RETAIL INVESTMENT OPPORTUNITY

RETAIL INVESTMENT OPPORTUNITY

INVESTMENT SUMMARY Prominent trading position on the west side of O Connell Street, Dublin s primary thoroughfare. Let to Schuh ROI Ltd. on an upwards only lease at an annual rent of 480,000 p.p. 25 x 5 year FRI lease from 1 July 2000. 5 storey over basement property extending to 906.7 sq m (9,761 sq ft). Immediately adjacent to the new Luas Cross City stop on O Connell Street. 47-48 O CONNELL STREET, DUBLIN 1 RETAIL INVESTMENT OPPORTUNITY (TENANT NOT AFFECTED)

ACCOMMODATION SCHEDULE FLOOR USE SQ M SQ FT Basement Storage 204.2 2,198 Ground Retail 183.5 1,976 First Retail 129.9 1,399 Second Storage 141.6 1,524 Third Office/Storage 124.3 1,338 Fourth Office 123.2 1,326 TOTAL 906.7 9,761 ITZA measurement 106.9 sq m (1,151 sq ft) 907 SQ M Prime retail premises with 13m frontage on to O Connell Street 183.5 SQ M Ground floor area (NIA) 5 STOREY Over basement property 47-48 O CONNELL STREET 47-48 O CONNELL STREET, DUBLIN 1 RETAIL INVESTMENT OPPORTUNITY

DESCRIPTION 47-48 O Connell Street is a 5 storey over basement, mid terrace, retail building extending to approximately 906.7 sq m (9,761 sq ft). The property was extensively modernised in the 2000 s incorporating a new facade. The building has approximately 13 metres of prominent frontage onto O Connell Street, Dublin s main pedestrian thoroughfare. The property also has the benefit of rear access from Bachelors Way.

O CONNELL STREET HENRY STREET MARY STREET LIFFEY STREET 11M UPGRADE PLAN ANNOUNCED ABBEY STREET LOTTS LITTON LANE LIFFEY STREET JERVIS STREET GREAT STRAND STREET

ABBEY COURT PRIME RETAIL PITCH 47-48 O Connell Street occupies a prominent trading position on the western side of O Connell Street, close to its junction with O Connell Bridge. GPO O Connell Street is one of Dublin s main pedestrian thoroughfares with a footfall of approximately 18 million per annum. This thoroughfare directly connects O Connell Bridge to Henry Street. FORMERLY CLEARY S DEPARTMENT STORE REDEVELOPMENT IN PLANNING The area has recently undergone significant upgrades in advance of the 1916 centenary celebrations to promote the historic importance of the street and the surrounding area. PRINCES STREET NORTH O CONNELL STREET There are a number of proposed developments in the immediate vicinity: The re-development of the former Carlton Cinema site, comprising 5 acres and known as Dublin Central. PERMANENT TSB BOOJUM The development of the former Clerys Department Store. LOTTS LUAS RED LINE WILLIAMS ROW SUPERMAC S QUIZNOS SUB SCHUH SHOES FOOT LOCKER MCDONALD S EDDIE ROCKET S 47-48 O CONNELL STREET LUAS GREEN LINE THE GRAND CENTRAL BAR CAFFÈ NERO BANK OF IRELAND HAMILTON LONG PHARMACY ULSTER BANK WYNNS HOTEL Recent announcement from Selfridges for a 11 million upgrade to Arnott s Department Store on Henry Street. The area is serviced by all forms of public transport: Luas Dublin Bus 30 seconds 30 seconds Dublin Bikes 1 minute BURGER KING HICKEY S PHARMACY STAR- BUCKS Dart/Rail Busáras 5 minutes 7 minutes Car Parks Arnotts, Jervis Centre, Jervis Street & Parnell Street

HIGH-PROFILE LOCATION ON DUBLIN S MOS 47-48 O CONNELL STREET ABBEY STREET O CONNELL STREETT LUAS GREEN LINE LUAS RED LINE O Connell Bridge Starbucks Burger King McDonalds Clarks Eason

T FAMOUS STREET SHOPPING CENTRE Ilac SHOPPING CENTRE HENRY STREET Penneys Clerys Arnotts M&S Jervis Shopping Centre GPO Debenhams Dunnes Stores Ilac Shopping Centre

TENANCY DETAILS Single let to Schuh ROI Ltd. on a 25 year, FRI lease from 1st July 2000 (7 years remaining) at an annual rent of 480,000. The lease incorporates 5 yearly upwards only rent reviews with the next review due to take place in July 2020. COVENANT DETAILS Schuh is a UK footwear retailer which was established in 1981. The retailer is predominantly a branded stockist with well-known brands such a Nike, Adidas, Converse and Vans stocked in addition to its own footwear label. Schuh currently operates 118 stores across the UK and Ireland. There are 10 stores in the Republic of Ireland including six in Dublin, and one store in each Cork, Limerick and Galway. A Vision Net report for Schuh ROI Ltd. for the year to 28th January 2017 displays a low trade risk, with a turnover of 30 million.

DUBLIN RETAIL IN DETAIL Dublin 1 has a positive and improving retail story, there is currently no vacancies on Henry Street with all units either reserved or occupied. The Selfridges Group, proprietor of Arnott s, has just announced an 11 million upgrade of the store to commence in 2018 creating a 40,000 sq ft retail MSU to accommodate the high profile UK Fashion and Homewares retailer. In the medium term, the proposed development of the 5 acre Dublin Central site by Hammerson and the redevelopment of the former Clery s Department Store is set to further add to the retail activity on O Connell Street. 1.9 million Population of Greater Dublin Area (2016 Census) +2.3% Volume of Retail Sales Year to March 2018 (excluding Motor Sales) 27% Retail accounted for 27% of investment spend in Q1 2018 30 million Henry Street Footfall per annum (Dublin BID) 10.65 million Dublin Visitors in 2017 (CSO) +4.8% GDP Ireland is on track to be fastest growing economy in the Eurozone for 5th year running in 2018 4,500 p sm Prime Rents Henry Street Zone A 101.8 Consumer Sentiment Index March 2018 (KBC/ESRI Consumer Sentiment Index) +4.7% p.a. Annualised Average Increase High Street Rents 2018-2022

FLOOR PLANS ELEVATION TO O'CONNELL STREET

Gr Ground Floor 183.5 SQ M 1,976 SQ FT Holding Holding Protected Lobby Cash Desk Dis WC Cash D Ground Floor NORTH NORTH

Gr First Floor 129.9 SQ M 1,399 SQ FT Holding Holding Holding Protected Lobby Protected Corridor Lobby Service Riser Cash Desk Dis WC Cash D Cash Desk Corridor First Floor Ground Floor Void NORTH NORTH

Second Floor 141.6 SQ M 1,524 SQ FT Service Riser hatch Second Floor NORTH

Third Floor 124.3 SQ M 1,338 SQ FT Fourth Floor 123.2 SQ M 1,326 SQ FT Service Riser hatch Void Third Floor Staffroom Office Cash Office NORTH

Basement 204.2 SQ M 2,198 SQ FT Stockroom Stockroom Stockroom Stockroom Stockroom Stockroom Store Store NORTH B A S E M E N T F L O O R P L A N

TITLE The property is held freehold AGENTS Viewings are by appointment only via the sole selling agents: Colm Luddy Senior Director, Capital Markets Email: colm.luddy@cbre.com Direct Dial: +353 (1) 618 5729 Fiona Kennedy Associate Director, Capital Markets Email: fiona.kennedy@cbre.com Direct Dial: +353 (1) 618 5742 SOLICITOR Paul Diggin A&L Goodbody 25-28 North Wall Quay Dublin 1 Email: pdiggin@algoodbody.com Direct Dial: +353 (1) 649 2258 BER Number: 800324428 BER Indicator: 393.32 kwh/m²/yr 1.15 Disclaimer: 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