I NDEP ENDENT HOUSEB R E T T C O U R T

TALBOT STREET,JAMES JOYCE STREET& FOLEY STREET

FOR SALE BY PRIVATE TREATY

See inside for details

T E N A N T S N O T A F F E C T E D

Mixed Use City CentreInvestment Opportunity

DUBLIN 1, IRELAND

The property occupiesa prominent corner sitewith extensive frontageto high-footfall streets

“

“

ACCO

MMOD

ATIO

NSC

HEDU

LE

22

FLOO

R PL

ANS

14

THE P

ROPE

RTY

08

LOCA

TION

& TR

ANSP

ORT

04

KEY

INVE

STME

NTHI

GHLIG

HTS

02

KEY INVESTMENT HIGHLIGHTS OPPORTUNITY TO ACQUIRE A MIXED USE INVESTMENT PROPERTY IN THE HEART OF THE CITY CENTRE

€1,479,052

100% 90%

8 YEARSWAULT

C O M M E R C I A LS P A C E O C C U P I E D

R E S I D E N T I A L O C C U P I E D

5,693.26 SQ M (61,282 SQ FT)

APPROX. Headquarter building which comprises a 6 storey over basement mixed-use property with 26 car spaces

Current income p.a.

Let to two excellent tenants; Independent News Media & Kanes Supermarket (t/a SuperValu)

Long income opportunity

Located in close proximity to Dublin’s transport hubs at Connolly Station, Busaras & Luas Red Line and Cross City

32

R E D L U A S

D A RT

C O N N O L LY S TAT I O N

B U SÁR A S

I F S C

L U A SC R O S S C I T Y

In the heart of Dublin North City Centre

LOCATION& TRANSPORT

The subject property occupies a high-profile and prominent corner site with extensive frontages on to Talbot Street, James Joyce Street and Foley Street in the heart of Dublin’s north city centre.

Talbot Street is a busy vehicular and pedestrian thoroughfare connecting Amiens Street with North Earl Street, O’Connell Street and Henry Street. The street is predominantly commercial in nature with a mix of retail, office and restaurant uses. Neighbouring occupiers include Irish Water, Irish Life Centre & Wells Fargo.

The property enjoys unparalleled transportation links with Luas Red Line stops, DART and mainline rail stations and numerous Dublin Bus routes located in the immediate area. Connolly Station and Busaras bus terminus are adjacent, while the Luas Cross City project, which is due to be operational by the end of 2017 will further enhance the area, with new stops at Marlborough Street and O’Connell Street Lower.

The renowned International Financial Services Centre (IFSC) office district, is situated approx. 200 metres east of the property. The prime retail destinations of O’Connell & Henry Street are 550 metres west of the property.

54

N

S

EW

HE

RB

ER

T P

AR

K C H A R L E S T O N R D

RA

TH

MI

NE

S

RD

L

OW

ER

SA

ND

FO

RD

RD

K E N I L W O R T H

RA

TH

GA

R

RD

T E R E N U R E R D

M I L L T O W N R D

H I G H F I E L D R D

AP

PI A

N W

A Y

M E S P I L R D

H A D D I N G T O N R D

KI

LD

AR

E

ST

GR

AF

TO

N

ST

WI

LL

IA

M

ST

ME

RR

IO

N

SQ

FI

TZ

WI

LL

IA

M

PL

B A T H A V E

M O U N T S T L O W E R

P E M B R O K E R D

SH

EL

BO

UR

NE

R

D

NO

RT

HU

MB

ER

LA

ND

R

D

HE

YT

ES

BU

RY

S

T

PA

TR

IC

K

ST

D A M E S T

P A R N E L L S T

J E R V I S S T

A B B E Y S T

H E Y T E S B U R Y

P E A R S E S T

R I N G S E N D R D

S I R J O H N R O G E R S O N ' S Q U A Y

S H E R I F F S T R E E T U P P E R

C I T Y Q U A Y

BE

AC

H R

D

O'C

ON

NE

LL

ST

CA

PE

L S

T

H E N R Y S T

T A L B O T S T

T

RI

TO

NV

IL

LE

R

D

A I L E S B U R Y R D

W O O D B I N E R D

ME

RR

I ON

RO

AD

BE

AV

ER

R

OW

E G L I N T O N R D

GE

OR

GE

S

T

Dawson

Westmoreland

O ’ ConnellUpper

Marlborough

Trinity

St . Stephen's Green

O ’ ConnellG P O

Harcourt

Charlemont

Ranelagh

Beechwood

Cowper

Milltown

Tara Street

Connol ly

Docklands

Pearse

Grand C anal Dock

Lansdowne Road

Sydney Parade

T E M P L EB A R

S A N D Y M O U N T

G R A N DC A N A L D O C K

B A L L S B R I D G E

C L O N S K E A G H

S T H E L E N S

R A T H M I N E S

D A R T R Y

R A N E L A G H

H A R O L D ’ S C R O S S

P O I N T V I L L A G E

D U B L I NP O R T

R I V E R L I F F E Y

D U B L I NB A Y

D O N N Y B R O O K

AV I VAS TA D I U M

D U B L I NC A S T L E

C H R I S TC H U R C H

C AT H E D R A L

S A M U E LB EC K E T T

B R I D G E

T H EC U S T O MH O U S E

G R A N DC A N A L

T H E N AT I O N A L C O N C E R T H A L L

3 A R E N A

I F S C

C O N V E N T I O NC E N T R E

D U B L I NT U N N E L

T R I N I T YC O L L EG E

F I T Z W I L L I A MS Q UA R E

M E R R I O NS Q UA R E

R I N G S E N DPA R K

M I L LT OW NPA R K

E L M PA R KG O L F & S P O R T S

C L U B

S T S T E P H E N ' S G R E E N

I V E AG HG A R D E N S

SmithfieldFour Courts

Jervis

Abbey Street

George's DockMayor Square

Spencer Dock The Point

Busáras

Connolly

LUAS RED LINE On your doorstep

LUAS GREEN LINE 15 minute walk

LUAS CROSS CITY 2 min walk (O’Connell Street)

DART & IRISH RAIL 4 minute walk

DUBLIN BUS On your doorstep

INTERCITY/ REGIONAL BUS 4 minute walk (Busáras)

DUBLIN BIKES 2 minute walk (Talbot Street)

DUBLIN TAXI On your doorstep

SWIFTWAY 2 min walk (O’Connell Street)

AIRCOACH 2 min walk (O’Connell Street)

PORT TUNNEL 9 min drive (3km)

IRISH LIFE MALL CAR PARK On site

LUAS RED LINE On your doorstep

LUAS GREEN LINE 15 minute walk

LUAS CROSS CITY 2 min walk (O’Connell Street)

DART & IRISH RAIL 5 minute walk

DUBLIN BUS On your doorstep

INTERCITY/ REGIONAL BUS 4 minute walk (Bus Aras)

DUBLIN BIKES 2 minute walk (Talbot Street)

DUBLIN TAXI On your doorstep

SWIFTWAY 2 min walk (O’Connell Street)

AIRCOACH / AIRLINK 2 min walk (O’Connell Street)

PORT TUNNEL 8 min drive (3km)

CAR PARK 2 min walk

Easy access

76

THE PROPERTY COMPRISES A SIX STOREY OVER BASEMENT CORNER SITE MIXED USE PROPERTY WHICH CONSISTS OF OFFICE, RETAIL AND RESIDENTIAL USE, LOCATED ON A CORNER SITE THE PROPERTY

INDEPENDENT HOUSE

INDEPENDENT HOUSE is a mixed-use property compromising of office & retail which fronts onto Talbot Street & James Joyce Street and extends to a net internal area of approx. 5,123.69 sq m (55,151 sq ft). The property has a glazed finish on the corner of the property which allows natural light into the atrium which contains the reception of Independent News Media. The ground floor is fitted with polished stone and there is a red brick façade to the upper floors.

Internally the office element of the property is open plan with raised access floors and suspended ceiling. Each floor is fitted out with a tea station or canteen for staff along with WC facilities and a shower. There is a wraparound balcony on the fifth floor and there is also access to a balcony on the fourth floor. The retail unit is fitted out to a high standard by the tenant and has been recently refurbished to include café to the front of the property.

Ground floor corner retail unit fronting onto Talbot Street & James Joyce Street is held under separate ownership

➢➢➢➢➢➢➢

Raised access floors

Suspended ceilings

3x Schindler 10 person lifts

Comms room with fire suppression system

Cat 2 recessed lighting

Mechanical air con (VRF)

Cat 5 cabling

O F F I C E S P E C I F I C A T O N

98

BRETT COURT

BRETT COURT is a residential scheme which fronts onto Foley Street and comprises of 11 apartments extending to an overall area of approx. 569.6 sq m (6,131 sq ft). The penthouse No. 11 is held in separate ownership, the remaining 10 apartments are included in the sale. Externally the property comprises of polished

stone on the ground floor and red brick façade on the first floor onwards. Internally the units are fitted out with wood flooring in the halls and kitchen with carpet in the bedrooms. The properties are gas heated and one of the bedrooms benefits from access to a balcony. Each floor plate contains one x 1 bed & one x 2 bed.

➢➢➢➢

Common area refurbished in 2016

8 person double sided Schindler lift

Gas heating

Each floor contains one 1 bed & one 2 bed apartment

S P E C I F I C A T I O N

1110

A breath-taking rooftop view of Dublin’s skyline

1312

Independent House Floor Plans

Coffee Shop

INM OfficeEntrance

StaffToilets

StaffToilets

Canteen

Sub-Station AreaStorage Area

Refrid

geratio

n

Stroag

e Area

Foley StreetApartmentEntrance

Office

CustomerToilets

3rd PartyOwned

Premises

Lifts

Toilets ToiletsCanteen

LiftsTraining Room

Flat Roof

Server Room(no access)

Sto

rag

e

GROUND FLOOR FIRST FLOORFor Identification Purposes Only (Not to Scale)

1514

Toilets Toilets

Studio

StudioControlRoom

Lifts

Sto

rag

e

Toilets Toilets

Lifts

Canteen

Balcony

Sto

rag

e

SECOND FLOOR THIRD FLOOR

1716

Toilets Toilets

Board Room

ServerRoom

Lifts

Sto

rag

e

Balcony

Balcony

Balco

ny

ToiletsToilets

Lifts

Sto

rag

e

Balcony

Balcony

Balcony

Canteen

FOURTH FLOOR FIFTH FLOOR

1918

Brett Court Floor Plans

FIRST FLOOR

BalconyBalcony

Balcony

Bedroom 1

Bedroom 1

APARTMENT 2

Bedroom 2

Bathroom

Bathroom

Kitchen /Living Room

APARTMENT 1

Kitchen /Living Room

Common Area

Hallway

EnsuiteServiceShaft

Lift

BalconyBalcony

Balcony

Bedroom 1

Bedroom 1 Bedroom 2

Bathroom

Bathroom

APARTMENT 4

Kitchen /Living Room

APARTMENT 3

Kitchen /Living Room

Common Area

Hallway

EnsuiteServiceShaft

Lift

SECOND FLOORThe 3rd, 4th & 5th floor plates are similar.

2120

INDEPENDENT NEWS MEDIAINM is the leading newspaper and online publisher on the island of Ireland, is vertically integrated with print and distribution assets, and is the largest wholesale distributor of newspapers and magazines on the island. The Company is headquartered in Dublin, Ireland and its shares are quoted on the Irish and London Stock Exchanges. As per the half year financial results ending 30th June 2017 INM has accumulated profits before tax of €14.9m, net assets of €80.1m, cash of €95.7m & total revenue of €148.1m.

THE KANE/MCCARTNEY GROUP Kane & McCartney Group are a retailing entity which have 5 SuperValu stores under their control and which operate throughout Dublin. SuperValu is currently Ireland’s most popular supermarket with a market share of 22.1%.*

The approximate areas set out below are measured net internal as per the the measurement survey carried out by ORS.

The approximate areas set out below are measured gross internal as per the the measurement survey carried out by ORS.

Retail:SparPaddy PowerIceland ChoppedThe North Star Hotel

Office:Irish WaterDanske BankRDJKPMGWells FargoJP MorganZurichSusquehanna Deutsche Bank

Accommodation Schedule Occupiers

BRETT COURT

INDEPENDENT HOUSE

OCCUPIERS IN THE AREA

DESCRIPTION TENANT NAME LEASE START YEARSEXPIRY OR

BREAKDATE/ YRS. TO

RR CYCLENEXT

RENT REVIEW/ YRS. TO

AREA SIZE SQ M SIZE SQ FT CARSCURRENT RENT PA

Part GF and Entire 1st-5th Floors

Independent Newspapers

(Ireland) Ltd27-Sep-04 25 27-Sep-24 5 UORR 27-Sep-19

BasementGround

FirstSecond

ThirdFourth

FifthTotal

71.99130.87926.91 926.91910.76 754.6

505.224227.26

7751,4099,9779,977

9,8038,1225,438

45,501

20 €1,044,452

Part Ground Floor & Basement

Kanes Supermarket

(Talbot Street) Limited

15-Dec-04 25 14-Dec-29 5 UORR 15-Dec-19 Ground 896.43 9,649 €275,000

Car Spaces

Various 31-Mar-17 1 31-Mar-18 Basement 6 €7,200

TOTAL €1,326,652

FLOOR NUMBER TYPE NEW LEASE AREA SQ M AREA SQ FT GROSS RENT

1st Apartment 1 1 bed 02/12/2016 44.3 477 €1,400

1st Apartment 2 2 bed TBC 69.62 749 €1,000

2nd Apartment 3 1 bed 13/04/2017 44.3 477 €1,400

2nd Apartment 4 2 bed 01/06/2017 69.62 749 €1,750

3rd Apartment 5 1 bed 11/04/2017 44.3 477 €1,400

3rd Apartment 6 2 bed 01/05/2017 69.62 749 €1,600

4th Apartment 7 1 bed 29/03/2017 44.3 477 €1,200

4th Apartment 8 2 bed 04/05/2017 69.62 749 €1,750

5th Apartment 9 1 bed 01/03/2017 44.3 477 €1,200

5th Apartment 10 2 bedHeld vacant for viewings

69.62 749 €0

TOTAL PER MONTH €12,700

TOTAL PER ANNUM €152,400

TOTAL AREA 569.96 6,131

*Figures sourced from Kantar Worldpanel.

2322

SOLICITORPHILIP LEE John O’DonoghueT: 01 237 3700E: jodonoghue@philiplee.ie

SOLE AGENTSCBRE Willie NorseT: 01 618 5529E: willie.norse@cbre.com

BER No. 800581035 – 800580516729.87kWh/m2/yr 0.8 – 424.31kWh/m2/yr 2.34

ZONINGThe property is located in an area zoned Z5 City Centre “To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.”

TITLEWe understand that the property is held freehold.

VIEWINGStrictly by appointment with the sole selling agents.

Stephen AherneT: 01 618 5718E: stephen.aherne@cbre.com

Ken Tyrrell & Declan McDonald, Receiver