For Sale by Private treaty

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Location

transport Links in cLose proximity

80 Grafton Street occupies a prime position on Dublin’s premier retail street. The property is situated on the west side of Grafton Street adjacent to Bewley’s Café and H. Samuel jewellers, with & Other Stories and Carl Scarpa situated directly opposite.

Grafton Street benefits from an annual footfall of approximately 57 million. The street comprises of over 90 retail units with department stores Brown Thomas and Marks & Spencer anchoring the street along with St Stephens Green Shopping Centre at the southern end

of the street. Notable retailers in the area include: Massimo Dutti, River Island, Cath Kidston, Tommy Hilfiger, Hugo Boss, Ted Baker, Urban Decay and Space NK. International retailer Victoria’s Secret are currently fitting out their new flagship store store opposite the subject property.

The immediate area comprises a busy mix of high end restaurants, hotels and public houses. The area is well served by an array of transport nodes including Dublin Bus, the DART and the Luas (cross city and green line).

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Pearse Street

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Fenian Street

Hanover Street East

Georges Quay

Eden Quay

Aston Quay

Bachelors Walk

BRIDGE ROAD

S Dock Street

Mount Street Upper

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Haddington Road

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Merrion RowCu�e Street

Kevin Street

Leeson Street Lwr

South Circular Road

Mespil Road

Pearse Street

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Marlborough Street

Dame Street

Exchequer Street

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ST. STEPHEN’S GREEN S.C.

ST. STEPHEN’SGREEN

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Mary Street

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Wolfe Tone Street

Jervis Street

Wolfe Tone Street

Jervis Lane Upr

Jervis Lane Upr

Wellington Quay

Essex Quay

Ormond Quay Lwr

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Sean MacDermot Street Lwr

Cathal Brugha Street

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TRINITY COLLEGE

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prime trading pitch on ireland’s premier retail shopping destination

entire let to molton brown Limited on an Fri lease

passing rent of €275,000 per annum strong reversionary potential

approximately 12 years unexpired

the property extends to approximately 390.67 sq m (4,205 sq ft)

description80 Grafton Street is a prime end of terrace, corner retail unit that extends to approximately 390.67 sq m (4,205 sq ft). The property is laid out over basement, ground and three upper floors. The unit has frontage on to both Grafton Street (5.7m) and Johnson’s Court (19m).

The ground floor is currently in retail use and comprises a traditional shop front facade incorporating extensive glazed windows with signage overhead. The upper floors and basement are utilised as ancillary storage and office space by the tenant.

accommodation scheduLe

Floor areas provided by McGovern Surveyors in an assignable measured survey. Any intended purchaser will need to satisfy themselves as to the exact area of the subject property.

Level Sq m (NIA) Sq ft (NIA) Sq m (ITZA) Sq ft (ITZA)Ground Floor 85.03 915 52.86 569

First Floor 75.68 815

Second Floor 80.99 872

Third Floor 72.94 785

Basement 76.03 818

TOTAL 390.67 4,205 52.86 569

tenancy overviewTenant Area Area Passing Lease Start Term Next Review Review Type (Sq M) (Sq Ft) Rent pa

Molton Brown 390.67 NIA 4,205 NIA €275,000 1st October 15 1st October Open Market 52.86 ITZA 569 ITZA 2014 years 2019

retaiL on GraFton streetInternational retailers seeking to expand into the Irish market are focusing their attention on Grafton Street. This is evidenced by the recent lettings to & Other Stories, Urban Decay and Victoria’s Secret. With occupancy levels of 93%, landlords are now experiencing competitive bidding amongst retailers to secure a pitch on Ireland’s premier Shopping Street.

Following strong rental growth in 2016, Zone A prime rents on Dublin’s Grafton Street have remained stable during the first three quarters of 2017, resting at €6,500 per sq m (€604 per

sq ft) at end-September. Compared to the same period in 2016, this reflects an annual increase of 6.6%, however rents remain 38% below 2008 peak values.

Looking at Dublin’s competitiveness in terms of other European cities, Grafton Street rents range between 8%-18% above Barcelona and Amsterdam, while sit 3% lower than Frankfurt. They are also considerably below the prime streets of London, Milan and Paris, where current average shop rents stand two and threefold higher.Any intended purchaser will need to satisfy themselves as to the exact area of the subject property.

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50 Grafton StSold: Q3 2016€6.75m (NIY: 5.39%)Purchaser: Irish Life

50 Grafton St

Q1 2017Zone A €522 psf

57/58 Grafton StSold: Q3 2015€19m (NIY: 3.40%)Purchaser: Irish Life

69 Grafton St

Q4 2015Zone A €525 psf

35 Grafton St

Q3 2015Zone A €525 psf

72 Grafton St

TO LETQ3 2017Zone A: €650 psf quoting

28/29 Grafton St

Q1 2016Zone A €640 psf

80 Grafton St

October 2014Zone A: €410 psf

HYDE

26/27 Grafton St

Q4 2015Zone A €535 psf

14 Grafton StSold: Q2 2016€35m (NIY: 4.50%)Purchaser: Private Irish

2 Grafton StCloddagh JewelleryQ2 2017Zone A €560 psf

100/101 Grafton StSold: Q3 2017€50.11m (NIY: 3.44%)Purchaser: Irish Life

LOT 1 Grafton Collection (21-23 Grafton St)Sold: Q4 2016€38.5m (NIY: 3.30%)Purchaser: Hines/ BVK

GRAFTON STREET

st stephen’s Green

st stephen’s GreenshoppinG centre

80 grafton Street

dawson street

dame street

GraFton street activity

south kinG street

chatham street

south wiLLiam street

south Great GeorGe’s street

exchequer street

powerscourt townhousewickLow street

south anne streetduke street

brown thomas

brown thomas marks & spencer

Eugene F Collins,Temple Chambers3 Burlington Road, Dublin 4

Mark WalshT: +353 (0) 1 202 6400E: mwalsh@EFC.ie

Cushman & Wakefield, 164 Shelbourne Road, Ballsbridge, Dublin 4, Ireland. T: +353 (0) 1 639 9300 www.cushwake.ie

Kevin DonohueT: + 353 (0) 1 639 9234 E: kevin.donohue@cushwake.iePRSA No. 00222-005462

Jill GeraghtyT: + 353 (0) 1 639 9332 E: jill.geraghty@cushwake.iePRSA No. 002222-005148

Jane Dolan T: + 353 (0) 1 639 9225 E: jane.dolan@cushwake.iePRSA No. 002222- 002314

PSRA No: 002222

contact details

solicitor

receiverViewings strictly by appointment only with the selling agents cushman & wakefield

Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction. 7. The Vendor reserves the right not to accept the highest or any offer made.

ToWn Planning The subject property is zoned: Z5- City Centre under the Dublin City Development Plan 2016-2022 - “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.”

TiTlEFreehold Title.

VaT Further information available upon request.

BER Full Building Energy Rating certificates available on request.

guidE PRiCE Offers sought in excess of €9,000,000 reflecting a net initial yield of 2.81% assuming standard purchasers costs of 8.46%.

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On the instructions of Receiver Tom O’Brien, Mazars, Block 3 Harcourt Centre, Harcourt Road, Dublin 2