CONTENTS page Investment & Development Opportunity 04 Dublin’s Number 1 Suburban Location 09 Transport 12 Asset Overview 14 Income Summary 17 Multi-Family 18 The Boulevard Commercial 24 Development Site 28 The Multi-Family Market 32 Contacts & Further Information 34 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 INVESTMENT & DEVELOPMENT OPPORTUNITY Savills is pleased to present The Rockbrook Estate, offering investors an excellent opportunity to acquire a majority stake in a high profile development situated in Dublin’s No. 1 suburban location. This excellent scheme comprises two luxury multi-family blocks with a retail offering known as the Boulevard, basement car parking and an adjoining 1.13 hectare (2.8 acre) development site. In addition to what is built and income > FULLY OCCUPIED LUXURY MULTI-FAMILY DEVELOPMENT producing, The Rockbrook Estate > IMMEDIATE DEVELOPMENT OPPORTUNITY presents immediate development and asset management opportunities. > CONVENIENT RETAIL OFFERING > ASSET MANAGEMENT OPPORTUNITIES > APPROXIMATELY €4.3 MILLION GROSS ANNUAL INCOME For Sale by Private Treaty on the instruction of the Receiver, Pearse Farrell, Duff & Phelps. (Tenants not affected). > THE HIGHEST STANDARDS OF CONSTRUCTION > EXCELLENT AMENITIES > AMPLE PUBLIC TRANSPORT www.therockbrookestate.com > DUBLIN’S Nº1 SUBURBAN LOCATION 4 5 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 MULTI-FAMILY APARTMENTS THE BOULEVARD DEVELOPMENT SITE COMMERCIAL Grande Central 81 €1.27 million 1.13 hectares (2.8 acres) apartments Annual Gross Income 4,459 sq m (47,996 sq ft) of Commercial Accommodation Opportunity for South Central 189 €2.88 million €183,015 467 5,976 sq m apartments Annual Gross Income Annual Gross Income apartments (64,325 sq ft) of Retail Accommodation AERIAL VIEW A AERIAL VIEW B DEVELOPMENT SITE MULTI-FAMILY MULTI-FAMILY GRANDE CENTRAL GRANDE CENTRAL MULTI-FAMILY SOUTH CENTRAL MULTI-FAMILY SOUTH CENTRAL THE BOULEVARD COMMERCIAL THE BOULEVARD COMMERCIAL DEVELOPMENT SITE For illustrative purposes only For illustrative purposes only 6 7 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 3 DUBLIN’S No. 1 Donabate 4 SUBURBAN LOCATION The Rockbrook Estate is situated in the heart of and several Dublin Bus routes service the development. Sandyford, approximately 10 km south of Dublin City The M50 and N11 motorways are easily accessible and M2 M1 Centre. Sandyford has transformed into one of Dublin’s provide swift access to all Dublin regions and to the 3 most affluent suburban locations. south-east of the country. 2 Swords Malahide Sandyford is well established from both a residential and Sandyford is home to many high profile corporate 2 DUBLIN commercial perspective and the locality benefits from occupiers including Microsoft, Vodafone, Volkswagen, AIRPORT N2 Portmarnock an excellent range of amenities and transport links. The Tullow Oil, Bewleys, Salesforce, Service Source, D&B, 1 Green LUAS Line runs directly in front of the property AIB and Merrill Lynch. 4 3 4 M50 5 N32 N3 Coolock Santry Blanchardstown 2 Finglas 2 Beaumont Sutton Howth 6 N2 M50 AMENITIES Clontarf Drumcondra Nearby amenities for residents include: M50 Castleknock Port Tunnel N3 N1 N2 N4 3 DUBLIN 1 7 2 CITY CENTRE Lucan N4 Chapelizod N4 N1 Ballyfermot N81 Ballsbridge THE Crumlin Ranelagh N11 ROCKBROOK Clondalkin 1 Donnybrook ESTATE 9 Aldi - The Boulevard Leopardstown Racecourse and Golf Club N7 Walkinstown Milltown 10 Terenure Clonskeagh 2 N81 N31 Churchtown 3 Dundrum Blackrock Dun 11 Templeogue N11 Laoghaire Tallaght N81 Ratfarnham Stillorgan N82 Glenageary 12 Sandyford N31 13 14 Foxrock The Beacon Hotel M50 Leopardstown N11 Carrickmines Beacon South Quarter Retail 15 Stepaside The Park, Carrickmines 16 Cherrywood M11 Bewleys Hotel 17 Westwood Club Dundrum Town Centre 8 9 5 M50 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 LEOPARDSTOWN N11 RACECOURSE SOUTH COUNTY BUSINESS PARK M50 SANDYFORD THE GRANGE LUAS STOP CENTRAL BEWLEYS THE ATRIUM PARK HOTEL STILLORGAN LUAS STOP BLACKTHORN DRIVE THE ROCKBROOK ESTATE BEACON SOUTH QUARTER SENTINEL TOWER BLACKTHORN DRIVE LUAS STILLORGAN GREEN LINE BUSINESS PARK 10 11 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 TRANSPORT Best ways to get to The Rockbrook Estate: DUNDRUM TOWN KILMACUD CENTRE R113 Kilmacud Road Upper N11 ST. AUGUSTINES Stillorgan LUAS stop THE PARK ROCKBROOK STILLORGAN Drummartin Link Road ESTATE Benildus Avenue Stillorgan Road STILLORGAN Stillorgan Wood Blackthorn Drive Sandyford Road INDUSTRIAL PARK Brewery Road Carmanhall Road SANDYFORD Blackthorn Avenue Blackthorn Drive N11 Leopardstown Av. R117 R113 SANDYFORD Blackthorn Drive INDUSTRIAL ESTATE N31 SOUTH BRAY, WICKLOW FOXROCK & WEXFORD N31 GOLF CLUB LeopardstownRoad M50 CENTRAL PARK CENTRAL NORTH CORK, PARK GALWAY, BELFAST & DUBLIN AIRPORT Torquay Road LEOPARDSTOWN R113 PARK HOSPITAL Kilgobbin Road LEOPARDSTOWN HEIGHTS R113 12 THE GALLOPS 13 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 ASSET OVERVIEW The Rockbrook Estate was partially constructed in 2007 and incorporates an integrated Blackthorn Drive ROCKBROOK BOULEVARD ROCKBROOK BOULEVARD mixed use scheme. The development extends over a 3.1 hectare (7.7 acre) site comprising two complete residential blocks, known as Grande Central and South GRANDE SOUTH Central, ground floor retail accommodation, known as the Boulevard, and three levels CENTRAL CENTRAL of basement car parking. In addition to this, The Rockbrook Estate also incorporates a partially developed site to the rear, benefiting from frontage onto Carmanhall Road. ROCKBROOK BOULEVARD SITE LAYOUT Blackthorn Drive > MULTI-FAMILY APARTMENTS DEVELOPMENT SITE The Rockbrook Estate Multi-family comprises 419 apartments in total, 270 of which make up the subject sale. The units are spread over two separate blocks known as Grande Central and South Central and comprise a mix of stylish Carmanhall Road one, two and three bedroom apartments. For illustrative purposes only. > THE BOULEVARD COMMERCIAL The Boulevard at The Rockbrook Estate comprises of approximately 6,313 sq m (67,952 sq ft) of retail accommodation, of which 4,459 sq m (47,996 sq ft) make up the subject sale. The nine retail units are spread over two separate blocks known as Block A (Grande Central) and Block D (South Central). > DEVELOPMENT SITE The Development Site extends to approximately 1.13 hectares (2.8 acres) and offers the potential to accommodate a total of 467 apartments and 5,976 sq m (64,325 sq ft) of commercial accommodation under the current planning permission. Street view of Grande Central from Blackthorn Drive 14 15 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 INCOME SUMMARY The Rockbrook Estate currently produces an overall gross income of approximately MILLION €4.33 PER ANNUM The income streams can be analysed as follows: ELEMENT INCOME TOTAL MULTI-FAMILY €4.15 MILLION PER ANNUM 96% RETAIL €0.18 MILLION PER ANNUM 4% TOTAL €4.33 MILLION PER ANNUM 100% 96% 4% MULTI-FAMILY COMMERCIAL The total gross income from the The total gross income multi-family units currently stands BREAKDOWN from the commercial units at approximately €4.15 million currently stands at per annum with typical residential OF INCOME approximately €183,015 occupiers on 12 month tenancy per annum with immediate agreements. The residential scheme opportunities to increase is virtually fully occupied excluding the income through letting units currently held for inspections. of vacant accommodation. 16 17 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 RESIDENTIAL SCHEDULE OF ACCOMMODATION ONE BED TWO BED THREE BED BLOCK ONE BED LIVE /WORK TWO BED LIVE /WORK THREE BED LIVE /WORK TOTAL GRANDE 7 6 62 3 2 1 81 CENTRAL SOUTH 33 - 138 - 18 - 189 CENTRAL TOTAL 40 6 200 3 20 1 270 AVERAGE 54 82 77 103 103 116 SIZE (sq m) AVERAGE 581 881 824 1,105 1,111 1,249 SIZE (sq ft) % UNIT 14.8% 2.2% 74.1% 1.1% 7.4% 0.4% TYPE * Intending purchasers should satisfy themselves in relation to the accuracy of the floor areas. THREE BEDROOM ONE BEDROOM MULTI-FAMILY APARTMENTS 8% 17% BY UNIT DESCRIPTION 46 one bed TYPE 270 203 two bed RESIDENTIAL % UNITS 21 three bed 75 TWO BEDROOM The Rockbrook Estate comprises 419 residential units in total, 270 of which make up the subject multi-family investment opportunity. Grande Central and South Central comprise 9 and 10 cores respectively each of which benefit from a passager lift which services all levels including the multi-level basement. The residential blocks, which were constructed in 2007, are eight and ten storeys in height and comprise a mix of luxury one, two and three bedroom apartments. The development benefits from impressive courtyards and landscaped areas. The majority of the apartments contain their own balcony and have basement car parking. 18 19 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 Features and Specification > FULLY FURNISHED WITH QUALITY FINISHES THROUGHOUT > BRIGHT AND SPACIOUS LIVING ACCOMMODATION > LANDSCAPED CENTRAL COURTYARD > VIEWS OVER DUBLIN BAY & DUBLIN MOUNTAINS > MODULAR CONCRETE CONSTRUCTION > MODERN FULLY FITTED KITCHENS AND BATHROOMS IN ALL UNITS > LARGE BALCONIES / TERRACES > FLOOR TO CEILING DOUBLE GLAZED WINDOWS AND DOORS > SECURE UNDERGROUND CAR PARKING > INTERCOM ACCESS SYSTEM TO ENTRANCE DOORS > SECURE FOB ACCESS CONTROL SYSTEM TO EACH OF THE BLOCKS BER No: Available in the data room Energy Performance Indicator: Available in the data room 20 21 THE ROCKBROOK ESTATE SANDYFORD, DUBLIN 18 TENANCY The Rockbrook Estate multi-family is virtually 100% occupied and let under standard residential tenancy agreements typically for a 12 month period. The total gross residential income is currently approximately