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 M9 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.