Unique Waterfront Opportunity Sitewww.customhousequaycork.com

CUSTOM HOUSE QUAYCORK

On the Instructions of the

SOLE AGENTS

• The Quay to Cork City – A Unique Development and Heritage Opportunity

• Pivotal location on the eastern side of the Central Business District

• Situated in the centre of the Cork Docklands at the confluence of the north and south channels of the River Lee which encircle the city centre

• Prime waterfront site extending to approximately 1.17 ha (2.9 acres)

• Includes two distinctive buildings comprising the Customs House and former bonded warehouses and a large pontoon

• Substantial existing accommodation of approximately 10,319 sq m (111,070 sq ft)

• Total short term income of €205,626 per annum including a new two year lease to the Port of Cork

• Unrivalled access to public transport and other transport links

• Substantial development potential, suitable for a range of uses subject to planning permission

• Building Energy Rating exempt

FOR SALE BY PRIVATE TREATY

On the Instructions of the Port of Cork

CUSTOM HOUSE QUAYCORK

THE ELYSIAN

SOUTH MALL

CITY HALLONE ALBERT

QUAY

PATRICK ST.

BUS STATIONTRAIN STATION

CLARIONHOTEL

CUSTOM HOUSE QUAYCORK

LOCATIONCustom House Quay is situated in a pivotal location on the eastern side of the central business district in the centre of the Cork Docklands. It is located at the apex of the north and south channels of the River Lee which encircle the city centre. It immediately adjoins the prime office quarter comprising Lapps Quay and Albert Quay in close proximity to the recently completed office development known as One Albert Quay.

Cork is Ireland’s second city and acts as the main commercial and administrative centre outside of Dublin. The Greater Cork Area has a population of over 300,000. It has a Tier 1 port and an international airport ensuring good accessibility for both trade and business.

Custom House Quay occupies the prime waterfront site in the heart of the city centre. It has unrivalled views of the central business district along Lapps Quay and the South Mall and also downriver through the docklands area. One Albert Quay and also Cork City Hall are located on the opposite side of the south channel of the River Lee.

The property has unrivalled access to public transport links with the bus station, train station and the terminus for park and ride facility located in the immediate vicinity. It also benefits from direct access to the N27 South City Link Road and onwards to the N40 South Ring Road and Cork International Airport and also the Lower Glanmire Road providing direct access to the Dunkettle Interchange, the M8 to Dublin and the N25 to Waterford and beyond to Rosslare. RIVER LEE

RIVER LEE

RIVER LEE

RIVER

LEE

RIVER LEE

R608

R847

N20

N8

N22

MAYLOR STREET

OLIVER PLUNKETT STREET

ACADEMY STREET

THE EVERYMAN

CORN

MARKET STREET

POPES QUAY

MERCHANTS QUAY

ALBERT QUAY

UNION Q

UAY

KENNEDY QUAY

MERCHANTSQUAY SHOPPING

CENTRE

CORK OPERA HOUSE

CORK COLLEGEOF COMMERCE

CRAWFORDART GALLERY

N27

NO

RTH MAIN

STREET

SOUTH

MAIN

STREET

GRAN

D PARADE

OPERA LAN

E

SOUTH MALL

SCHOOLOF MUSIC

CITYHALL

BUSSTATION

TRAINSTATION

PARNELL PLACE

ONEALBERTQUAY

AIRPORT

LAPPS QUAY

HORGAN’S QUAY

N22

N8

N8

LOWER GLANMIRE ROAD

PATR

ICK

STRE

ET

PATRICK STREE

T

CUSTOM HOUSE QUAYCORK

CUSTOM HOUSE QUAYCORK

CUSTOM HOUSE QUAYCORK

AIRPORT

THE ELYSIANCITY HALL

SCHOOL OF MUSIC

CIVICOFFICS

ONE ALBERTQUAY

SOUTH CITY LINK ROAD

DUBLIN

CORK

GALWAY

ROSSLARE

LIMERICK

BELFAST

SLIGO

WATERFORD

DERRY

DUBLINAIRPORT

KNOCKAIRPORT

SHANNONAIRPORT

CORKAIRPORT

BELFASTAIRPORT

DISTANCES KILOMETERS MILES

Dublin 258 160Waterford 124 77Limerick 100 62Galway 197 122Belfast 419 260

CUSTOM HOUSE QUAYCORK

CUSTOM HOUSE QUAYCORK

DESCRIPTIONCustom House Quay comprises a prime waterfront development and heritage opportunity site extending to approximately 1.17 ha (2.9 acres). It is bordered by the River Lee to the north, south and east and by Custom House Street to the west. The central spine of the property is occupied by two groups of buildings providing approximately 10,319 sq m (111,070 sq ft) of accommodation over three floors. The remainder of the site comprises extensive quay areas which are primarily used for car parking and a large pontoon. The property has vehicular and pedestrian access from a number of entrances onto Custom House Street.

The Customs House, which gives the property its name, is situated at the western end of the property fronting onto Custom House Street. The northern section of this distinctive building was constructed in the early 19th century in the Palladian style with large double height windows and it includes a number of neo classical elements. The southern section was constructed in the early 20th century. The interior of the building retains many period features such as pilasters and Corinthian Columns in the main reception area and a coffered ceiling in the boardroom. The Customs House provides two floors of offices accessible directly from Custom House Street over ground floor stone vaults which run under the entire building.

Three further buildings immediately adjoin the Customs House comprising a two storey building known as the Link Building

connecting the Customs House and the Excise Building to the rear and also a warehouse located to the north of the Customs House. Both the Link Building and the Excise Building provide mainly storage and ancillary accommodation and service areas. The warehouse to the north of the Customs House provides single storey accommodation. Each of these buildings is of traditional construction under a pitched slated roof.

The largest of the buildings provided at Custom House Quay is known as the former Bonded Warehouses. It comprises a three storey building erected in the early 1800s of traditional stone construction with vaults provided at ground and first floor level. The second floor has a low ceiling under a pitched slated roof supported by substantial wooden trusses. A more modern warehouse building was located to the south east of the former Bonded Warehouses, however, this was removed a number of years ago.

The extensive open quay areas to the north, south and east of the site presently provides 118 car parking spaces, with the potential to substantially increase this number. The north quay area is also periodically used for commercial shipping purposes.The quay areas benefit from vehicular access both to the north and south of the Customs House.

A large modern pontoon is located in the south channel of the River Lee. It is accessed directly from South Custom House Quay.

ACCOMMODATIONThe configuration of the accommodation provided at the property is as follows:

BUILDING FLOOR SQ M SQ FTCustoms House Ground 1,074 11,560 Upper Ground 584 6,286 First 606 6,523 Total 2,264 24,369 Link Building Ground 181 1,948 First 142 1,528 Total 323 3,476 Excise Building Ground 399 4,295 First 357 3,843 Total 756 8,138 Warehouse Ground 279 3,003 Total 279 3,003 Bonded Warehouse Ground 2,250 24,218 First 2,227 23,971 Second 2,220 23,895 Total 6,697 72,084 GRAND TOTAL 10,319 111,070

CUSTOM HOUSE QUAYCORK

TENANCYThe Customs House, Link Building, Excise Building, 40 car parking spaces and the pontoon will be held under a two year lease by the Port of Cork at a rent of €100,000 per annum with a tenant only option to extend the lease for a further year at the same rent. A copy of the draft lease is available on the dataroom.

An additional 78 car parking spaces are let on annual licences subject to a total rent of €105,626 per annum. Further information is available on the dataroom.

PLANNINGUnder the Cork City Development Plan 2015-2021 the property is zoned for City Centre Commercial Core Area uses. Under this land use zoning a range of uses are provided for including, inter alia, offices, leisure and residential.

The property has the benefit of full planning permission for reconstruction of the South Custom House Quay wall on an alignment approximately 2 metres south of the existing quay wall. Planning permission for these works was approved in March 2012 (Ref. No. 11/34878) which is due to expire in March 2017. An extension of duration of this permission can be sought which would extend the permission to March 2022.

The Customs House and Bonded Warehouses are Protected Structures.

CU

STOM

HO

USE STREET

ALBERT QUAY EAST

ANDERSON’S QUAY

OLIVER PLUNKETT ST LWR

AN

DERS

ON

’S S

TREE

T

ANDERSO

N’S STREET

HOTEL

LAPP’S QUAY

RIVER LEE

RIVER LEEHORGAN’S QUAY

MICHAELCOLLINSBRIDGE

EAMON

DE VALERA

BRIDGE

CLONTARFBRIDGE

RIVER LEE

RIVER LEEVICTORIA ROAD

FORMER BONDED WAREHOUSES

EXCISE BLD

G

CUSTO

MS H

OU

SE

CUSTOM HOUSE QUAYCORK

CUSTOM HOUSE QUAYCORK

CUSTOM HOUSE QUAYCORK

TITLEWe understand that the property is held Freehold. The eastern most sectionof the property and a portion of the North Custom House Quay are subject to wayleaves in favour of Irish Water.

Full details of these wayleaves are available on the dataroom.

PRICEOn application.

VATFurther information available on request.

VIEWINGBy appointment with the Sole Agents Cushman & Wakefield

SOLICITOREugene Glendon,Coakley Moloney Solicitors,49 South Mall,Cork.

METHOD OF SALEFor Sale by Private Treaty

FURTHER INFORMATIONFurther information on the property is available from a dedicated dataroomwww.customhousequaycork.com

BUILDING ENERGY RATING (BER)Exempt.

On the Instructions of the Port of Cork

CONTACTSOLE AGENTS

Cushman & Wakefield6 Lapps Quay, Cork

PETER O’FLYNNEmail: peter.oflynn@cushwake.ie Tel: +353 21 427 5454

EOIN RYANEmail: eoin.ryan@cushwake.ie Tel: +353 21 427 5454

SINÉAD RYANEmail: sinead.ryan@cushwake.ie Tel: +353 21 427 5454

CUSTOM HOUSE QUAYCORK

Conditions to be noted 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 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 inspection 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. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction. 7. DTZ Sherry FitzGerald Registration Number: 002607