FOR SALE BY PRIVATE TREATY

RETAIL INVESTMENT OPPORTUNITYINCORPORATING DEVELOPMENT SITE

(TENANTS NOT AFFECTED)

NAVAN ROAD, DUBLIN 7

www.maple-centre.com

C3 B3

NAVAN ROAD, DUBLIN 7

Strong profile to N3 and adjacent Tesco Superstore

Excellent road network and public transport links

Opportunity to increase rental income

Development site approx. 0.2 acres with District Centre - Z4 zoning

Strong tenant mix with Iceland, EuroGiant and McDonalds

Excess 75 surface parking spaces

Guide price excess €7.1m providing NIY of 7% after standard purchasers costs of 9.96%

INVESTMENT HIGHLIGHTS

Prominent frontage to N3

€555,023 Current passing rent per annum

1KM

7% Net Initial Yield

7RETAIL UNITSTenant mix includes:McDonalds, O’Briens, Iceland, EuroGiant, Maple Pharmacy, Millenium Chinese & one vacant unit

DEVELOPMENT SITE WITH DISTRICT CENTRE ZONING

Excellent road and public transport infrastructure in the vicinity

from TU Dublin’s Grangegorman Campus

7.87 yrs. 6.9 yrs.WAULT TO LEASE EXPIRY

WAULT TO BREAK OPTION

The Maple Centre fronts onto the Navan Road in Dublin 7, approximately 3km north west of Dublin City Centre.

The Navan Road links the north west suburbs of Stoneybatter, Cabra, Castleknock and Blanchardstown. This is a long established residential

area with excellent amenities including shopping, schools and medical facilities.

The extension of the Luas Green Line to Broombridge, just 20 minutes’ walk from the Maple Centre has increased the accessibility of the area which was already very well served by Dublin Bus.

Approximately 700m south of the Maple Centre is the Irish Defence Forces McKee Barracks, situated on Blackhorse Avenue. Immediately adjacent to the Maple Centre is Tesco Superstore, Cabra Library and Intreo Social Welfare Centre.

Technical University Dublin (TU Dublin) is located 1.1km from the Maple Centre

and on completion will accommodate 20,000 students, with 10,000 students and 600 staff arriving in September 2020.

Together with their existing Campus in Blanchardstown and Tallaght this will be the heart of the new Technological University Dublin.

LOCATION

Brady’s Dublin Mercedes-Benz

Intreo, Navan Road

St Stephen’sGreen

TrinityCollege

RDS

Harold’s CrossGreyhoundStadium

St James’sHospital

Grand Canal

Pearse

GrandCanal Dock

Landsdowne Rd

Sandymount

SydneyParade

Killester

New Cabra Rd

Fassaugh Rd

North Circular Rd

Connaught St

ath Road

Tolka Valley Road

Rd

Quar

ry R

d

sbridgeRd lena's Rd

Rathdown Rd

Boat

anic

Rd

Finglas Rd

Nth Circular Rd

Ratoath Rd

Hanove

B

rSt East

Mac

ken

Stre

et

Pearse Street

Cook St

Dors

et S

t Upr

Chesterfield Ave

Conyngham Road

Chapelizod Road

Navan Rd

Nephin

Rd

Old Cabra Rd

SouthC

ircr

al

u

Leeson

R

St Lower

oad

Earls

fort

Terra

ce

St Stephen'sGreen South

Hatch

Whitworth Rd

StUpper

Hacr

uo

rt St

CuffeSt

Baggot StL

d

ower

Aung

ierSt

Kild

are

S

Graft

on St

t

SussexRd

LeesonSt Upper

Leeson

St Upper

Appian

Way

Grand ParadeMespil Road

Cana

Collins Av

l Rd

enue

Daw

son

St

Nassau St

Merrion SqNorth

Drum

cond

ra

Clontarf Road

Howth Road

Copeland

Ave

Lomb

C

St E

ollins Avenue East

Malahid

Capel St

e R

Merrion Sq

d

South

Mount St LowerMount StUpper

Fe

Eccles St

nian St

Dame St

Infirmary Rd

North C

ircula

r Rd

Herbert

Place

Baggot St

Lower

ilitar

yRd

Howth

Ave

Sandford Road

Inchico

nagh R

re

oa

Rd

d

St AngeRd

DavittRoad

Con Colbert Road

Charleston

ss

Rd

Hill St

River Road

Merrion Road

Strand Ro

Heytesbury St

Northumberland Rd

St Mary's Rd

Angle

sea

Emm

Rd

et Rd

Slie

Sout

vena

h

mon Rd

Circular Rd

Kilmainham LaneMount

M

Bro

a

w

stle

n

Aven

ue

Jam

Clo

es S

nt

Mo

treet

ar

reh

f

a

R

mpton Rd

oa

Belm

d

ont Ave

Donnybrook

Rd

MarlboroughRd

Herbert Park

HerbertonRd SouthCircular

Wat

erlo

o Ro

ad

R

Pem

d

broke

Dolph

Rd

in R

Shel

o

bour

ne

a

Rd

d

Sundrive Road

Crumlin Roa

H

d

ow

Clogher

t

Roa

h

d

Ro

Clo

ad

gher R

d

Br

Kim

ook

m

wood

age

Aven

Rd L

u

o

e

wer

Sy

H

bil

St

arold

's

Hil

Ma

Cro

l Road

ry

ss R

Vern

o

's Rd

d

L

n

ansdowne

Ave

n

Rd

ue

Vernon A

Trito

nv

ve

ille R

nue

d

Inchicore Rd

Donore

y R

Ave

oa

C

d

ork Street

South Circular Rd

Abbeyfield

Parnell Rd

d

SouthCircular Rd

Grove Road

Rath

mine

s R

Moun

d L

tpower

Leinster Ro

le

ad

asantAve Upper

RathmineUpp

Bond

Dr

Ranelagh

Angle

sea R

d

Ailesbury Road

Charlemont

St

DartmouthRd

Francis StToll Bridge Road

Toll

Bridge Rd

Beach Road

BathSt

Sean M

oore Rd

Ringsend Rd

South

P

Lot

a

ts

r

R

k Ave

d

S

Barro

w S

t

andymo

re

un

et

t

Ha

Ave

ddington Road

James S

Sh

t

elb

A

ou

rdee

rne

St

Rd

Term

inal R

d

Bath

South

GilfordRd

Strand Rd

Sandymount Rd

Castl

e Ave

C

Tolka Quay Road

Duffe

rinAv

e

O’Connell St

Thomas St

Patri

ckSt

New

StSo

uth

oad

RATHMINES

Drumcondra

BALLSBRIDGE

Phibsborough

Irishtown

Cabra

CLONTARF

SANDYMOUNT

Ringsend

H

Killester

PORTOBELLO

The Liberties

Stoneybatter

Smithfield

KilmainhamCHICORE

DONNYBROOK

RANELAGH

HAROLD'S CROSS

DOLPHIN'S BARN

Donnycarney

Rialto

9Navan Road

NAVAN ROAD, DUBLIN 7Grangegorman

North Wall Quay

East Wall

Mayor St

Amie

ns S

t

Talbot St

Portland Row

Seville Place

Tara

St

Gui

ld S

t

Drum

cond

ra R

d Up

r

Home Farm Rd

Old Finglas Rd

Griffith Ave

Grac

e Pa

rk R

d

Richmond Rd

North

Stran

d Rd East Wall Rd

Swor

ds R

d

Port Tunnel

Rd L

wr

Phibsborough

Phoenix Park

Sligo Irish Rail Connolly Station

Marlborough Luas Stop

O’Connell St Upr Luas StopDominick St Luas Stop

Dominick St Luas Stop

Parnell St Luas Stop

Broadstone - DIT Luas Stop

Grangegorman Luas Stop

Phibsborough Luas Stop

Cabra Luas Stop

Broombridge Luas Stop

O’Connell St GPO Luas Stop

Connoly Station

TO CITY CENTRE

MARLET CONSTRUCTING 320 APARTMENTS

TESCO SUPERSTORE

INTREO CENTRE, NAVAN ROAD

CABRA ROADOLD CABRA ROAD

RATOATH ROAD

NAVAN ROAD

CABRA LIBRARY

MLS PARK MOTORS

TECHNOLOGY UNIVERSITY DUBLIN

PHIBSBOROUGH LUAS STOP

The Maple Centre is a modern retail centre constructed circa 1999. The Centre comprises 7 retail units with a surface carparking area for excess 75 cars and it enjoys significant frontage to the Navan

Road. Module surveyors have measured the centre on a net and gross internal floor area basis. The total area measures 2,544.3 sq.m (27,386 sq.ft) GIA and 2,260.3 sq.m (24,330 sq.ft) NIA.

DESCRIPTION

TENANCY SCHEDULE

Demise Tenant Lease Start Date

Term Years

Lease Expiration Date

Next Tenant Break Option

Next Review Date

Current Annual Rent Excluding VAT

Measured Floor Area GIA (Sq. ft)

Measured Floor Area GIA (Sq. m)

Unit 1 McDonalds Restaurants of Ireland Limited 01/10/1998 25 30/09/2023 None €130,000 5,911 549.2

Unit 2* Euro General Retail Limited 10/10/2017 15 09/10/2032 09/10/2024 10/10/2024 €67,500 3,104 228.4

Unit 3 The Maple Pharmacy Limited 09/12/2002 25 08/12/2027 None 09/12/2022 €105,000 5,907 548.8

Unit 4 Iceland Stores Ireland Limited 01/01/2015 21 31/12/2035 None 01/01/2021 €97,000 8,169 758.9

Unit 5 Vacant - Rental Underwrite €50,000 2,017 187.4

Unit 6 O’Briens Fine Wines 02/09/1998 25 01/09/2023 None €53,000 1,223 113.6

Unit 7 Wai Bun Mo 05/07/2004 25 04/07/2029 None 01/04/2024 €43,000 1,055 98

Unit 8 Allied Irish Banks, PLC 02/12/1998 25 01/12/2023 None €9,523

Total €550,023 27,386 2,544.3

*Unit 2. Rent €67,500 years 3 - 4 and €70,000 years 5 - 6.VAT charged on rent - unit 2 & unit 4.

INCOME PROFILE

McDonalds 23%

The Maple Pharmacy 19%

Iceland 17%

EuroGiant 12%

O’Briens 10%

Vacant Underwrite 9%

Millenium Chinese 8%

Allied Irish Banks Plc 2%

€9,523€130,000

€105,000€97,000

€43,000

€53,000

€50,000

€67,500

2%

23%

12%

19%

17%

9%

10%

8%

MAPLE VILLAGE CENTRE SITE LAYOUTNAVAN ROAD

DUNARD ROAD

LIBRARY

75 CAR PARKING SPACES

TESCO ENTRANCETESCO ENTRANCE

DEPARTMENT OF SOCIAL WELFARE OFFICES

BUS STOP

TELECOM

COMMUNICATIONS MAST

MC DONALDS

EUROGIANT

MAPLE PHARMACY

ICELANDVACANT

MILLENIUM

CHINESE

O’BRIEN’S

TESCO

FUTURE DEVELOPMENT SITE APPROX. 0.2 ACRES

ATM

FUTURE DEVELOPMENT SITE

John Spain Associates (JSA) have undertaken a Planning Report on the site to the rear of the Maple Centre and this is available on www.maple-centre.com. An extract from this report is stated below but should be read in the context of the entire report:

The Development Plan indicates commercial and residential development of up to 16m within outer city locations to be acceptable. However, the Urban Development & Building Height Guidelines effectively supersede the content of the Development Plan in terms of building height.

Achieving greater heights and densities on the subject site will be subject to meeting the assessment criteria as set out in SPPR 3 of the Urban Development and Height Guidelines 2018, including assessing visual impact and impact on neighbours, designing to appropriate amenity standards for future residents, and addressing the immediate content of the service area of the retail units and commercial unit.

In our opinion, subject to addressing these points, a height in the range of 5 to 7 storeys may be considered to be appropriate on the site.

PLANNING AND ZONING

The site extends to approx 0.2 acres and is zoned “Z4 - District Centre” zoning objective which seeks “to provide and improve mixed-services facilities” in the 2016-2022 City Development Plan.

TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 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 are 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. VAT may be payable on the purchase price.

VIEWING BY APPOINTMENT WITH SOLE AGENT TWM Patricia WardT: + 353 (0) 1 611 0324E: patricia@twmproperty.ie

Mark KellyT: + 353 (0) 1 611 0328E: mark@twmproperty.ie

4/5 Dawson Street, Dublin 2, D02 FH72.www.twmproperty.ie

NAVAN ROAD, DUBLIN 7

Title Freehold

VATThe sale of the property subject to letting(s) may be covered by Transfer of Business relief depending on the VAT status of the purchaser. Further information will be provided to the purchaser.

Dataroomwww.maple-centre.com

ProposalOffers are invited excess €7.1m which reflects a net initial yield of 7% (assuming standard purchasers costs of 9.96% and vendor underwrite)

BER C3 B3

SolicitorsJoan MacleanPartner

AMOSS SolicitorsWarrington House, Mount Street Crescent,Dublin 2, D02 R256.

T: +353 1 212 0400E: jmaclean@amoss.ieW: www.amoss.ie

PSRA No: 001835