Prime Secure Georgian Investment Opportunity

72 Eccles Street, Dublin 7

For Sale by Private Treaty (Tenant not affected)

Exceptional Georgian Property For Sale

Four-storey over garden level Georgian building.

Prime location directly opposite the Mater Private Hospital.

Single-let to the Mater Private on FRI upwards-only terms at a passing rent of €150,000 per annum with approx. 11 years unexpired lease term.

Retains many original Georgian features including decorative ceilings, cornices and feature fireplaces.

No.72 Eccles StreetDublin 7

Location

The subject property is situated on the south side of Eccles Street, close to its junction with Dorset Street and directly opposite the main entrance to the Mater Private Hospital. Eccles Street, an area rich in history, is conveniently located in Dublin’s north inner city, enjoying large volumes of both pedestrian and vehicular footfall. The area also enjoys convenient access to O’Connell Street, Dublin’s main thoroughfare, which is just a 10 minute walk away.

The immediate area surrounding the subject property comprises both the Mater Private and Public hospitals as well as a high concentration individual medical practices. The wider surrounding area comprises a mixture of residential and commercial properties and also boasts a wide array of amenities such as cafes, restaurants, bars and hotels.

The property is serviced by excellent public transport facilities, with numerous Dublin Bus routes operating along Dorset Street, connecting the property with Dublin City Centre and its north and south surrounding suburbs. The property is also within a 10 minute walk of Parnell Luas Stop and a 2 minute walk of Hardwicke Place Dublin Bikes Depot.

HEUSTONSTATION

CONNOLLYSTATION

EDEN QUAY

GARDINER PLACEMOUNTJOY SQ N

GARDINER ST LO

WER

GARDINER ST M

IDDLE

GARDINER ST UPPER

BELVEDERE PL

BELVIDERE RD

PARNELL SQ WEST

DOMINICK ST LOWER

DOMINICK ST UPPER

WESTERN WAY

SUMMERHILL

PARNELL STREET

PARNELL STREET

WHITWORTH RD

ECCLES STREET

TEMPLE ST

HILL STREET

MAYOR ST LOWER

COM

MO

NS

STRE

ET

TALBOT ST

CUSTOM HOUSE QUAY

SEAN MAC DERMOTT ST LOWER

SEAN MAC DERMOTT ST UPPER

BUCKINGH

AM ST UPPER

BERKELEY RD

MOUNTJ

OY

ST

CLONLIFFE ROAD

GU

ILD

S

TREE

T

SEVILLE PLACE

PORTLAND ROW

NORTH CIRCULAR ROAD

NORTH CIRCULAR ROAD

DORSET

STRE

ET LO

WER

BOLT

ON STREE

T

NORTH KING ST

CAPEL STREET

NORTH STR

AND ROAD

AMIE

NS

STRE

ET

BALLYBOUGH ROAD

DORSET S

TREET

UPP

ER

CHU

RCH

ST

UP P

ER

CON

STIT

UTI

ON

HIL

L

PHIB

SBO

ROU

GH

RD

JON

E’S

RD

RUSS

ELL S

T

FITZGIBBON ST

O’CO

NN

ELL STREET

PARNELL SQ EAST

D U B L I N

HAROLD’S CROSS

RATHMINES

RANELAGH

KIMMAGE

DRIMNAGH

INCHICORE

BALLSBRIDGE

IRISHTOWN

DONNYSBROOK

EAST WALL

DRUMCONDRA

ASHTOWN

No.72 Eccles Street

No.72 Eccles StreetDublin 7

Description

No. 72 Eccles Street comprises a well presented four storey over garden level Georgian property, extending to a net internal floor area of approx. 382.06 sq m. The property is of traditional Georgian construction, comprising of a traditional red brick façade, single glazed sliding sash windows and situated beneath a pitched tile roof behind a low parapet wall.

Internally, the building has been subject to extensive recent refurbishment works while maintaining many of its original Georgian features. The ground floor is arranged to provide an attractive reception hallway, two consultant’s rooms and a waiting room and male and female W.C.’s at return level. At garden level, the property

is arranged to provide modern office space and a file store. The upper floors are arranged to provide modern office space and a boardroom.

The property boasts many of its original internal features, such as decorative ceilings, cornices and feature fireplaces.

The property has been refurbished to a high internal specification to include plastered and painted walls and ceilings with recessed spotlighting at basement level and suspended fluorescent lighting on the upper levels, carpeted/tiled floors, a gas fired central heating system to wall mounted radiators and wall mounted electrical sockets.

Indicative Net Internal Floor Areas

Floor Sq M Sq Ft

Basement 83.88 902.88

Ground 77.86 838.08

First 77.88 838.29

Second 67.36 725.06

Third 75.08 808.15

Total 382.06 4,112.46

Please note these floor areas are indicative only. All interested parties should satisfy themselves as to the correctness of the information given.

No.72 Eccles StreetDublin 7

Tenancy Details

The entire property is let to The Mater Private at a passing rent of €150,000 on Full Repairing and Insuring (FRI) and Upward Only Rent Review terms. The lease provides for rent reviews every five years from 1st June 2006 and runs to an expiry of 31st December 2030 providing secure income for approx. 11 years term certain. The property serves as both The Mater Privates Heart and Vascular consultant’s rooms and key administrative functions for the hospital. The Mater Private first opened in 1986 and currently operates in 4 locations, Dublin, Cork, Limerick and Liverpool. The parent company, Infravia Capital Partners, is a France based investment company which currently has approximately €4 billion of assets under management across 4 infrastructure funds.

Summary Lease Details

Tenant The Mater Private

Annual Rent €150,000

Term 24 Years, 11 Months and 30 Days

Term Commencement 01/01/2006

Term Expiry 31/12/2030

Break Options No Break Option

Rent Review 5 Yearly

Rent Review Basis Upwards Only

Repairs Full Repairing and Insuring

No.72 Eccles StreetDublin 7

72Additional Information

Title Long Leasehold

Guide Price Excess €2,250,000 exclusive

Viewings Strictly by appointment with the sole agent Knight Frank.

BER Exempt

Contacts

Ross Fogarty T: +353 1 634 2466 E: ross.fogarty@ie.knightfrank.com

Andrew ColferT: +353 1 634 2466E: andrew.colfer@ie.knightfrank.com

These particulars are issued by HT Meagher O’Reilly Limited trading as Knight Frank on the understanding that all the negotiations are conducted through them. These particulars do not constitute, nor constitute any part of an offer or contract. All statements, descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only and are made without responsibility on the part of HT Meagher O’Reilly Limited trading as Knight Frank or the vendor/landlord. None of the statements contained in these particulars, as to the property are to be relied upon as statements or representations of fact and any intending purchaser/tenant should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/tenant shall be liable for any VAT arising on the transaction. The vendor/landlord do not make or give, and neither HT Meagher O’Reilly Limited trading as Knight Frank or any of their employees has any authority to make or give any representation or warranty whatsoever in respect of this property.

Knight Frank is a registered business name of HT Meagher O’Reilly Limited. Company licence Reg. No. 385044. PSR Reg. No. 001266. Designed and produced by Creativeworld. Tel +353 1 447 0553

No.72 Eccles StreetDublin 7

20-21 Upper Pembroke StreetDublin 2 T: +353 1 634 2466

KnightFrank.ie