MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6

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MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
For Sale Individually or as
                            One Lot by Private Treaty

RAVENSCOURT
        MERCURY HOUSE
        Sandyford Business Park, Dublin 18
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
LUAS GREEN
                       LINE

 BEACON HOTEL/                    BEACON SOUTH   MERCURY HOUSE   RAVENSCOURT
                  GRAFTON GROUP
BEACON HOSPITAL                     QUARTER
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
DUN &     STILLORGAN LUAS
    BRADSTREET       STATION

                                                        KEY POINTS
                                                        •   Total gross internal floor area 8,522 sq m
                                                            (91,731 sq ft)

                                                        •   Total rent of €1,119,798 p.a.

                                                        •   Tenants include Chill Insurance, Mercury
                                                            Engineering and Innopharma

                                                        •   90% occupied

                                                        •   Asset management potential through letting
                                                            of vacant space and re-gearing existing
                                                            leases

                          MICROSOFT/
MARS, IRELAND                          BLACKTHORN RD.
                          SALESFORCE
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
RAVENSCOURT

THE OPPORTUNITY
On behalf of the Vendors, CBRE are delighted to present
Ravenscourt & Mercury House; an exceptional collection of office
buildings situated in Sandyford, Dublin’s premier suburban office
location.

The assets, which extend to a total gross internal floor area
of 8,522 sq m (91,731sq ft) are producing an annual income of
€1,119,798 per annum.

Sandyford’s proximity to the amenities of the south suburbs, ease
of accessibility to the City Centre by road and LUAS, coupled
with quality occupiers in the vicinity make it an attractive office
location.

Ravenscourt & Mercury House provide the opportunity to
implement a number of asset management and value-add
opportunities. They include leasing and lease restructurings at
a time when the suburban office rental market is experiencing
significant growth.
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
psm

                                                                                                       Q

                                                                                                                                 150

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 HOUSE
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MERCURY
                                                                                                                                                                            296.0
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                                                                                                                                                                                                 SOUTH SUBURBAN OFFICE RENTS

                                                                                                        Q       1
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                                                                                                                16
                                                                                                                                                                  269.0

                                                                                                                                                  '000s Sq M
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                                                                                                                                                                                        18.000

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                                                                                                                                                                                                 SOUTH SUBURBAN OFFICE TAKE UP

                                                                                              20
                                                                                                 16
          Source for both charts: CBRE Research, Q2 South Suburban Office Review 2016
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
LOCATION
The Sandyford Business Park is a highly successful and
established business environment in the heart of the
South Dublin suburbs, approximately 9 kms from Dublin
city centre. This mixed use is strategically situated in a
pivotal location at one of the main gateways to the City
Centre. The area is characterised by numerous modern
commercial and residential developments including large
scale schemes at Beacon South Quarter, Beacon Court and
Central Park.

Sandyford benefits from prime public transport links
with its own Luas stop that takes passengers direct to St.
Stephen’s Green in 22 minutes. It is also easily accessible
by car, with the M50 Junction 13 interchange immediately
to the south providing access to a host of national arterial
routes and Dublin Airport in 25 minutes. In addition there
are numerous Dublin Bus routes that serve Sandyford
which connect to the city centre, Tallaght, Dun Laoghaire
and Bray as well as an Aircoach link direct to Dublin Airport.

The Sandyford area is the number one suburban business
location in Dublin and is home to a large number of high
profile multi-national occupiers including Microsoft, Avid,
Dun & Bradstreet, Vodafone, Salesforce, Bayer, Avaya and
many others. A major attraction of Sandyford for these
corporate occupiers is the host of amenities in the vicinity.
These include:

Retail - Dunnes, Aldi, Centra, Spar, Woodies, BoConcept,
EZ Living, Maxi Zoo

Hotels - The Beacon Hotel, Bewley’s Hotel

Eateries - Pizza Hut, Starbucks, Munchies, La Dolce Vita,
Barista Café, Michie Sushi, Woodfire & Green

Childcare - Park Academy Childcare, Cherry Blossom
Creche, Kidz Biz Nursery

Gym / Leisure - Ben Dunne Gym, Chapter 2 Fitness,
CrossFit, Ski Centre, Jump Zone

Others - Beacon Hospital, Sandyford Motor Park
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
RAVENSCOURT

                                                                                   SPECIFICATION
Ravenscourt benefits from excellent profile on to Blackthorn Road in the heart
of Sandyford Business Park. It is just 650 metres from the Sandyford LUAS
(Green Line) stop which serves Dublin City Centre at St. Stephen’s Green in
only 22 minutes.
                                                                                   •   Raised access platform flooring

Ravenscourt comprises a multi let, stand alone office development which is         •   Suspended ceilings incorporating
divided over 5 blocks. The property extends to a Gross Internal Floor Area of          CAT 2 lighting
approximately 5,780 sq m (62,211 sq ft) together with a total of 119 car spaces
                                                                                   •   High Speed Data Cabling
at basement level.
                                                                                   •   Gas Fired Central Heating
The largest building, Block B comprises a six storey detached office property      •   Split systems air conditioning in
with glass façade which benefits from frontage onto Blackthorn Road.                   Blocks A, D & E with a VRF system
Internally the property is finished to a high standard with raised access floors       in Block B
and suspended ceilings

Block C, D & E comprise 3 storey office buildings which extends to 3,256.53
sq m (35,052 sq ft). Internally the properties are broadly “L” shaped which
provides flexibility for occupier requirements. Block E is currently vacant but
is in “turn-key” condition, fitted and suitable for immediate occupancy.

Block A comprises a two storey detached restaurant and is fitted out to a high
standard. This unit extends to an area of approx. 235 sq m (2,530 sq ft) GIA.
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
TENANCY              TENANT             LEASE         TERM        BREAK          NEXT RENT        CURRENT          USE      SIZE    CARS
    BLOCK                NAME              START          YRS        CLAUSE          REVIEW          RENT PA                  SQ FT
                                                                                                                              (GIA)

    BLOCK A        Ciara Reid &            1-Jan-03       25         31-Dec-27        1-Jan-18       €65,000 2       Retail   2,530     2
                   Maeve Reid
                   t/a Brambles
                   Delicatessen &
                   Café 1

    BLOCK B        Chill Insurance         5-Dec-14       10         5-Dec-19        5-Dec-19        €356,313       Offices   24,642    60

    BLOCK C        Innopharma Labs         1-Oct-15       15         1-Oct-22        1-Oct-20        €255,056 3      Office   18,065    15
                   Ltd

    BLOCK D        Chill Insurance         1-Aug-16       10         1-Aug-21         1-Aug-21        €128,696      Offices   8,478     10

    BLOCK E        Vacant                                                                                           Offices   8,496     8

   Additional      Mercury
                                          1-Jan-05 4      20        31-Dec-20                        €24,000          Cars     24       24
   Car Spaces      Engineering Ltd

     TOTAL                                                                                           €829,065 5               62,211   119

Block A 1 Tenant has right to assign to Dunbair Ltd before September 2017, subject to payment of €50,000 security deposit.
Block A 2 Contracted rent is abated to €45,000 until 31 December 2018.
Block C 3 Innopharma have 10 months’ rent free left on their lease with 3 months in Year 2-4 & 1 month in Year 5.
Car Parking 4 Car spaces held by way of licence agreement.
Total 5 The net effective rent is €755,927p.a.
MERCURY HOUSE RAVENSCOURT - 2 Grand Parade 19 & 19A Dartmouth Road, Dublin 6
MERCURY HOUSE

 TENANCY      LEASE      TERM   BREAK       NEXT RENT   CURRENT     SIZE    CARS
              START      YRS.   CLAUSE       REVIEW     RENT PA    SQ FT
                                                                   (GIA)

Mercury       1-Jan-05    20    31-Dec-20    1-Jan-21   €310,733   29,520    52
Engineering
Ltd
Mercury House benefits from profile
on to Ravens Rock Road in the heart
of Sandyford Business Park. It is just
650 metres from the Sandyford
LUAS (Green Line) stop which
serves Dublin City Centre at St.
Stephen’s Green in only 22 minutes.

Mercury House is a detached
building which is currently in office
and storage use and extends to
a Gross Internal Floor Area of
approximately 2,742 sq m (29,520
sq ft) together with a total of 52
surface car spaces.

                                         SPECIFICATION
                                         •   Concrete floors
                                         •   Suspended ceilings incorporating
                                             CAT 2 lighting
                                         •   Gas fired Central Heating
                                         •   8 Person Lift
PLANNING                                                                                                         PROPOSAL
 The properties are located in an area                                                                            Ravenscourt & Mercury House are being offered
 that is zoned A2 “to provide for the                                                                             for sale individually or as one lot by Private
 creation of sustainable residential                                                                              Treaty. It will therefore be necessary for buyers
 neighbourhoods and preserve and                                                                                  to apportion individual purchase prices for each
 protect residential amenity” In the                                                                              of the assets in addition to an overall price, if
 Dun Laoghaire Rathdown County                                                                                    bidding on both properties.
 Development Plan 2016-2022.
                                                                                                                  No warranties or guarantees in any respect,
                                                                                                                  including but not limited to VAT, can be given.
                                                                                                                  The Vendors are not bound to accept the
                                                                                                                  highest, or indeed any offer, and are acting
                                                                                                                  without personal liability. For the avoidance of
                                                                                                                  doubt, please note that this is an investment
                                                                                                                  sale, therefore all tenants are unaffected.

RAVENSCOURT
                                                                                MERCURY HOUSE
                                                                                                                                           BER
 WILLIE NORSE                                                                                                                              RAVENSCOURT
 T: (01) 618 5529                                                                                                                          BER C1 – D1
 E: Willie.norse@cbre.com                                                                                                                  BER No. 800152175 – 800152167

                                                                                                                                           MERCURY HOUSE
 STEPHEN AHERNE
                                                                                                                                           BER E1
 T: (01) 618 5718                                                                                                                          BER Number 800474389
 E: Stephen.aherne@cbre.com

 DISCLAIMER: CBRE
 These particulars are issued by CBRE Ireland on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing
 them, CBRE Ireland 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 Ireland, nor any of their employees have any authority to make any or give any representation or
 warranty in relation to the property.
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