.81%) (13.07%) 1-2 Applewood Green 1,127.67 12,138 Applewood Tavern Ltd 12/11/2001 11/11/2026 11/11/2026 First & Restaurant Ground Retail 75.31 811 Taste One Chinese Restaurant 01/10/2012 30/09/2027 30/09/2027 3 Applewood Green First Office 95.31 1,026 Rathowen Contractors 13/10/2003 12/10/2023 12/10/2018 Vacant Office (14.65%) % 4 Applewood Green Ground Retail 64.33 692 Shagun Spice 01/05/2014 30/04/2034 30/04/2034 % % Accommodation acancy Use vs 5 Applewood Green Ground Retail 79.56 856 Look Mam No Hands Café 07/01/2014 07/10/2018 07/10/2018 Income by Use by Use ccupied Space 6 Applewood Green First Medical 313.19 3,371 Primacare 01/07/2002 30/06/2027 30/06/2027

7 Applewood Green Ground Retail 97.86 1,053 Pharmacy 15/01/2003 14/01/2028 14/01/2028

ATM Unit Ground Other 6.76 73 AIB 01/01/2015 31/12/2025 31/12/2020 Total Office (27.05%) TOTAL SIZE 4,629.27 49,829 Total Other Other Income Retail Income Occupied Space (29.74%) (32.56%) (45.58%) (72.53%) TOTAL RENT €582,855

APPROX. COMMERCIAL WAULT - 9 YEARS Title Selling Agent Freehold and Long leasehold.

Viewing Strictly by appointment through sole agent Knight Frank.

Guide Price 20/21 Pembroke Street Upper Excess €6,750,000 exclusive. Dublin 2 VAT 01 6342466 A VAT note will be available in the Data Room for www.knightfrank.ie examination but all parties are advised to obtain independent VAT advice. Ross Fogarty [email protected] Website & Data Room Further information is available at Shaun Collins www.applewoodanddrynam.com. A data room containing [email protected] legal and commercial documentation will be provided. James Meagher Access to the data room is restricted and will be granted by [email protected] Knight Frank subject to agreement to the Data Room Terms & Conditions and subject to verification of information. Legal BER Rating Smith Foy & Partners Full details on request. 59 Fitzwilliam Square Dublin 2

www.applewoodanddrynam.com

DISCLAIMER: These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. These particulars do not constitute, nor constitute any part of an offer or contract. All statements, descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only and are made without responsibility on the part of HT Meagher O'Reilly trading as Knight Frank or the vendor/ landlord. None of the statements contained in these particulars, as to the property are to be relied upon as statements or representations of fact and any intending purchaser/ tenant should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/tenant shall be liable for any VAT arising on the transaction. The vendor/landlord do not make or give, and neither HT Meagher O’Reilly trading as Knight Frank or any of their employees has any authority to make or give any representation or warranty whatsoever in respect of this property. Knight Frank is a registered business name of HT Meagher O’Reilly Unlimited. Company licence Reg. No. 385044. PSR Reg. No. 001266.