FOR SALE BY PRIVATE

TREATY

HENRY STREETDUBLIN 1NO.4

PRIME RETAIL INVESTMENT OPPORTUNITY

D1

Henry Street is one of Dublin’s busiest retail locations with a footfall in 2017 in excess of 17 million. Along with Grafton Street it is one of the prime shopping streets in the city and is home to international brands such as Zara, H&M, Debenhams, Marks and Spencer, JD Sports, Pull and Bear and River Island. On Henry Street, the subject property is situated in one of the very best pitches, between Arnotts Department Store and Marks and Spencer and directly opposite Debenhams and the ILAC Centre.

Accessibility to the Henry Street area is second to none with the public transport offering including the LUAS Red line stops at Jervis and Abbey Street, Dart stations at Connolly and Tara Street and many Dublin Bus stops at O’Connell Street. For car-borne shoppers, there are multi storey car parks at the adjacent Arnotts Department Store, Jervis Shopping Centre, Jervis Street, the ILAC Centre and Parnell Centre. These together will provide over 2,800 car spaces.

EXECUTIVE SUMMARY• Flagship retail premises

• Prime retail pitch on one of Dublin’s premier retail streets

• Fully let to Shuz 4 U trading as Skechers

• 15 year lease from 1 September 2010 at €360,000 per annum

• Fixed increase to €365,000 in 2019

• Tenant break option in 2020

• Excellent regular retail footprint with 5.24m frontage

• Rear loading bay via secure laneway

• Secure investment and attractive lot size

• Tenant not affected

THE HEART OF RETAILING IN DUBLIN CITY

NO. 4 HENRY STREET DUBLIN 1

NO.4HENRY STREETDUBLIN 1

PURPOSE BUILT RETAIL BUILDING4 Henry Street is a purpose built four storey over basement modern building extending to approximately 494.35 sq. m. (5,321 sq. ft.). The ground floor, which has a frontage to Henry Street of 5.24m (17ft), comprises 184.61 sq. m. (1,987 sq. ft.). The ground floor comprises an attractive retail area with storage to the rear which has a loading bay accessed from Proby’s Lane, a secure gated laneway off Liffey Street. The basement area is currently used for stores as well as an office and staff canteen with the upper floors also providing extensive storage accommodation.

TENANTShuz 4 U are the exclusive Skechers Retail Franchisee for Ireland and Northern Ireland currently operating 17 retail stores in the region. 4 Henry Street was the first store opened in 2010 and is the flagship in the group. Skechers is a multi-billion-dollar global leader in the footwear industry with over 2,500 retail stores.

THE HEART OF RETAILING IN DUBLIN CITY

ACCOMMODATION

TWM floor areas are based on layout at the time of letting Any intended purchaser will need to satisfy themselves as to the exact area of the subject property

Floor Use sq. m. sq. ft.

Ground Floor Retail 165.83 1,785Ground Floor Storage 18.78 202Basement Retail 134.93 1,452Basement Storage/Office 41.30 445First Floor Rear Storage 47.27 509First Floor Storage 14.90 160Second Floor Storage 28.12 303Third Floor Storage 43.22 465Total 494.35 5,321

Ground Floor ITZA 60.34 649

TENANCY OVERVIEWTenant Lease

Start DateLease Tenant

Break DateBreak Notice

NextReview

Contracted Rent pa

Shuz 4 U t/a Skechers

1 Sept. 2010 15 years 1 Sept. 2020 6 months written notice

1 Sept. 2020 €360,000 increasing to €365,000 on 1 Sept. 2019

NO. 4 HENRY STREET DUBLIN 1

PRIME RETAIL INVESTMENT OPPORTUNITY

D1

Zoning“To Consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity” in the Dublin City Development Plan 2016-2022.

BER Rating D1BER number, Energy Performance Indicators & Full Building Energy Rating Certificate available on request.

TitleFreehold

VATWe understand that VAT is applicable on the sale by way of ‘Transfer of Business Relief’

ProposalOffers are sought in excess of €8,350,000 equating to a net initial yield of 3.97% (rising to 4.03% in 2019) assuming standard purchaser costs of 8.46%.

ViewingsStrictly by appointment with the sole selling agents. Please contact Sean O’Neill, Patricia Ward or Ben Haythornthwaite.

Sean O’NeillT: +353 (0)1 678 5901

M: +353 (0) 86 388 9303

E: sean@twmproperty.ie

Patricia WardT: +353 (0)1 611 0324

M: +353 (0) 86 243 7912

E: patricia@twmproperty.ie

Ben Haythornthwaite T: +353 (0)1 611 0320

M: +353 (0) 87 671 0219

E: benjamin@twmproperty.ie

4/5 Dawson StreetD02 FH72 Ireland

TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 1.These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and 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 himself/herself by in-spection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. VAT may be payable on the purchase price. PSRA No: 001835