anchorage brochure final 27.02.15

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FOR SALE By Private Treaty (Tenants Unaffected) Prime Investment opportunity in South Docks with River Liffey frontage. 01 6611233 | www.realestate.bnpparibas.ie 17-19 Sir John Rogerson’s Quay, Dublin 2 t h e

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Page 1: Anchorage Brochure Final 27.02.15

FOR SALEBy Private Treaty

(Tenants Unaffected)

Prime Investment opportunity in South Docks with River Liffey frontage.

T 01 6611233www.realestate.bnpparibas.ie

BNP Paribas Real Estate20 Merrion Road, Ballsbridge, Dublin 4 T +353 1 6611233 [email protected]

01 6611233 | www.realestate.bnpparibas.ie

17-19 Sir John Rogerson’s Quay, Dublin 2

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Page 2: Anchorage Brochure Final 27.02.15

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Unique opportunity to acquire a modern South Docks building with frontage to the River Liffey.

5-storey over basement Grade A Office & Retail property constructed in 2008.

Extends to a net internal area of 2,470 sq.m. with 9 secure surface car spaces to rear.

Fully let and producing current rental income of approx. €1.254 million p.a. from 4 separate tenants.

BNP Paribas Real Estate forecast prime office rents in Dublin will reach €600 p.sq.m by end 2015.

I n v e s t m e n t H i g h l i g h t s

www.theanchoragedublin.com

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Page 3: Anchorage Brochure Final 27.02.15

L o c a t i o n

The Anchorage is located at the corner of Sir John Rogerson’s Quay and Lime Street, in Dublin’s South Docks offering profile to and spectacular views of the River Liffey, IFSC and the North Docks.

The Dublin docklands have undergone a radical transformation in recent years from predominantly Port related uses to providing modern Office, Retail and Residential accommodation to a new generation of occupiers and residents. The South Docks area is Dublin’s most dynamic district and is now widely recognised as the City’s most sought after Office location. It benefits from convenient City Centre location, excellent accessibility and high quality third generation office stock.

The property is ideally positioned to take advantage of the City’s public transport infrastructure and has numerous transport links nearby including DART at nearby Grand Canal Dock or Pearse Street stations and Luas connectivity directly across the river in the IFSC. Also located within close proximity are Busaras (Central Bus) and Connolly/Pearse Street Stations (Mainline Rail). The property is also serviced by the Dublin bike scheme at Lime Street. The recent opening of the stylish Samuel Beckett and Sean O’Casey bridges have greatly improved connectivity from Sir John Rogerson’s Quay to the North Docks.

Since re-development of the area began in earnest at the turn of the century, the surrounding area has become a vibrant hub attracting numerous high profile corporate Office occupiers from the Legal/ICT/and Financial sectors who have made the South Docks their home. These include McCann Fitzgerald, William Fry; Facebook, Google; State Street & HSBC.

The immediate area is well serviced by amenities and facilities including numerous hotels, bars, restaurants, coffee shops, supermarkets and fitness centres.

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the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2

Page 4: Anchorage Brochure Final 27.02.15

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BolandsMill

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Board GaisEnergy Theatre

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Ulster Bank Irish Life The Observatory Three

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Page 5: Anchorage Brochure Final 27.02.15

McCannFitzgerald

HanoverQuay

Bennett OaktreeSite

HanoverReach

Bloodstone Building Riverside IV State StreetRiverside IILongboatQuay

17-19 Sir John Rogerson’s Quay, Dublin 2

the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2

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Page 6: Anchorage Brochure Final 27.02.15

D e s c r i p t i o n / S p e c i f i c a t i o n

Third generation Office & Retail block designed by HKR Architects and completed in 2008. The distinctive waterfront building, with stone panelling and glazed cladding to the Northern and Eastern elevations, extends to 2,470 sq.m. and benefits from dual aspects with 25 metres frontage to Sir John Rogerson’s Quay and the River Liffey and 32 metres frontage to Lime Street. The property features an Italian style Café/Restaurant and Office lobby at ground floor level and secure surface parking for 9 cars to rear with access from Lime Street. L-shaped floor plates provide an average of 500 sq.m. of Office accommodation on the First to Fourth floors. The Penthouse floor extends to 215 sq.m. of Office accommodation plus a wraparound deck affording the occupier panoramic views of the City.

Specification within the Grade A Office accommodation includes:• Raised floors and suspended ceilings with recessed lighting.• Air-conditioning (floor by floor VRV system)• Perimeter trench heating system• Fresh air ducted vent system to all levels• 2 No. 8 person lifts serving all levels• Intruder alarm and CCTV security system

Specification within the Ground Floor lobby includes:• Black basalt stone tile finish to floors• Concierge desk• Soft furnishings for visitors

Building Dimensions• Typical slab to slab within the upper floor Office accommodation is

3.45 metres • Typical Floor to ceiling of 2.9 metres.• Floor void depth 150 mm.

Page 7: Anchorage Brochure Final 27.02.15

A c c o m m o d a t i o n

The subject property extends to a total floor area of 2,470 sq.m. plus 9 secure surface car spaces to rear. The net internal floor area breakdown is as follows:

Purchasers are specifically advised to independently verify the floor areas and to undertake their own due diligence.

the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2

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Floor Description Occupier Area (Sq.M.)

BasementStore/Canteen d’Amico 141.8

Store/Comms Room 14.8

GroundLobby Common N/A

Restaurant Café Parigi 96.3

First Office Walkers 477.6

Second Office Walkers 513.9

Third Office d’Amico 521.1

Fourth Office Bloomberg 489.4

Fifth/Penthouse Office Walkers 215.4

Total 2,470.3

Page 8: Anchorage Brochure Final 27.02.15
Page 9: Anchorage Brochure Final 27.02.15

S i r J o h n R o g e r s o n ’ s Q u ay,

RETAIL UNITRECEPTION

LIME s t r e e t

F L O O R P L A N S

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the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2

Penthouse

Ground Floor

1st Floor(Typical Office Floorplate)

Page 10: Anchorage Brochure Final 27.02.15

Demise Tenant Lease From Break Clause Car Spaces Next Review Floor Area

Sq m Rent € p.a

Basement d’Amico Dry* 20 Years 07/05/2008

Tenant 06/05/2018 & 06/05/2023

subject to 12 months prior notice

07/05/2018 141.8 –

Basement 14.8

Ground Floor Cafe Parigi Limited 25 Years 17/11/2008 07/11/2018 96.3 55,000

1st & 2nd Floors

Gary Ferguson, Paul Farrell & Kenneth Rush t/a Walkers Ireland**

10 Years 12/05/2010 4 12/05/2015 991.5 346,199.50

3rd Floor d’Amico Dry* 20 Years 07/05/2008

Tenant 06/05/2018 & 06/05/2023

subject to 12 months prior notice

2 07/05/2018 521.1 384,217.55

4th Floor BloomBerg LP 20 Years 21/04/2008Tenant 20/04/2018

subject to 12 months prior notice

2 21/04/2018 489.4 349,380.00

5th Floor Penthouse

Gary Ferguson, Paul Farrell & Kenneth Rush t/a Walkers Ireland**

10 Years 01/10/2014 1 01/10/2019 215.4 118,950.00

TOTAL 9 2,470.3 1,253,747.05

T e n a n c y S c h e d u l e

I n c o m e P r o f i l eC o v e n a n t D e t a i l s

Café ParigiItalian style Café/Restaurant serving breakfast, lunch & evening meals.

WalkersWalkers Ireland is part of the leading international Corporate & Finance law firm Walkers Global. The leases have been signed by the Irish partners and a letter of credit has been supplied by UBS AG. For further information please consult www.walkersglobal.com

d’AmicoShipping group d’Amico was founded in 1936 and is a top ten global company in its field. It has operations in dry cargo ships, tankers, and auxiliary maritime services. D’Amico Ireland has been in existence since 2001 and the lease is guaranteed by d’Amico International S.A. who have a D&B rating of 5A 1. For further information please consult www.damicoship.com

Bloomberg LPBloomberg LP is a privately held financial software, data and media company founded by former mayor of New York Michael Bloomberg. It is the market leader in the provision of financial software and has its own television network. For further information please consult www.bloomberg.com

Café Parigi 4%

Walkers 37%

d ’Amico 31%

Bloomberg 28%

Occupier % Current Income

*Lease guaranteed by d’Amico International S.A.**Bank letter of credit provided.

Page 11: Anchorage Brochure Final 27.02.15

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the ACHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2

D u b l i n D o c k l a n d sN O R T H a n d S o u t h

Page 12: Anchorage Brochure Final 27.02.15

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P r o p e r t y A d v i s o r s

T 01 6611233www.realestate.bnpparibas.ie

BNP Paribas Real Estate20 Merrion Road, Ballsbridge, Dublin 4 T +353 1 6611233 [email protected]

20 Merrion Road, Ballsbridge, Dublin 4

Further information and contact:Peter Flanagan or Kenneth Rouse of our Investment department.Phone: +353 1 6611233Email: [email protected] [email protected]

BNP Paribas Real Estate gives notice that these particulars are set out for general outline only, for the guidance of intending Purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending Purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor areas are approximate.

B E R D e t a i l s

BER Number: 800012585

Energy Performance Indicator:483.86 kWh/m2/yr 1.44

V A TWe are advised that VAT will be charged on the proposed sale of the property.

P r i c eWe are quoting a guide price of €25 million for the subject Investment which would provide an Investor with a net initial yield of 4.80% after allowing for standard purchaser’s costs of 4.46%.

T i t l eWe understand the property is held freehold.

W e b s i t e & D a t a r o o m www.theanchoragedublin.com

S o l i c i t o r sA.C. Forde & Co. Solicitors14 Lansdowne Road,Dublin 4Contact: Rita GarveyPhone: +353 1 6608955Email: [email protected]