PRIME OFFICE INVESTMENT OPPORTUNITY Ground Floor HANOVER WHARF GRAND CANAL DOCK. DUBLIN 2 For Sale by Private Treaty. Tenant Not Affected
KEY INVESTMENT CONSIDERATIONS Modern office suite 5,955 sq ft (553.2 sq m) 4 Car parking spaces Heart of Dublin s thriving South Docks Excellent local amenities and public transportation Let to MCA Architects for 10 years from June 2015 at 171,666 per annum Highly reversionary current passing rent 27.00 per sq ft & 2,750 per car space
NELL STREET LOWER O CONNELL STREET LOWER TALBOT ST LOWER TALBO AMIE N STRAND NO.4 SHERIFF STREET UPPER MARLBOROUGH ST ABBEY ST LOWER EDEN QUAY OLD ABBEY ST BERESFORD PL MAYOR STREET LOWER CUSTOM HOUSE QUAY GUILD ST NEWWAPPING ST MAYOR STREET UPPER CASTLEFORBES RD EAST WALL RD LOCATION WESTMORELAND ST DUKE ST 1 Milano DOLIER ST DAWSON ST 2 Herbstreet GRAFTON ST 3 HQ Gastrobar GEORGE S QUAY POOLBEG ST COLLEGE ST NASSAU ST MOLESWORTH ST FREDERICK ST S 4 Fresh Supermarket TARA STREET KILDARE STREET LUKE ST TOWNSEND ST TRINITY COLLEGE DUBLIN SHAWST 5 The Marker Hotel 6 The Ferryman MARK ST 7 The Maldron Hotel 8 Bord Gais Theatre CITY QUAY PRINCE S ST PEARSE ST PEARSE ST MERRION SQUARE W MARK S LN LOMBARD ST E LINCOLN PL MERRION S PEARSE STATION DENZILLE LN MERRION SQUARE N MERRION SQUARE BOYNE ST UARE E R I V E R L I F F E Y HOLLES ST L ERNE ST UPPER ERNE ST LOWER GRATTAN ST BYRNE S LN HANOVER ST E SIR JOHN ROGERSON S QUAY PEARSE ST RINGSEND RD FENIAN ST MACKEN ST 7 MACKEN ST 6 CARDIFF LN 8 LAZER LN 5 FORBES ST MISERY HILL GRAND CANAL QUAY 4 3 ASGARD RD 2 1 BARROW ST BLOOD STONEY RD HORSE FAIR S DOCK ST BENSON ST GREEN ST E HANOVER QUAY GORDON ST PENROSE ST DORIS ST S LOTTS RD NORTH WALL QUAY S DOCK RD BRIDGE RD THORNCASTLE ST FITZWILLIAM QUAY Superbly located in the heart of the vibrant and trendy area that is Grand Canal Dock on the corner of Asgard Road and Horse Fair Road. Grand Canal Dock has experienced a strong level of development in the office, retail and residential sectors and offers an exceptional mix of popular restaurants, trendy bars & cafes and hotels such as The Marker Hotel, The Maldron Hotel, Bord Gais Energy Theatre and The Ferryman. Also, a short distance across the River Liffey is the National Convention Centre and the 3Arena. The South Docklands is established as a top class location and has attracted high-quality tenants such as Facebook, Google, State Street, AirBnB, Matheson, McCann Fitzgerald, Ancestry. com, William Fry and LogMeIn. Transport links in the area are second to none Both Luas and DART within 10 minutes walking distance, Dublin Bike on the doorstep and multiple bus routes. In addition, the area is served by excellent road infrastructure with the Samuel Beckett Bridge providing access to the North Docks, IFSC and to Dublin Airport. A new public transport bridge is also planned connecting Grand Canal Dock with Ringsend and a pedestrial bridge linking South and North docks.
DESCRIPTION The property comprises a ground floor office extending to approx. 5,955 sq. ft. (553.2 sq m) in total. The building is fitted out to an excellent specification with raised access flooring to part, air conditioning throughout, acoustic panelled ceilings with exposed services, shower facilities, and an outdoor terraced area. The offices are laid out to provide meeting rooms, a mix of open plan and cellularised offices and has the benefit of excellent natural lighting throughout. Four car parking spaces are also provided.
TENANCY The entire is let to MCA Architects at a current rent of 171,666 per annum. MCA Architects on a 10-year Full Repairing and Insuring lease from 1st June 2015 with five yearly rent reviews. There is a tenant break option at the fifth anniversary of the term on provision of six months written notice. COVENANT MCA Architects are a leading firm of Dublin architects founded in 1988. MCA have worked with a number of high profile clients such as Facebook, Twitter, Lidl, Accenture, IPUT and Irish Life. Projects have included the Exo Building, Hunters Yard Mount Juliet, 40 Molesworth Street, the Dylan Hotel and Accenture HQ. PLANNING Within an area zoned Zone Z14: Strategic Development and Regeneration Area under the Dublin City Development Plan 2016-2022 To seek the social, economic and physical development and/ or rejuvenation of an area with mixed use of which residential and Z6 would be the predominant uses. HANOVER WHARF
CONTACTS TITLE We understand that the property is held by way of long lease subject to a nominal ground rent. VIEWINGS All viewings are strictly by appointment through the sole selling agent. SOLICITOR Marc McLaughlin Arthur Cox Ten Earlsfort Terrace Dublin 2 T: +353 1 920 1000 STEPHEN AHERNE T: +353 1 618 5718 E: stephen.aherne@cbre.com COLM LUDDY T: +353 1 618 5729 E: colm.luddy@cbre.com ANDRE BERG T: +353 1 618 5527 E: andre.berg@cbre.com BER No. 800660698 These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: - (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any 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 themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure prepared October 2018.