SOLD | 1640 F St, Sparks | 2 Units | $315k | 6.5% Cap
Anchorage Brochure Final 27.02.15
1. FOR SALE
By Private Treaty
(Tenants Unaffected)
Prime Investment opportunity in South Docks with River Liffey frontage.
01 6611233 | www.realestate.bnpparibas.ie
17-19 Sir John Rogerson’s Quay, Dublin 2
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PLAY
VIDEO
2. LUAS
LUAS LUAS
LUASCROSSCITY
LUAS
MERRION
SQUARE
SOUTH DOCK
STREET PARK
R i v e r L i f f e y
R i v e r L i
R i v e r L i f f e y
R i v e r L i f f e y
ST STEPHENS GREEN
IVEAGH
GARDENS
HERBERT
PARK
TRINITY
COLLEGE
BUS STATION
CUSTOM
HOUSE
CONNOLLY
STATION
TARA STREET
STATION
IFSC
PEARSE STREET
STATION
GRAND CANAL
DOCK STATION
DUBLIN
ESTATE
LANDSDOWNE ROAD
STATION
G r a n d C a n a l
MESPILROAD
GRAND PARADE
HADDINGTONROAD
BATH AVENUE
SHELBOURNEROAD
O'CONNELLSTREET
LWRBAGGOTST.
PEMBROKE ROAD
SUSSEXROAD
CAMDENSTUPR
CAMDENSTLWR
CUFFE ST
AUNGIERSTREET
WESTLANDROW
LOMBARDSTREET
LOWER MOUNT ST.
LOWERGRANDCANALST
HANOVER QUAY
BENSONSTREET
GRANDCANALQUAY
CITY QUAY
GEORGE'S QUAY
CUSTOM HOUSE QUAY
ASTON QUAY
BURGH QUAY
EDEN QUAY
BACHELORS WALK
WELLINGTON QUAY
ORMOND QUAY LOWER
WOOD QUAY
ESSEX QUAY
MERCHANTS QUAY
INN'S QUAY
CLANBRASSILST
PATRICKSTREET
FRANCESSTREET
SOUTH CIRCULAR ROAD
ST STEPHENS GREEN SOUTH
ST STEPHENS GREEN NORTH
NASSAU STREET
PEARSE STREET
PEARSE STREET
PEARSE STREET
MACKENSTREET
GUILDSTREET
SIR JOHN ROGERSON’S QUAY
SIR JOHN ROGERSON’S QUAY
TOWNSEND STREET
ABBEY ST LOWER
ABBEY ST MIDDLE
ABBEY ST UPPER
CAPELSTREET
CAPELSTREET
MARY STREET
HENRY STREET
AMIENSSTREET
MERRIONSQSOUTH
MERRIONSQNORTH
BAGGOT STREET
MERRIONSTUPR
KILDARESTREET
DAWSONSTREET
FENIAN ST
GRAFTONSTREET
GEORGESSTREET
MARLBOROUGHST
GARDINERSTLOWERTARASTREET
STSTEPHENSGREENEAST
BARROWSTREET
EASTWALLROAD
LEESONSTREETLOWER
ORMOND QUAY
AVIVA
STADIUM
Shelbourne Park
Greyhond Stadium
Bord Gáis
Theatre
3
Arena
Convention
Centre
LUAS
LUAS
LUASCROSSCITY
SOUTH DOCK
STREET PARK
R i v e r L i f f e y
R i v e r L i f f e y
BUS STATION
CUSTOM
HOUSE
CONNOLLY
STATION
TARA STREET
STATION
IFSC
PEARSE STREET
STATION
DUBLIN
ESTATE
G r a n d C a n a l
D o c k
WINDMILL LANE
TRINITY
COLLEGE
O'CONNELLSTREET
WESTLANDROW
LOMBARDSTREET
LOWER
HANOVER QUAY
BENSONSTREET
GRANDCANALQUAY
CITY QUAY
GEORGE'S QUAY
CUSTOM HOUSE QUAY
ASTON QUAY
BURGH QUAY
EDEN QUAY
BACHELORS WALK
WELLINGTON QUAY
ORMOND QUAY LOWER
NASSAU STREET
PEARSE STREET
PEARSE STREET
HANOVER STREET
PEARSE STREET
MACKENSTREET
LIMESTREET
GUILDSTREET
SIR JOHN ROGERSON’S QUAY
SIR JOHN ROGERSON’S QUAY
TOWNSEND STREET
ABBEY ST LOWER
ABBEY ST MIDDLE
ABBEY ST UPPER
MARY STREET
HENRY STREET
AMIENSSTREET
MERRIONSQNORT
ESTREET
DAWSONSTREET
FENIAN ST
GRAFTONSTREET
GEORGESSTREET
MARLBOROUGHST
GARDINERSTLOWERTARASTREET
ARROWSTREET
Bord Gáis
Theatre
Unique opportunity to
acquire a modern South
Docks building with
frontage to the River Liffey.
5-storey over basement
Grade A Office & Retail
property constructed in
2008.
Extends to a net internal
area of 2,470 sq.m. with 9
secure surface car spaces
to rear.
Fully let and producing
current rental income of
approx. €1.254 million p.a.
from 4 separate tenants.
BNP Paribas Real Estate
forecast prime office rents
in Dublin will reach €600
p.sq.m by end 2015.
I n v e s t m e n t
H i g h l i g h t s
www.theanchoragedublin.com
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3. L o c at i o n
The Anchorage is located at the corner of Sir John
Rogerson’s Quay and Lime Street, in Dublin’s South
Docks offering profile to and spectacular views of the
River Liffey, IFSC and the North Docks.
The Dublin docklands have undergone a radical
transformation in recent years from predominantly
Port related uses to providing modern Office, Retail
and Residential accommodation to a new generation
of occupiers and residents. The South Docks area
is Dublin’s most dynamic district and is now widely
recognised as the City’s most sought after Office
location. It benefits from convenient City Centre
location, excellent accessibility and high quality third
generation office stock.
The property is ideally positioned to take advantage
of the City’s public transport infrastructure and has
numerous transport links nearby including DART at
nearby Grand Canal Dock or Pearse Street stations and
Luas connectivity directly across the river in the IFSC.
Also located within close proximity are Busaras (Central
Bus) and Connolly/Pearse Street Stations (Mainline
Rail). The property is also serviced by the Dublin bike
scheme at Lime Street. The recent opening of the stylish
Samuel Beckett and Sean O’Casey bridges have greatly
improved connectivity from Sir John Rogerson’s Quay
to the North Docks.
Since re-development of the area began in earnest
at the turn of the century, the surrounding area has
become a vibrant hub attracting numerous high profile
corporate Office occupiers from the Legal/ICT/and
Financial sectors who have made the South Docks their
home. These include McCann Fitzgerald, William Fry;
Facebook, Google; State Street & HSBC.
The immediate area is well serviced by amenities and
facilities including numerous hotels, bars, restaurants,
coffee shops, supermarkets and fitness centres.
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the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2
6. D e s c r i p t i o n / S p e c i f i c at i o n
Third generation Office & Retail block designed by HKR Architects
and completed in 2008. The distinctive waterfront building, with stone
panelling and glazed cladding to the Northern and Eastern elevations,
extends to 2,470 sq.m. and benefits from dual aspects with 25 metres
frontage to Sir John Rogerson’s Quay and the River Liffey and 32 metres
frontage to Lime Street. The property features an Italian style Café/
Restaurant and Office lobby at ground floor level and secure surface
parking for 9 cars to rear with access from Lime Street. L-shaped floor
plates provide an average of 500 sq.m. of Office accommodation on
the First to Fourth floors. The Penthouse floor extends to 215 sq.m. of
Office accommodation plus a wraparound deck affording the occupier
panoramic views of the City.
Specification within the Grade A Office accommodation includes:
• Raised floors and suspended ceilings with recessed lighting.
• Air-conditioning (floor by floor VRV system)
• Perimeter trench heating system
• Fresh air ducted vent system to all levels
• 2 No. 8 person lifts serving all levels
• Intruder alarm and CCTV security system
Specification within the Ground Floor lobby includes:
• Black basalt stone tile finish to floors
• Concierge desk
• Soft furnishings for visitors
Building Dimensions
• Typical slab to slab within the upper floor Office accommodation is
3.45 metres
• Typical Floor to ceiling of 2.9 metres.
• Floor void depth 150 mm.
7. A c c o m m o d at i o n
The subject property extends to a total floor area of 2,470 sq.m. plus 9 secure surface car
spaces to rear. The net internal floor area breakdown is as follows:
Purchasers are specifically advised to independently verify the floor areas and to
undertake their own due diligence.
the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2
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Floor Description Occupier Area (Sq.M.)
Basement
Store/Canteen d’Amico 141.8
Store/Comms Room 14.8
Ground
Lobby Common N/A
Restaurant Café Parigi 96.3
First Office Walkers 477.6
Second Office Walkers 513.9
Third Office d’Amico 521.1
Fourth Office Bloomberg 489.4
Fifth/Penthouse Office Walkers 215.4
Total 2,470.3
8.
9. Sir John Rogerson’s Quay,
RETAILUNIT
RECEPTION
LIMEstreet
F L O O R P L A N S
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the ANCHORAGE | 17-19 Sir John Rogerson’s Quay | Dublin 2
Penthouse
Ground Floor
1st Floor
(Typical Office Floorplate)
10. Demise Tenant Lease From Break Clause
Car
Spaces
Next Review
Floor Area
Sq m
Rent € p.a
Basement d’Amico Dry* 20 Years 07/05/2008
Tenant 06/05/2018
& 06/05/2023
subject to 12 months
prior notice
07/05/2018 141.8 –
Basement 14.8
Ground
Floor
Cafe Parigi Limited 25 Years 17/11/2008 07/11/2018 96.3 55,000
1st & 2nd
Floors
Gary Ferguson,
Paul Farrell &
Kenneth Rush t/a
Walkers Ireland**
10 Years 12/05/2010 4 12/05/2015 991.5 346,199.50
3rd Floor d’Amico Dry* 20 Years 07/05/2008
Tenant 06/05/2018
& 06/05/2023
subject to 12 months
prior notice
2 07/05/2018 521.1 384,217.55
4th Floor BloomBerg LP 20 Years 21/04/2008
Tenant 20/04/2018
subject to 12 months
prior notice
2 21/04/2018 489.4 349,380.00
5th Floor
Penthouse
Gary Ferguson,
Paul Farrell &
Kenneth Rush t/a
Walkers Ireland**
10 Years 01/10/2014 1 01/10/2019 215.4 118,950.00
TOTAL 9 2,470.3 1,253,747.05
T e n a n c y S c h e d u l e
I n c o m e P r o f i l eC o v e n a n t D e ta i l s
Café Parigi
Italian style Café/Restaurant serving
breakfast, lunch & evening meals.
Walkers
Walkers Ireland is part of the leading
international Corporate & Finance law
firm Walkers Global. The leases have
been signed by the Irish partners and
a letter of credit has been supplied by
UBS AG. For further information please
consult www.walkersglobal.com
d’Amico
Shipping group d’Amico was founded in
1936 and is a top ten global company
in its field. It has operations in dry
cargo ships, tankers, and auxiliary
maritime services. D’Amico Ireland
has been in existence since 2001 and
the lease is guaranteed by d’Amico
International S.A. who have a D&B
rating of 5A 1. For further information
please consult www.damicoship.com
Bloomberg LP
Bloomberg LP is a privately held
financial software, data and media
company founded by former mayor
of New York Michael Bloomberg. It
is the market leader in the provision
of financial software and has its
own television network. For further
information please consult
www.bloomberg.com
Café Parigi 4%
Walkers 37%
d ’Amico 31%
Bloomberg 28%
Occupier % Current Income
*Lease guaranteed by d’Amico International S.A.
**Bank letter of credit provided.
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t018459925
einfo@avalanchedesign.ie
wwww.avalanchedesign.ie
Brochuredesignby
P r o p e r t y A d v i s o r s
T 01 6611233
www.realestate.bnpparibas.ie
BNP Paribas Real Estate
20 Merrion Road, Ballsbridge, Dublin 4 T +353 1 6611233 reception.dublin@bnpparibas.com
20 Merrion Road, Ballsbridge, Dublin 4
Further information and contact:
Peter Flanagan or Kenneth Rouse
of our Investment department.
Phone: +353 1 6611233
Email: peter.flanagan@bnpparibas.com
Kenneth.rouse@bnpparibas.com
BNP Paribas Real Estate gives notice that these particulars are set out
for general outline only, for the guidance of intending Purchasers and do
not constitute, nor constitute part of an offer or contract. All descriptions,
dimensions, references to condition and other details are given without
responsibility and any intending Purchasers should not rely on them as
statements or representations of fact, but must satisfy themselves or otherwise
as to the correctness of each of them. All floor areas are approximate.
B E R D e ta i l s
BER Number: 800012585
Energy Performance Indicator:
483.86 kWh/m2/yr 1.44
VAT
We are advised that VAT will be
charged on the proposed sale of
the property.
P r i c e
We are quoting a guide price
of €25 million for the subject
Investment which would provide an
Investor with a net initial yield of
4.80% after allowing for standard
purchaser’s costs of 4.46%.
T i t l e
We understand the property is
held freehold.
W e b s i t e &
D ata r o o m
www.theanchoragedublin.com
S o l i c i t o r s
A.C. Forde & Co. Solicitors
14 Lansdowne Road,
Dublin 4
Contact: Rita Garvey
Phone: +353 1 6608955
Email: ritagarvey@acforde.com