185 - 187 PARNELL STREETDUBLIN 1 • CITY CENTRE RETAIL INVESTMENT

FOR SALE BY PRIVATE TREATY - TENANTS UNAFFECTED

Investment Summary

• City Centre Retail Investment• Extending to approximately 378 sq. m. (4,065 sq. ft.)• Total annual rental income of €71,400 per annum increasing to €81,400 per annum in 2020• Let to XL Newsagents and Cycleways• Tenants Not Affected

Location

Cycleways is located on Parnell Street, adjacent to O’Connell Street in the heart of the north city centre core. Parnell Street lies parallel to Henry Street, one of the busiest shopping streets in the city. The area is steeped in Irish History and the area attracts a high volume of daily pedestrian footfall.

As one of Ireland’s main retail locations, the area is home to major Shopping Centres the Ilac and The Jervis Centre as well as Arnotts Department Store. Surrounding retail brands on Parnell Street include; Aldi, McDonalds, Burger King, Insomnia, Subway and Eddie Rockets. The area has an unrivalled list of amenities to offer including an excellent selection of bars, eateries, cinemas and theatres, all situated within 0.5km of the property. The Mater, Rotunda and Temple Street hospitals are also located close by. Surrounding hotels include; Jurys Inn, Holiday Inn Express, Maldron Hotel, Castle Hotel and The Gresham Hotel.

The location benefits from superb infrastructural links and it to benefit from a new Green Line Luas Stop immediately outside the premises from December 2017 when the Cross City Luas extension to Broombridge is complete. There are also numerous Dublin Bus routes as well as Air Coach service to the airport in the immediate area.

Further major redevelopment is planned within the area with the proposed €150m redevelopment of the former Cleary’s department store and numerous hotel.

185 - 187 PARNELL STREETDUBLIN 1 • CITY CENTRE RETAIL INVESTMENT

FOR SALE BY PRIVATE TREATY - TENANTS UNAFFECTED

Description

The portfolio comprises two high street retail units with superb profile on the corner of Parnell Street and Dominic Street. The properties extend to approximately 378 sq. m. (4,065 sq. ft.) within a mixed use development comprising retail units on the ground floor and residential apartments above.

No. 185-186, a profile corner unit occupied by Cycleways, comprises a ground floor retail unit of approximately 103.5 sq. m. (1,114 sq. ft.) and a basement retail and storage area of approximately 218.5 sq. m. (2,351 sq. ft.). The unit benefits from solid floors with laminate and vinyl finishes, plaster and painted walls and ceilings, with part laminate wall panels, a mixture of exposed fluorescent tube and spot light fittings. The unit is fitted out for use as a cycle sports store.

No. 187, a high street retail unit occupied by XL Newsagents comprises a ground floor unit of approximately 55.73 sq. m. (600 sq. ft.). The unit benefits from solid floors with vinyl finish, plaster and painted walls, and a suspended ceiling with recessed light fittings. The unit is fitted out for use as a convenience store.

Both units are accessed directly of Parnell Street, with the Cycleways units also benefitting from access onto Dominick Street Lower. The Cross City Luas Line due for completion at the end of 2017 will provide for a new Luas stop on Dominick Street Lower, directly outside of the Cycleways store.

Tenancy

The portfolio is multi-let to two separate tenants trading as Cycleways and XL Newsagents. ESB also have a right of way to a substation at the rear of the building.Please find tenancy schedule summarised in the table below:

Address Tenant FloorSize

Sq. Ft. Approx.

Rent p.a.Lease

Commencement Date

Term

185/186 Parnell Street CyclewaysGround Floor

Basement

1,117

2,377€35,000 TBC 35 yrs

187 Parnell Street XL Convenience Store Ground Floor 600 €36,400 TBC 4 yrs, 9 months

01 - 634 2466

20-21 Upper Pembroke Street, Dublin 2

These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are given for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but 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/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O’Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property.

PSR Reg. No. 001266

Contact:

Ross Fogartyross.fogarty@ie.knightfrank.com

Shaun Colinsshaun.collins@ie.knightfrank.com

Certification available upon request

Guide PriceExcess €800,000

ViewingsViewings are strictly by appointment with sole agent Knight Frank.