(Tenant not Affected) · 9 35 Duleek Street, Drogheda, CO. LOUTH 10 Main Street, Maynooth, CO. KILDARE 11 Turkey Road, Tramore, CO. WATERFORD 12 17 Friar Street, Thurles, CO. TIPPERARY

S A L E & L E A S E B A C K P O R T F O L I O

( T e n a n t n o t A f f e c t e d )

SAVILLS ARE DELIGHTED TO PRESENT THE PADDY POWER SALE AND LEASE BACK PORTFOLIO. A unique collection of 14 long established prime city centre, high street, suburban and provincial properties located throughout Ireland for sale in a single lot all of which are currently owner occupied by Flutter Entertainment plc trading as Paddy Power.

Flutter Entertainment plc is the leading international sports betting and gaming group and a constituent of the FTSE 100 index of the London Stock Exchange and ISEQ, Irish Stock Exchange.

*EBITDA is profit before interest, tax, depreciation, and amortisation expenses

THE OPPORTUNITY

INTRODUCTIONThe group employs over 7,500 globally

trades under its core brands:

www.flutter.com

LONG TERM SECURE INCOME

STREAMTotal net portfolio rental

income of €480,000 PER ANNUM

LONG TERM LEASES

A NEW 15-YEAR LEASE AGREEMENT FOR

EACH PROPERTY, with a tenant break at

year 10

5 YEARLY RENT REVIEWS

TO THE HIGHER OF OPEN MARKET RENT

OR CPI, subject to a 5% cap and -0.5% collar on

the CPI element

LOCATION DIVERSIFICATION9 PROPERTIES LOCATED IN DUBLIN AND CORK, with the balance located in prominent provincial towns throughout Ireland

GROUP REVENUE

£1.873bnFOR 2018

PLC PARENT TENANT

COVENANTFlutter Entertainment plc

t/a PADDY POWER

(GBP)

Underlying EBITDA*

£451MFOR 2018

(GBP)

PRE-TA X PROFITS

£219MFOR 2018

(GBP)

149 - 150 Parnell StreetDUBLIN 1

Ground Floor40 Upper Baggot StreetDUBLIN 4

Ground Floor4 Ardcollum AvenueArtaneDUBLIN 5

25 Cardiffsbridge RoadFinglasDUBLIN 11

2/3 Drogheda MallFinglasDUBLIN 11

Unit 2B Ballymun PlazaBallymun RoadDUBLIN 11

1 Clonard RoadCrumlinDUBLIN 12

Ground Floor2/3 Main StreetClondalkinDUBLIN 22

35 Duleek StreetDroghedaCO. LOUTH

Main StreetMaynoothCO. KILDARE

Turkey RoadTramoreCO. WATERFORD

17 Friar StreetThurlesCO. TIPPERARY

34 Castle StreetTraleeCO. KERRY

Ground Floor34 Cornmarket StreetCORK

PROPERTY INDEX

1

2

3

4

5

6

7

8

9

10

11

12

13

14


1 3

9

2

7

11

12

4 5

6

10

13 14

8


1 149 - 150 Parnell Street, DUBLIN 1

2 40 Upper Baggot Street, DUBLIN 4

3 4 Ardcollum Avenue, Artane, DUBLIN 5

4 25 Cardiffsbridge Road, Finglas, DUBLIN 11

5 2/3 Drogheda Mall, Finglas, DUBLIN 11

6 Unit 2B Ballymun Plaza, Ballymun Road, DUBLIN 11

7 1 Clonard Road, Crumlin, DUBLIN 12

8 2/3 Main Street, Clondalkin, DUBLIN 22

9 35 Duleek Street, Drogheda, CO. LOUTH

10 Main Street, Maynooth, CO. KILDARE

11 Turkey Road, Tramore, CO. WATERFORD

12 17 Friar Street, Thurles, CO. TIPPERARY

13 34 Castle Street, Tralee, CO. KERRY

14 34 Cornmarket Street, CORK

LOCATIONS

WATERFORD

CORK

KILLARNEY

N11

N11

N25

N22

N21

N20

N18

M6

N5

N17

N17

N15

N14

A4A1

M2

M1

A5

A6

A29

A26

A32

M7

M4

M1

N3

M2

N2

N3

N4

N4

M50

M9

N24

N24

N84

N59

WEXFORD

LIMERICK

TIPPERARY

THURLES

TRALEE

SLIGO

GALWAY

BELFAST

BALLINA

LETTERKENNY

DONEGAL

DROGHEDA

MULLINGAR

ATHLONE

CAVAN

KILKENNY

WICKLOW

DERRY

ENNISKILLEN

CASTLEBAR

M8

M8

M7

N7

DUBLIN

PORTLAOISE

TRAMORE

9

14

10

11

12

13

R136 R113

1

2

3

2

23

3

4

4aN4N4

N7

N7N81

N4

N3

N3

N2N1

N32

N1

N2

N2

N11

N11

N31

N31

N11

N81

N81

N81

N7

17

16

15

1413

12

11

10

9

1

7

6

5

4

2

1

2

4

5

3

M1

M50

M50

M50

M50

M11

3

2

4

4

5

5

7

6

M50

M3

M2

M4

M4

M7

M7

M9

M7

M50

DUBLINAIRPORTDUBLIN

AIRPORT

DUBLINDUBLIN

BallsbridgeBallsbridge

GlenagearyGlenagearySandyfordSandyford

RatfarnhamRatfarnham

DundrumDundrum

ChurchtownChurchtown

StillorganStillorgan

ClonskeaghClonskeagh

BlackrockBlackrock

MilltownMilltownTerenureTerenure

TempleogueTempleogue

FoxrockFoxrock

LeopardstownLeopardstown

CarrickminesCarrickmines

CherrywoodCherrywood

DunLaoghaire

DunLaoghaire

RanelaghRanelagh

DonnybrookDonnybrook

CrumlinCrumlin

DrumcondraDrumcondra

ChapelizodChapelizod

DocklandsDocklands

Port TunnelPort Tunnel

BeaumontBeaumont

CoolockCoolockSantrySantry

FinglasFinglas

CastleknockCastleknock

LucanLucan

BallyfermotBallyfermot

WalkinstownWalkinstown

DUBLINDUBLIN

ClondalkinClondalkin

CitywestCitywest

BelgardBelgard

TallaghtTallaght

SaggartSaggart

PortmarnockPortmarnock

MalahideMalahide

ClontarfClontarf

HowthHowth

SuttonSutton

SwordsSwords

DonabateDonabate

DunboyneDunboyne

KilcloonKilcloon

CelbridgeCelbridge

Stra�anStra�an

CastledillonCastledillon

BackwestonBackweston

Adamstown Adamstown

OngarOngar

MulhuddartMulhuddart

LeixlipLeixlip

CloneeClonee

BlanchardstownBlanchardstownMaynoothMaynooth

Rathco�eyRathco�ey

FanaghFanagh

KilshanroeKilshanroe

The GreenhillThe Greenhill

StaplestownStaplestown

The CottThe Cott

BlackwoodBlackwood

RobertstownRobertstown

AllenwoodAllenwood

KilmeageKilmeage

AllenAllenCarraghCarragh

MilltownMilltown

ClonaghClonagh

NaasNaas

MullacashMullacash

BallymoreEustace

BallymoreEustace

BlessingtonBlessington

ManorKilbrideManor

Kilbride

BallinageeBallinagee

ArdcloughArdcloughClaneClane

KildareKildare

MaddenstownMaddenstown

BallysaxBallysax

EnfieldEnfield

RathroneRathrone

Dun Na SiDun Na SiArdrumsArdrums

DerrinturnDerrinturn

JohnstownBridge

JohnstownBridge

10

1

2

34 56

78

LOCATION

The property occupies a high profile mid-terraced location on this bustling north Dublin city centre commercial parade. Ideally situated within immediate proximity to O’Connell Street, the Red/ Green Line Cross City Luas and opposite to the junction with Marlborough Street.

DESCRIPTION

Fully serviced prominent retail unit with feature glazed façade, open plan configuration and back office. Separate own door access to the first floor, which is currently unoccupied, provides for additional accommodation.

149/150 Parnell Street,DUBLIN 1


AREA Ground Floor 139.9 sq. m (1,506 sq.ft) NIA

First Floor 67.4 sq m (725 sq.ft) NIA

TITLE Freehold

RENT €50,000 per annum exclusive of rates and insurance

BER

LOCATION

Occupying a landmark location on this prime south city centre commercial thoroughfare adjacent to Searsons and The Waterloo, Upper Baggot Street and its surrounding environs is a highly coveted commercial trading and residential district.

DESCRIPTION

Ground floor retail unit with feature glazed shop front, primarily open plan with back office and staff facilities.

Ground Floor, 40 Upper Baggot Street, DUBLIN 4

AREA Ground Floor 94.5 sq.m (1,017 sq.ft) NIA

TITLE Freehold


BER


Ground Floor, 4 Ardcollum Avenue, Artane, DUBLIN 5

LOCATION

The property occupies a prominent mid terrace location in this popular north Dublin neighbourhood parade, while benefiting from a high degree of accessibility given its proximity to the M50 /M1.

DESCRIPTION

A primarily open plan ground floor retail unit with office / staff facilities to rear.

AREA Ground Floor 36.3 sq.m (391 sq.ft) NIA

TITLE A long leasehold title interest held for a term of 500 years from 1st January 1954


BER

LOCATION

The property occupies a high profile mid-terraced location in this mature residential district. This is a popular retail and commercial parade with adjacent occupiers including Dunnes Stores. The property is a short distance from the M50 and Charlestown Shopping Centre.

DESCRIPTION

A ground floor retail unit laid out in an open plan configuration, with back office and staff facilities.

Ground Floor, 25 Cardiffsbridge Road, Finglas, DUBLIN 11


TITLE Held in Fee Simple

RENT €17,000 per annum exclusive

BER


Ground Floor, Unit 2B Ballymun Plaza, Ballymun Road, DUBLIN 11

LOCATION

A popular north Dublin commercial and residential parade ideally located in the centre of Ballymun village. Adjacent occupiers within the development, include McManus Pharmacy and Travel Lodge Hotel. The location is easily accessible via the M50 situated nearby.

DESCRIPTION

A modern open plan unit with feature glazed façade, the accommodation provides for a mix of open plan, ancillary and staff accommodation.


TITLE A long leasehold title interest held for a term of 999 years from 1st June 2006


BER

Ground Floor, 2/3 Drogheda Mall, Finglas, DUBLIN 11

LOCATION

A long established and popular retail parade located in the centre of Finglas village. The village is situated within a large mature residential catchment and is highly accessible via the Junction 5 - M50.

DESCRIPTION

A ground floor retail unit providing for an open plan customer area, back office and staff facilities. Ample off-street parking is available to the front of the property.


TITLE A long leasehold title interest held for a term of 500 years from 1st January 1978


BER


LOCATION

The subject property occupies a prominent mid-terraced location in the centre of bustling Clondalkin village. Clondalkin is situated approximately 12km west of Dublin city centre to the north of Tallaght and south of Lucan.

DESCRIPTION

A prominent double fronted unit with feature glazed façade. The unit provides for a mix of open plan and back office accommodation with ancillary staff facilities.

Ground Floor, 2/3 Main Street, Clondalkin, DUBLIN 22

AREA Ground Floor Retail 184.6 sq.m (1,987 sq.ft) NIATraining Unit 56.8 sq.m (611 sq.ft) NIAPart First Floor 25.6 sq.m (276 sq.ft) NIA

TITLE A long leasehold title interest held for a term of 499 years from 25th March 1852


BER

1, Clonard Road, Crumlin, DUBLIN 12

LOCATION

Clonard Road is a hugely popular and long established residential and commercial location in the heart of Crumlin. The location is exceptionally convenient to the city centre and south city road network.

DESCRIPTION

Prominent end of terrace two storey property with convenient street parking to the front. Ground floor retail, with office and staff facilities. The first floor provides for a vacant one-bedroom residential unit.

AREA Ground Floor 120.5 sq.m (1,297 sq.ft) NIAFirst Floor (Vacant Residential Unit) 55 sq.m (592 sq.ft) GIA

TITLE A long leasehold title interest held for a term of 900 years from 1st May 1934


BER


35 Duleek Street, Drogheda, CO. LOUTH

LOCATION

Drogheda occupies a key strategic location on the M1 motorway linking Dublin to Belfast. The subject property is located on Duleek Street, an historic street within Drogheda town.

DESCRIPTION

Ground floor provides for part open plan customer area with back office and staff facilities.




BER

LOCATION

Maynooth is a thriving university town located in Co. Kildare approximately 30km from Dublin City Centre. The town benefits from its ease of access being located just off the M4 motorway coupled with a frequent train service.

The subject property occupies a prominent trading location on Maynooth’s bustling Main Street.

DESCRIPTION

The ground floor provides for a front of house customer area, with office and staff facilities to rear.

Main Street, Maynooth, CO. KILDARE

AREA Ground Floor 62.6 sq.m (674 sq.ft) NIAFirst Floor21.6 sq.m (233 sq.ft) NIA

TITLE A long leasehold title interest held for a term of 200 years from 20th February 1963


BER


Turkey Road, Tramore, CO. WATERFORD

LOCATION

Tramore is a popular seaside resort town located in Co. Waterford. Situated approximately 13 km from Waterford city centre, Tramore acts as a satellite town for the city.

The subject property is located on Turkey Road, close to the towns bustling promenade.

DESCRIPTION

A unique landmark property with extensive outdoor area to the front. Internal configuration provides for customer area with staff facilities and back office.


TITLE Freehold


BER

LOCATION

Thurles is a busy provincial town and home to Limerick Institute of Technology Thurles. The town is renowned for its popular national hunt and greyhound racing tracks as well as the legendary Semple Stadium. The subject property is located in the heart of Thurles town on Friar Street.

DESCRIPTION

The property comprises of a ground floor retail area, with back office and staff facilities. The upper floor is currently not in use and is only accessible internally.

17 Friar Street, Thurles, CO. TIPPERARY

AREA Ground Floor 120.8 sq.m (1,300 sq.ft) NIAFirst Floor N/A

TITLE Freehold


BER


LOCATION

Cork city is located in the south west of Ireland and is the second largest city in the country. The subject property is located on Cornmarket Street, an historic and hugely popular trading location within Cork city centre. The street is also convenient to the traditional shopping thoroughfares of Castle Street and North Main Street.

DESCRIPTION

Prime city centre ground floor unit which benefits from dual frontage and public assess directly on to Cornmarket Street and Paul Street.

Adjacent occupiers include Lidl, TK Maxx and The Outdoor Adventure Store.

Ground Floor, 34 Cornmarket Street, CORK


TITLE Part Freehold/ Part Long Leasehold


BER

34 Castle Street, Tralee, CO. KERRY

LOCATION

Tralee is the largest town in Kerry and provides an important regional administrative and commercial function for the south west.

The property is ideally situated on Castle Street in the heart of Tralee town centre and adjacent to ‘The Mall’ retail district.

DESCRIPTION

A substantial property which provides for a ground floor retail unit with back office and staff facilities. The upper floors, which are vacant and in shell condition, benefit from separate own door access.

AREA Ground Floor 122.8 sq.m (1,322 sq.ft) NIAFirst Floor21.10 sq.m (227 sq.ft) NIASecond Floor50.70 sq.m (546 sq.ft) NIA



BER

Main image - Paul Street entranceInset - Cornmarket Street entrance

PROPERTY MISREPRESENTATION ACTThe Vendors/Lessors and their Agents give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor Savills UK nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor Savills UK nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. Designed and produced by Creativeworld. Tel +353 1 447 0553.

Comprehensive details for each property offered in the portfolio are available to view in the dedicated data-room:

www.PPsaleandleaseback.com

SELLING AGENTSSavills Ireland

33 Molesworth Street,Dublin 2, Ireland

CONTACTS

www.savills.ie

STEPHEN MCCARTHYHead of General Retail Agency

+353 (0) 1 618 [email protected]

KEVIN MCMAHONAssociate - Investment


HENRY ROESurveyor - Retail Agency


SOLICITOR

CATRIONA SHARKEYT: +353 (0) 1 661 6922

[email protected]

Documents

(Tenant not Affected) · 9 35 Duleek Street, Drogheda, CO. LOUTH 10 Main Street, Maynooth, CO. KILDARE 11 Turkey Road, Tramore, CO. WATERFORD 12 17 Friar Street, Thurles, CO. TIPPERARY