RETAIL INVESTMENT OPPORTUNITY

– 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)

INVESTMENT SUMMARY

47-48 O’CONNELL STREET, DUBLIN 1 RETAIL INVESTMENT OPPORTUNITY

ACCOMMODATION

907 SQ MPrime retail premises with 13m frontage on to O’Connell Street

5 STOREYOver basement property

183.5 SQ MGround floor area (NIA)

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)

47-48O’CONNELL STREET

DESCRIPTION47-48 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 benefi t of rear access from Bachelors Way.

O’CONNELL STREET

N

PRINCES STREET NORTH

O’C

ON

NELL STR

EET

ABBEY STREET

JERV

IS STREET

LIFFEY STREET

GREAT STRAND STREET

LOTTS

LOTTS

WILLIA

MS R

OW

LITTON

LAN

E

LIFFEY STREET

EDEN QUAY

HENRY STREET

MARY STREET

RIVER LIFFEY

SCHUH

SHOES

THE GRAND

CENTRAL BAR

PERMANENT TSB

CAFFÈ NERO

BANK OF IRELAND

HAMILTON LONG

PHARMACY

ULSTER BANK

WYN

NS H

OTEL

FOOT LOCKER

FORMERLY CLEARY’S DEPARTMENT STORE

REDEVELOPMENT IN PLANNING

EDDIE ROCKET’S

HICKEY’S

PHARMACY

ABBEY C

OU

RT

STAR-

BUCKS

BURGER KING

MCDONALD’S

SUPERMAC’S

QUIZNOS SUB

GPO

BO

OJU

M

€11M UPGRADE PLAN ANNOUNCED

N

PRINCES STREET NORTH

O’C

ON

NELL STR

EET

ABBEY STREET

JERV

IS STREET

LIFFEY STREET

GREAT STRAND STREET

LOTTS

LOTTS

WILLIA

MS R

OW

LITTON

LAN

E

LIFFEY STREET

EDEN QUAY

HENRY STREET

MARY STREET

RIVER LIFFEY

SCHUH

SHOES

THE GRAND

CENTRAL BAR

PERMANENT TSB

CAFFÈ NERO

BANK OF IRELAND

HAMILTON LONG

PHARMACY

ULSTER BANK

WYN

NS H

OTEL

FOOT LOCKER

FORMERLY CLEARY’S DEPARTMENT STORE

REDEVELOPMENT IN PLANNING

EDDIE ROCKET’S

HICKEY’S

PHARMACYA

BBEY CO

URT

STAR-

BUCKS

BURGER KING

MCDONALD’S

SUPERMAC’S

QUIZNOS SUB

GPO

BO

OJU

M

€11M UPGRADE PLAN ANNOUNCED

LUASGREEN

LINE

LUASRED LINE

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.

• 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.

• 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.

• 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.

– The development of the former Clerys Department Store.

– 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 30 seconds

Dublin Bus 30 seconds

Dublin Bikes 1 minute

Dart/Rail 5 minutes

Busáras 7 minutes

Car Parks Arnotts, Jervis Centre, Jervis Street & Parnell Street

47-48O’CONNELL STREET

HIGH-PROFILE LOCATION ON DUBLIN’S MOST FAMOUS STREET

O’CONNELL STREETA

BBEY

STR

EET

O’CONNELL STREETLUAS

GREEN LINE

LUASRED LINE

Burger King McDonaldsO’Connell Bridge Starbucks Clarks Eason

47-48O’CONNELL STREET

HIGH-PROFILE LOCATION ON DUBLIN’S MOST FAMOUS STREET

HEN

RY S

TREE

T

Eason Clerys

Penneys

M&S GPO

Arnotts

SHOPPING CENTRE

IlacSHOPPING CENTRE

JervisShopping

Centre

Dunnes Stores

IlacShopping

Centre

Debenhams

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 DETAILSSchuh 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 DETAILDublin 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 millionPopulation of

Greater Dublin Area (2016 Census)

30 millionHenry Street

Footfall per annum(Dublin BID)

€4,500 p smPrime Rents

Henry Street Zone A

+2.3%Volume of Retail Sales

Year to March 2018 (excluding Motor Sales)

10.65 millionDublin Visitors in 2017

(CSO)

101.8 Consumer Sentiment

Index March 2018(KBC/ESRI Consumer

Sentiment Index)

+4.7% p.a.Annualised Average Increase High Street

Rents 2018-2022

27%Retail accounted for

27% of investment spend in Q1 2018

+4.8% GDPIreland is on track to be

fastest growing economy in the Eurozone for 5th year

running in 2018

FLOOR PLANS

ELEVATION TO O'CONNELL STREET

Ground Floor183.5 SQ M 1,976 SQ FT

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

First Floor129.9 SQ M 1,399 SQ FT

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Second Floor141.6 SQ M 1,524 SQ FT

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Second Floor Third Floor

Service Riser

hatch

Service Riser

hatch

Sta�room

O�ce

Cash O�ce

Void

Third Floor124.3 SQ M 1,338 SQ FT

Fourth Floor123.2 SQ M 1,326 SQ FT

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Second Floor Third Floor

Service Riser

hatch

Service Riser

hatch

Sta�room

O�ce

Cash O�ce

Void

Basement204.2 SQ M 2,198 SQ FT

Fourth Floor123.2 SQ M 1,326 SQ FT

Ground Floor First Floor

Cash Desk

Holding

Corridor

Corridor

Void

Service Riser

Cash Desk

LobbyProtected

Dis WC

Holding

Protected Lobby

NORTH NORTH

Stockroom

Stockroom Stockroom

StockroomStockroom

Stockroom

StoreStore

B A S E M E N T F L O O R P L A N

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

TITLEThe property is held freehold

AGENTSViewings 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

SOLICITORPaul Diggin A&L Goodbody 25-28 North Wall Quay Dublin 1Email: pdiggin@algoodbody.comDirect Dial: +353 (1) 649 2258

BER Number: 800324428 BER Indicator: 393.32 kWh/m²/yr 1.15

PSRA LICENCE NO. 001528