24 SUITES IN THE CLAYTON HOTEL CARDIFF LANE SIR JOHN ROGERSON’S QUAY DUBLIN 2 INVESTMENT OPPORTUNITY 24 SUITES IN THE CLAYTON HOTEL INVESTMENT HIGHLIGHTS • Opportunity to acquire the long leasehold interest in 24 suites comprising 62 bedrooms in the 4 star Clayton Hotel Cardiff Lane. • Rental income of €467,200 per annum. • All leases are F.R.I. with no break options and upward only rent reviews (next review in January 2018). The leases have a WAULT of approximately 24 years. • The income is secured by a proven tenant covenant from Hanford Commercial Limited, a subsidiary of Dalata Hotel Group plc and is underpinned by a highly profitable hotel operation. • The entire 304 bedroom hotel occupies a prime position in the heart of Dublin’s South Docks allowing it to benefit from both strong corporate and leisure business. • Opportunity to significantly increase the rental income through review. CARDIFF LANE SIR JOHN ROGERSON’S QUAY DUBLIN 2 2 1SJRQ 1WML SPENCER DOCK AN POST DUBLIN SITE LANDINGS HANOVER PLAZA BOLAND’S MILLS 4 8 R CONNOLLY O STATION Y A L G S A E C R VI D L A SHERIF LE P I F STRE N ET LOW ER N E L R ST A T HARBO C A E URMASTE E D E R P L R R LACE A T E DISTANCE TOLL S TRANSPORT LINKS E E T LO T RO N S R CONNOLLY A A 3 DOCKLANDS STATION E P W Mayor Square Luas Stop M 7 min E A R R BUSARAS S L HERRIFF ST B REET Spencer Dock Luas Stop 8 min O O ROU 7 ’C DUBLIN O Docklands Train Station 8 minNN G MA MAYOR SQUARE H S YOR S T LOWER E L T L BUSARAS 1 MAY SPENCER DOCK J O Pearse Street DART Station S R ST U 10 min PPE D E R T A R VI 2 DOCKLANDS IFSC D S ST Tara Street DART Station ABBEY STREET A 10 min S RO E R B E L RO R E CONVENTION POINT VILLAGE L O Grand CanalT Dock DART C A 11 min AY USTOM HO DUBLIN BIKES F C EN QU USE QUAY ED CENTRE D UBLIN LE A T W S PE ST DUBLIN A Busaras A N E L ST JERVIS STREET 13 min ORTH W RI ALL C AY V ER QUAY PORT LK ES QU T LI FF R A E 3 AR ENA FOUR COURTS GEORG E Y SAMUE DUBLIN BIKES E S W E G L OR EORGE E Connolly Station L 14 min R 5 TARA STREET S QUAY BECKET T HE T T AC D B T BR THE DUBLIN ’O IDG E E A S Y T L E A T U I R E CI E R TY E R S A QUA N Q T Y T O R ST D S A T N R S S S DOCKLANDS A E T N ST L E E T TOW O E NE SE E ND STREET O M T T R R ET STREE SIR J FLE ST OH GH N RO T MO I GERSO T E NS Q SA L D U UNDERWENT S A ME Z AY S S R ER L PE I A E N P A E E L RS N C A E ST B D R W D H T R T A R N R E W OV R E S ER S L T TR TEMPLE BAR EE O A HO I I T E A T A RSE F A ST F N S G AI H ST R ME SUBSTANTIAL O T E R E AS S E M N E R ISERY H N R E W IL E T L GR Y Y EEN S OR T E B T E K RO S E RE A DAME ST T LO AST AD T U H D ST AN REDEVELOPMENT T LO E OVER Q R Q UA N Y T W L A E S A E TRINIT Y B E A N E R M N R F L R COLLEGE A E F T O I L S 4 SINCE THE TURN D SA S D C R E GRAND CANAL DOCK A N N G PEARSE STREET PE EXCHEQUE ARS C A R D E ST R STRE ET REET DUBLIN BIKES R O W G E I T OF THE CENTURY. G N AS R H S SAU ST E T P E R P EE T E T U R P T U OLN LA P R NC CE PE ING I T S L E S END R N ST E Y R N OA E D O F A AD EN R GE RO T I R T A ID N S U BR T E F R T E EET A E T L Q R R N S E T MO G A E LE E E S W N K R E ORT S D N ST T A C O R H C S E K ST T C ST T O A R The epicentre of this development has been E EET S R M D LEINSTER T W R K S W N C A S S A I I RO E ST D V R R HOUSE LE R R T L G the south docks and Grand Canal basin A G A E A O O B D R P H T L E D R I O E F D K E N ST R N A where the Clayton Hotel is located. R MERRION IA R DODDE N ST E PE N ST ET P SQUARE A R 6 GRAND CANAL DOCK S RO STEPHEN’S GREEN T EE T T T T T U M A E O R O U L E N G R T S S T RE E The immediate vicinity is a new urban quarter N ST E N T LO R O F A I IT W R ZW ER E L BA R I ST E LL comprising modern office blocks, high quality GG IA OV L KEVI OT ST M M L L N ST STEPHEN’S A A R RE N R EET ET LO E N GREEN PE M residential developments, retail units, hotels, bars and WE P O A CUFFE STREET R UN C T U T ST E NUE E RE D BATH AVE restaurants. In addition, this is now one of the city’s R E T U N PPE A M ST R A I R primary cultural and entertainment areas with the Bord L L I G R E W Z B E W T A C E Gáis Energy Theatre, The Convention Centre Dublin, I GG A C F L A O T P L N T LO T ST R E Y P AD O AVIVA S TADIUM E H BE R R R R RC Aviva Stadium and 3Arena all close by. A N RO T L E E TO H RC E E HE P G E E ST T LO IN U S D M O K O AD H BE U N ST W R E BRO R R T S M L R A E E T N E P The South Docks is established as the preferred high D T R quality office district for international corporate D E C A occupiers to base their EMEA headquarters in L M P A I L Ireland, some of which include Accenture, BNY L I E D W C A Z A T R L RO I ER PI Mellon, Facebook, Google, HSBC and State Street. F ES ON T M ILT R ROAD W There are also a number of the larger law firms such SOUTH CIRCULA as Beauchamps, Matheson, McCann FitzGerald and William Fry clustered in the area. 36 WHY INVEST IN DUBLIN? Only English speaking 2016 country in the Eurozone DEVELOPMENT IN which, coupled with 12.5% corporate tax rate, attracts THE DOCKLANDS significant Foreign Direct The Docklands is a premier business location. The south docks is the most sought after office location Fastest growing GDP growth in Unemployment rate has Investment (FDI), with an extremely low vacancy rate and four major office developments are currently under construction economy in the excess of 4.8% declined from 15.1% in totaling in excess of 650,000 sq.ft. The Clayton Cardiff lane is well positioned to capitalise on the planned OECD for the last anticipated in 2012 to 7.9% in 2016 particularly to Dublin development of the An Post site and possible redevelopment of 30 -32 Sir John Rodgersons Quay, with two years 2016 both sites adjacent to the Hotel. DUBLIN HOTEL PERFORMANCE: • Second highest occupancy in Europe in 2015 second only to London • ADR of €112 ranking Dublin 15th in Europe for ADR • Docklands hotels recorded 24% RevPAR growth YTD May 2016 • Limited new Hotel supply pipeline 8 TENANCY Surveyed 1974 716992 717225 Revised 2014 Urban PLACE Map The occupational tenant at the Clayton Hotel Cardiff Lane is Hanford Levelled 1977 734304 734304 Commercial Limited a subsidiary of Dalata Hotel Group plc. This investment FLOORWarehouse PLANS opportunity is let under two lease types. 0.29 717108,734218 0.20 Admiral Brown Walk 0.94 24 Suites (62 bedrooms) have individual leases to Hanford Commercial Limited.