43/44 O CONNELL STREET UPPER. Prime Retail For Sale or To Let. BER Exempt

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1 43/44 O CONNELL Prime Retail For Sale or To Let BER Exempt STREET UPPER D U B L I N

2 FLAGSHIP OPPORTUNITY O Connell Street is situated on one of Dublin s prime retail thoroughfares The subject property is situated on the corner of O Connell Street Lower and Abbey Street Middle. O Connell Street is dominated by the 120 metre tall Spire of Dublin and the historic General Post Office (GPO) which is 30 metres from the subject property. O Connell street is one of the main thoroughfares of Dublin, connecting the north inner city to the south via O Connell bridge. O Connell Street is Dublin s principal thoroughfare and a tourism destination frequented by thousands of visitors each day. The area is excellently serviced by public transport through the LUAS and all major bus routes. 2 3

3 PRIME RETAIL ON DUBLIN S MOST FAMOUS STREET JERVIS SHOPPING CENTRE ARNOTTS ILAC SHOPPING CENTRE THE GPO O CONNELL STREET UPPE R O CONNELL GPO FORMERLY CLEARY S DEPARTMENT STORE (REDEVELOPMENT IN PLANNING) TO BUSÁ RAS TRANSPORT LINKS R I V E R L I F F E Y ABBEY STREET Luas Dublin Bus 30 seconds 30 seconds Dublin Bikes 1 minute DART/Rail 5 minutes TO TARA ST DART STATION Busáras Car Parks 7 minutes Arnotts, Jervis Centre, Jervis Street & Parnell Street 4 5

4 I C O N N E C T B U T L E R S C H O C O L A T E C A F É TOURIST INFO D U B L I N A I R P O R T C O L E S L A N E B I G C I T Y T R A V E L G O O D S H E N R Y S T R E E T D I R E C T I O N M E N S W E A R T H E B R A N D E D D I S C O U N T O U T F I T K O R K Y S Valdo Zeni Smiles Dental V I S I O N E X P R E S S T H E H E A L T H S T O R E GPO E L V E R Y S Formerly Cleary s Department Store (redevelopment in planning) M A R Y S T R E E T L I F F E Y S T R E E T O CONNELL STREET UPPE R THE OVAL O C O N N E L L S T R E E T O Connell GPO S A C K V I L L E P L A C E TOURIST OFFICE INDULGE Madigan s Reynold s Newsagents Abbey Street Veritas O Connell Street: One of Dublin s most visited tourist destinations T R E E T DUBLIN RETAIL IN DETAIL A B B E Y S T R E E T NEW YORK DRY CLEANERS BANYI NOODLES CAFE CREMA TERRI S HAIR SUPPLIES CELEBRATIONS GOVINDA S BOBO S BURGERS BOOK WORMS The Grand Central Bar Hamilton Long Pharmacy Occupiers on the street include, Eason s, Penny s, Schuh, McDonalds as well as other international retailers on Henry Street, Dublin s north city centre pedestrianised high street, which is accessed only metres north of this property. Major shopping destinations nearby include Ilac Shopping Centre, Jervis Street Shopping Centre, Arnotts and Debenhams all of which are located along Henry Street. E D E N Q U A Y 1.9 MILLION Population of Greater Dublin Area (2016 Census) 30 MILLION Henry Street footfall per annum (Dublin BID) G R E A T S T R A N D S T R E E T +2.3% Volume of Retail Sales Year to March 2018 (excluding Motor Sales) MILLION Dublin Visitors in 2017 (CSO) L I F F E Y S T R E E T 27% Retail accounted for 27% of investment spend in Q L O T T S +4.8% GDP Ireland is on track to be fastest growing economy in the Eurozone for 5th year running in 2018 L I T T O N L A N E Abbey Court B A C H E L O R S W A L K R I V E R L I F F E Y G R A F T O N S T R E E T I F S C The street is one of Dublin s most visited tourist destinations due to its historical importance and it s established retail and entertainment offering. The area has excellent connectivity to the public transport network including the Luas, Dublin Bus, Dublin Bikes and local and regional rail network at Connolly Station. 4,500 P SM Prime Rents Henry Street Zone A Consumer Sentiment Index March 2018 (KBC/ESRI Consumer Sentiment Index) +4.7% P.A. Annualised Average Increase High Street Rents

5 DESCRIPTION No O Connell Street was developed in 1926 and midterrace five storey over basement period building providing retail accommodation at ground level with office above and ancillary accommodation overhead and at basement level. Stunning Building of 948 sq. m. (GIA) Five storeys over basement Retail and Office accommodation Return frontage Busy thoroughfare Corner building in Flagship location 8 9

6 FLOOR PLANS Basement Floor UNDERCROFT INACESSIBLE 1st Floor 3rd Floor Schedule of Accommodation We understand that the approximate Net Internal Floor Areas are as follows: UP DOWN FLOOR SQ. M SQ. FT BOILER ESB Basement 128 1,510 NO ACCESS UNDER STAIRS UP Ground 140 1,380 YARD NO ACCESS WC 1st Floor 130 1,404 2nd Floor 124 1,334 3rd Floor ,417 4th Floor ,425 Total ,470 * Total Gross Internal Floor Area sq. m (10,207 sq. ft). Ground Floor 2nd Floor 4th Floor Interested parties are specifically advised to verify the floor areas and to undertake their own due diligence. Planning The current planning permission (Ref. No. 3130/00) granted permission for change of façade. This planning was granted. The ground and basement level are suitable for general retail uses and subject to obtaining the necessary planning permission for restaurant use. CONCERTINA GATE WC WC

7 FURTHER INFORMATION AND CONTACTS Lease The property is available to let by way of a new long-term lease (FRI). Quoting Rent / Guide Price On Application Rates Entire building - 37,284 (2018) Viewings Viewings are strictly by appointment through the sole letting agents CBRE. Contacts PSRA Licence No Bernadine Hogan +353 (0) bernadine.hogan@cbre.com Robert Gardiner +353 (0) robert.gardiner@cbre.com Title Freehold Disclaimer: CBRE U.C., (CBRE Ireland) These particulars are issued by CBRE U.C., registered in Ireland, no PSRA Licence No 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/Website prepared October 2018.