NO.4 HENRY STREET DUBLIN 1 - TWM
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PRIME RETAIL INVESTMENT OPPORTUNITY
NO.4 HENRY STREET
FOR SALE
BY PRIVATE
TREATY DUBLIN 1
D1
NO. 4 HENRY STREET DUBLIN 1
THE HEART OF RETAILING IN
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
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
NO.4
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
HENRY STREET
opposite Debenhams and the ILAC Centre. DUBLIN 1
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.
NO. 4 HENRY STREET DUBLIN 1
DUBLIN CITY
PURPOSE BUILT RETAIL BUILDING
4 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.
TENANT
Shuz 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.
ACCOMMODATION
Floor Use sq. m. sq. ft.
Ground Floor Retail 165.83 1,785
Ground Floor Storage 18.78 202
Basement Retail 134.93 1,452
Basement Storage/Office 41.30 445
First Floor Rear Storage 47.27 509
First Floor Storage 14.90 160
Second Floor Storage 28.12 303
Third Floor Storage 43.22 465
Total 494.35 5,321
Ground Floor ITZA 60.34 649
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
TENANCY OVERVIEW
Tenant Lease Lease Tenant Break Next Contracted
Start Date Break Date Notice Review Rent pa
Shuz 4 U t/a 1 Sept. 2010 15 years 1 Sept. 2020 6 months 1 Sept. 2020 €360,000
Skechers written increasing to
notice €365,000 on
1 Sept. 2019
PRIME RETAIL
INVESTMENT OPPORTUNITY
Zoning VAT
“To Consolidate and facilitate the development of the We understand that VAT is applicable on the sale by way of
central area, and to identify, reinforce, strengthen and ‘Transfer of Business Relief’
protect its civic design character and dignity” in the Dublin
City Development Plan 2016-2022.
Proposal
Offers are sought in excess of €8,350,000 equating to a
BER Rating D1 D1
net initial yield of 3.97% (rising to 4.03% in 2019) assuming
BER number, Energy Performance Indicators & Full Building standard purchaser costs of 8.46%.
Energy Rating Certificate available on request.
Viewings
Title Strictly by appointment with the sole selling agents.
Freehold Please contact Sean O’Neill, Patricia Ward or Ben
Haythornthwaite.
4/5 Dawson Street
D02 FH72
Ireland
Sean O’Neill Patricia Ward Ben Haythornthwaite
T: +353 (0)1 678 5901 T: +353 (0)1 611 0324 T: +353 (0)1 611 0320
M: +353 (0) 86 388 9303 M: +353 (0) 86 243 7912 M: +353 (0) 87 671 0219
E: sean@twmproperty.ie E: patricia@twmproperty.ie E: benjamin@twmproperty.ie
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
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