FOR SALE BY PRIVATE TREATY. Trinity. Lodge 12, 29 & 30 SOUTH FREDERICK STREET, DUBLIN 2

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1 FOR SALE BY PRIVATE TREATY Trinity Lodge 12, 29 & 30 SOUTH FREDERICK STREET, DUBLIN 2

2 INTRODUCTION On behalf of Deloitte, JLL has been appointed as exclusive selling agents for the high quality and rare Trinity Lodge, located on South Frederick Street in Dublin 2. Offered for sale with freehold title and the benefit of full vacant possession, this 26 guestroom townhouse property boasts an irreplaceable location right next to Trinity College, along with an established and highly profitable trading history, attractive period accommodation throughout and exciting upside potential. ON THE DOORSTEP of Trinity College, in the heart of Dublin 2 2

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4 INVESTMENT HIGHLIGHTS Occupying a prime city centre location next to Trinity College and all of Dublin s major tourist attractions Historic Georgian townhouse property offering numerous spacious guestrooms, with accommodation provided across three period buildings, originally dating back to the 1730 s A profitable trading business with exciting scope for further enhancement via refurbishment, improvements to the Food & Beverage (F&B) offering and re-opening of the underutilised rear courtyard and basement space The three period buildings, which extend to approximately 1,217 sq. m (13,100 sq. ft) combined and occupy a site area of approx acres, offer alternative use development potential, including high value office and residential uses The Dublin City Centre hotel market is one of the fastest growing markets in Europe, posting an impressive YTD RevPAR growth to July 2016 of +22% Available with the benefit of freehold and long leasehold title and full vacant possession ATTRACTIVE GEORGIAN TOWNHOUSE ACCOMMODATION, with a coveted Dublin 2 address 4

5 A RARE HISTORY NUMBERS 12, 29 AND 30 SOUTH FREDERICK STREET, WHICH WERE FIRST CONSTRUCTED AS PART OF A WIDER GEORGIAN TERRACE IN THE 1730 S AND TODAY FORM THE TRINITY LODGE, ARE POSITIONED IN DUBLIN S HISTORIC CORE. The three buildings are some of the last remaining early Georgian townhouses on South Frederick Street and they boast numerous original period features including a wonderful internal Georgian staircase, contained within no.12 South Frederick Street. The properties are located next to Trinity College, one of the world s most famous universities, founded by royal charter in Dating back to the 1730 s, the Trinity Lodge comprises three of the last surviving early Georgian buildings on South Frederick Street 5

6 AY y AY MILL STREET SWIFT ALLEY CHURCH STREET INN'S QUAY MERCHANT S QUAY FRANCIS STREET NEW ROW S HIGH STREET CHURCH ST PATRICK STREET MARY S LANE GEORGES HILL ST. MICHANS STREET HALSTON ST LITTLE GREEN ST LITTLE MARY ST ARRAN STREET EAST CHARLES ST WEST ORMOND QUAY CHRISTCHURCH PL KEVIN STREET LOWER BERESFORD ST LITTLE BRI TAIN ST GREEK ST CHANCERY PLACE CAPEL STREET FISHAMBLE ST BOLTON STREET RYDERS ROW CHANCERY ST MARY S ABBEY ORMONDE SQ ESSEX ST WEST LORD EDWARD STREET BRIDGE STREET ARRAN ST EAST CAPEL STREET STRAND STREET LITTLE GOLDEN LANE WOLFE TONE ST JERVIS LANE UPR JERVIS LANE UPR WOOD QUAY EDWARD QUAY PETER STREET JERVIS STREET ABBEY ST UPPER SHIP STREET GREAT BISHOP STREET JERVIS STREET ORMOND QUAYLOWER ESSEX ST EAST KEVIN ST LWR DUBLIN CASTLE AUNGIER STREET WEXFORD ST EUSTACE ST LIFFEY ST UPR WELLINGTON QUAY TEMPLE LANE SOUTH FADE ST LIFFEY ST LWR STEPHEN ST LWR MERCIER STREET PARNELL STREET MOORE STREET EXCHEQUER ST YORK STREET CUFFE ST FOWNES ST UPR LWR MERCER STREET DRURY ST TEMPLE BAR COPE ST WILLIAM ST KING STREET SOUTH O'CONNELL STREET BACHELOR'S WALK R i v e r L i ff e y ANGLESEA ST ASTON QUAY COLLEGE GREEN TRINITY ST STH WILLIAM ST ST ANDREW ST CLARENDON STREET CHATHAM ST WICKLOW ST LUAS EARL ST NTH FLEET ST COLLEGE STREET LUASCROSSCITY DUKE STREET ANNE ST SOUTH EDEN QUAY BURGH QUAY DUKE LANE LWR HIB WAY TRINITY COLLEGE ST. STEPHEN S GREEN ST. STEPHENS GREEN SOUTH FREDRICK ST SOUTH LUAS ABBEY ST LOWER SETANTA PLACE CUSTOM HOUSE MARY STREET HENRY STREET TALBOT STREET TALBOT STREET WOLFE TONE ST PARLIAMENT ST SYCAMORE ST GEORGE S STREET CECILIA ST DAME STREET CROW ST DAME COURT ABBEY ST MIDDLE CROWN ALLEY CHATHAM ROW CLAREDON MKT JOHNSON PL MERCHANTS ARCH DAME LANE ST ANDREW LN CASTLE MKT COPPERING ROW CLARENDON ROW BEDFORD W BALFE ST ST. STEPHEN S GREEN WEST CATHAL BRUGHA ST ASTON PL SUFFOLK ST JOHNSON LN HARRY ST THOMAS LANE CATHEDRAL ST PRICES LANE GRAFTON STREET MARLBOROUGH ST WESTMORELAND ST LEMON ST DUKE LANE UP EARL PLACE SACKVILLE PLACE DUKE LANE UP D'OLIER ST DAWSON STREET MARLBOROUGH PL HAWKINS STREET NASSAU STREET MOLESWORTH PL POOLBEG STREET ST. STEPHEN S GREEN NORTH GARDINER ST LO WER Trinity Lodge TARA STREET STORE ST GEORGE'S QUAY BUS STATION CUSTOM HOUSE QUAY TOWNSEND STREET MOLESWORTH ST SCHOOLHOUSE LN ST. STEPHEN S GREEN EAST BERESFORD PL TARA STREET STATION MOSS STREET LINCOLN PLACE CLARE STREET CITY QUAY WESTLAND ROW BAGGOT STREET CONNOLLY STATION PEARSE STREET STATION MERRION SQUARE LOMBARD STREET LOWER FITZWILLIAM STREET R i v e r L i ff e PEARSE STREET PEARSE STREET KILDARE STREET FRENCHMAN S LN MERRION ST UPR TALBOT PLACE FENIAN ST MERRION SQ NORTH MERRION SQ SOUTH CAMDEN ST REEET CAMDEN ST UPR IVEAGH GARDENS LEESON STREET LOWER FITZWILLIAM SQUARE LWR BAGGOT ST. COMMONS STREET MAYOR STREET LWR HOLLES STREET SIR LOWER UPPER MOU CLANBRASSIL ST HARCOURT STREERT HATCH STREET FITZWILLIAM PLACE LAD LANE WILTON TERRACE MESPIL ROAD SOUTH CIRCULAR ROAD B DARLMOUNTH SQ N SUSSEX ROAD 6

7 SHERRIFF STREET IFSC LUAS GUILD STREET SPENCER DOCK CASTLEFORBES ROAD y JOHN ROGERSON S QUAY SIR JOHN ROGERSON S QUAY UPPER ENRE ST. MOUNT ST. NT STREET URLINGTON RD WATERLOO LN HERBERT PLACE WATERLOO ROAD HANOVER STREET LOWER GRAND CANAL ST HADDINGTON ROAD HEYLESBURY LN WELLINGTON LANE MACKEN STREET BORD GÁIS THEATRE WARRINGTON PLACE PERCY PLACE GRAND CANAL QUAY PEARSE STREET GRAND CANAL DOCK STATION PEMBROKE ROAD PEMBROKE LANE WELLINGTON ROAD ST MARY S ROAD RAGLAN LANE PEMBROKE GRD HANOVER QUAY BARROW STREET NORTHHUMBERLAND ROAD RAGLAN ROAD CLYDE ROAD EGLIN ROAD CLYDE LANE G r a n d C a n a l BENSON STREET SOUTH DOCK STREET PARK GORDON STREET SOUTH LOTTS ROAD RBERT PARK S SHELBOURNE ROAD PEM AN UNRIVALLED LOCATION The Trinity Lodge is ideally situated on South Frederick Street, next to the world famous Trinity College, which is Dublin s most prestigious university and one of Ireland s most popular tourist attractions. The property is also located within the city s most established luxury hotel district, with nearby luxury hotels including five star hotels such as The Shelbourne, The Westbury and The Merrion, along with popular four star hotels including The Dawson and Buswells. The immediate vicinity is also home to Dáil Éireann, Ireland s house of parliament, a host of major corporates such as AstraZeneca, along with countless popular bars, art galleries, cafes, restaurants and private members clubs. Well connected to every possible Dublin City amenity and with a new LUAS currently under construction only 150 metres away, major transport links such as Pearse Street Train Station (1km), Heuston Train Station (4km), Dublin Port (5km) and Dublin Airport (13km) are all within easy reach. 7

8 PEARSE STREET TRAIN STATION MERRION SQUARE KILDARE STREET TRINITY COLLEGE SETANTA CENTRE TRINITY LODGE NASSAU STREET NASSAU HOUSE GRAFTON STREET f TO COLLEGE GREEN OVER 250,000 SQ. FT. of new prime office developments are being delivered within 200 metres, which will accommodate over 2,000 new employees 8

9 FITZWILLIAM SQUARE DÁIL ÉIREANN SHELBOURNE HOTEL 32 MOLESWORTH ST DEVELOPMENT ST. STEPHEN S GREEN 10 MOLESWORTH ST DEVELOPMENT THE MANSION HOUSE DAWSON STREET 40 MOLESWORTH ST DEVELOPMENT LUAS CROSS CITY SOUTH ANNE STREET GRAFTON STREET LUAS STATION WESTBURY HOTEL 9

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11 11 DUBLIN - A VIBRANT & SOUGHT AFTER DESTINATION

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13 HISTORIC GEORGIAN TOWNHOUSE The Trinity Lodge benefits from a quality mix of accommodation, offering guests a choice of 26 traditional and spacious guestrooms, ranging from standard double rooms to large doubledouble rooms. The property s large guestrooms boast an excellent average sleeper capacity of 3.0. Ground floor accommodation includes an attractive reception area, whilst no.29 incorporates a well-appointed restaurant (formerly George s Bistro) and dedicated kitchen, with approximately 30 covers. To the rear of no.30 the property also boasts a spacious rear courtyard which was previously in restaurant use, offering advantageous additional seating capacity. The basement of no.29, which has attractive natural light and is currently in office use, offers the potential to create additional F&B facilities, or indeed other uses such as additional guestrooms, meeting or leisure facilities. The property also benefits from 2 car parking spaces located to the rear of No

14 POTENTIAL TO DELIVER A REFURBISHED BOUTIQUE HOTEL At a time of unprecedented growth in the Dublin hotel market The Trinity Lodge presents an exceptional opportunity to own and / or operate an established city centre guesthouse in a prime location next to Trinity College There is potential to upgrade the existing hotel to better cater for the growing demand for upscale boutique/ lifestyle hotel accommodation in Dublin City centre Across Europe s major cities, Dublin City is now ranked an impressive 2nd in Occupancy terms and 11th in ADR terms* Dublin City RevPAR is forecast to increase by +9.1% and +8.2% in 2016 and 2017*. With July YTD RevPAR growth in the city centre standing at 22%, Dublin City is on track to substantially outperform ONE The number of new hotels expected to open in Dublin City in 2016 TWENTY The number of new hotels Dublin City actually needs now to cater for current demand Over 2,000 new workers will move into the four new office developments around the hotel, starting with the refurbishment of 40 Molesworth Street, which will open in Spring ,000 SQ/FT Extending to over 13,000 sq. ft and on a site of 0.11 acres and backing onto the rear of the Setanta Centre complex, which will soon be redeveloped, there may be potential for alternative office and residential uses An opportunity for the reconfiguration of guestrooms and improvements to the Food & Beverage offering on a street that already boasts highly popular restaurants such as Dunne & Crescenzi * PWC European Cities Forecast

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16 CONTACT DETAILS: DANIEL O CONNOR Senior Vice President, Hotels T: E: daniel.oconnor@eu.jll.com JAMES WOOD Associate, Hotels T: E: james.wood@eu.jll.com JOHN MORAN Managing Director T: E: john.moran@eu.jll.com Note that as the buildings are Protected Structures they are therefore BER Exempt. DISCLAIMER: These particulars were prepared in September Jones Lang LaSalle (JLL), for themselves and for the vendors of the property, whose agents they are, give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers and constitute neither the whole nor any part of an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact but should satisfy themselves by searches, enquiries, surveys and inspections or otherwise as to the correctness of each of them; (iii) no person in the employment of Jones Lang LaSalle has authority to make or give any representation or warranty whatever in relation to the property. PSP LICENCE NO: