Fo r S a l e b y P r i v a t e Tre a t y Ten an t s n o t A f f e c t e d

T a l b o t S t r e e t , D u b l i n 1

→ Two modern office buildings, situated in the heart of Dublin 1

→ Within the transport hub of Dublin, unrivaled access to Connolly Station and Busaras

→ Block A comprises a 5 storey over basement building of 2,628 sq. m. (28,282 sq. ft.)

→ Block A is fully let to Smartbox with a term certain to October 2025

→ Block B is a 6 storey over basement building of 2,429 sq. m. (26,249 sq. ft.)

→ Block B includes 4 retail units which range in size from 99.5 sq. m. (1,071 sq. ft.) to 245 sq. m. (2,638 sq. ft.) and which front onto Talbot Street and Joyces Walk

→ 31 underground car spaces accessed off Foley Street

→ Rental income of €914,698 per annum

→ Average passing rent of €19 per sq. ft. Strong reversionary potential

→ WAULT 6.84 years (to break option). WAULT 14.5 years (to expiry)

→ Immediate asset management opportunities

Executive Summary

The Dublin Office Market → The Dublin office market now extends to some 4.01 million sq m

(43.1 million sq ft) of accommodation

→ Long-term average take-up of 175,000 square metres per annum

→ Consistent volume of take-up activity fuelled by Foreign Direct Investment and domestic economic recovery

→ Broad range of occupier types with strong growth in financial services, business services and computers/high-tech in particular

→ Lack of development activity over recent years has fuelled supply shortages in some core locations of the city

→ Grade A vacancy rate of 2.1% in Dublin’s Central Business District

→ Prime headline rents currently at €692 per sq. m (€60 per sq. ft.)

→ Potential for further rental growth in some locations

→ Clear visibility on future supply which is encouraging for occupiers

Why Invest In Dublin?Fastest growing economy in the Eurozone for the 3rd year running

GDP of 4.8% anticipated in 2016

Broad-based economic activity led by domestic sector

Unemployment rate has declined from 15.1% in 2012 to 7.9% in September 2016 and continuing to decline

Employment now over 2 million people for the first time since 2009

Sole English speaking country in the Eurozone which, coupled with 12.5% corporate tax rate, attracts significant Foreign Direct Investment (FDI), particularly to Dublin

Dublin likely to benefit from potential Brexit relocations in due course

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SMBC

Custom House

Ulster Bank

Georges Quay

Scotia Bank

Grant Thornton

Convention Centre

McCann Fitzgerald

AIG

CHQ

KBC

BOI

AIrbus

Three

A&L GoodbodyBloomberg

Spencer HotelCiti Bank

IFSCJP Morgan

Jurys Inn Hotel

Connolly Station

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Busaras

A highly accessible office location in the centre of Dublin 1

Location → Located just 500 metres from

the IFSC, the centre of the North City Centre office district

→ Situated in the transport hub of Dublin. Within minutes walk of Connolly Station and Busaras

→ Surrounding occupiers include: Wells Fargo, Scotia Bank, SMBC and Zurich

→ Joyces Court is also situated within walking distance of Henry Street, the prime retail thoroughfare in Dublin’s North City

Connolly Station

→ Walking Distance 1 minute

→ Connolly Station is the main railway station in Dublin’s inner city centre. Services from Connolly include intercity routes as well as Dart services to north and south county Dublin.

Busaras

→ Walking Distance 2 minutes

→ Busaras is Dublin’s central bus station offering regional and intercity bus services which are provided by Bus Eireann.

Luas

→ Walking Distance 2 minutes

→ The Luas red line, which connects Point Village to Tallaght via the city centre runs parallel to Talbot Street with stations at Busaras and Connolly Station.

Dublin Bikes

→ The popular Dublin Bikes scheme has numerous stations in the area including a station on Talbot Street.

Airport Link

→ Both the Dublin Bus Airport Link and private transport operator Aircoach have several stops in the immediate vicinity. Drive time to Dublin Airport is approximately 30 minutes.

Road Access

→ The property is highly accessible by road via the city quays from north and south city centre. Dublins Port Tunnel is accessed 2km east of the property providing access to the M50 orbital route.

M E R R I O NS Q U A R E

S TS T E P H E N ’ SG R E E N

F I T Z W I L L I A MS Q U A R E

I V E A G HG A R D E N S

R I N G S E N DP A R K

S M I T H F I E L D

Temple Bar

Tr in ity Col lege

IFSC

IFSC

CUSTOM HOUSECONVENTION

CENTRE DUBLIN

BUSARAS

Dub l inPor t

Por t t unne l M50 access

EW

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Mayor Square

Spencer Dock

Point Village

Busaras

Abbey Street

Jervis Street

Four Courts

Smithfield

Connolly

Harcourt

Stephen’s Green

Charlemont This way to

Ranelagh,

Dundrum,

Sandyford,

Brides Glen

ConnollyStation

Tara Street

Pearse Street

Grand Canal Dock

Lansdowne

DockLands

Dominic

Parnell

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Westmoreland

Trinity

Dawson

Marlborough

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MAYOR ST UPPER

MAYOR ST LOWER

HARBOURMASTER PLACE

SHERIFF STREET LOWER

SHERRIFF STREET

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Transport Hub of Dublin

Specification → High specification reception areas

→ Raised Access Flooring

→ 2 x 10 person passenger lifts

→ Suspended ceilings with CAT 2 recessed lighting

→ VRV Air Conditioning

→ Male and Female WC facilities fitted to a high standard

B L O C K A

The building has an L shaped layout, comprising a central core with a reception at ground floor level, two 10 person passenger lifts servicing all floors, and WC facilities.

The ground floor comprises a large staff canteen, games room and staff changing facilities. A typical floor plate comprises approximately 567 sq. m. (6,100 sq.ft.) of net floor space which is easily divisible to create smaller floorplates of 279 sq. m. (3,000 sq. ft.). Floor to ceiling heights at each floor level are between 3.3 metres and 3.75 metres.

The office space is fitted to a modern specification and is a mixture of open plan and cellular accommodation with kitchenette facilities at each floor level. The fourth floor features a balcony which overlooks the surrounding area.

Block A is a Grade A office building which is fully let to

Typical Floor Plan

Accommodation Schedule

FloorNet internal

Area (Sq. M.)Net Internal

Area (Sq. Ft.)

Ground 454 4885

First 585 6298

Second 627 6746

Third 563 6063

Fourth 399 4290

Total 2628 28,282

Riser

WC

Riser WC

Li� WC

WC WC

Riser

Server Room

Li�

Stairs

Stairs

B L O C K A

B L O C K B

The building comprises a central core with a main reception at ground floor level, two 10 person passenger lifts servicing all floors, WC facilities and a fire escape staircase to the rear. The building is multi let to five tenants. The fourth floor and part first floor are held by way of long leasehold interests and not included as part of the sale.

The offices are fitted out to a high quality specification including raised access flooring, suspended ceilings and air conditioning. Block B has well configured floor plates of approximately 567 sq. m. (6,100 sq. ft.). The building offers floor to ceiling heights of between 3.3 and 3.5 metres.

Block B also comprises four own door retail units at ground floor level which front onto Talbot Street and Joyces Walk. The retail units range in size from 99.5 sq. m. (1,071 sq. ft.) and 245 sq. m. (2,638 sq. ft.) and are finished to a shell and core specification with the exception of one unit which is currently let and operating as a beauticians. The units provide excellent profile onto Talbot Street and Joyces Walk and benefit from a high level of pedestrian traffic.

Block B is a multi let,Grade A office building.

Specification → High specification reception areas

→ Raised Access Flooring

→ 2 x 10 person passenger lifts

→ Suspended Ceilings with CAT 2 recessed lighting

→ VRV Air Conditioning

→ Male and Female WC facilities fitted to a high standard

StairsRiser WC

PlantWC

Li� Li�

WC WC

WC

Lobby

Stairs

Lobby

Typical Floor Plan

B L O C K B

Accommodation Schedule

FloorNet internal

Area (Sq. M.)Net Internal

Area (Sq. Ft.)

Ground Retail 691 7,440

Second 570 6,130

Third 569 6,121

Part Fourth 298 3,203

Fifth 312 3,355

Total 2,440 26,249

* First floor, part fourth floor and retail unit 3 are held by way of long leasehold interest

Tenancy

Office Rental Averages

Total Rent Rollper annum €914,698

WAULT of WAULT of14.5 YEARS 6.84 YEARS

(to expiry) (to break option)

€25

Smartbox VeammSo�ware

Average

Comfort Keepers

Kitman Labs

Dyslexia Association

€20

€15

€5

€10

€0

account for 65% of the total rental income

Block A Block A is single let to Smartbox Group Ltd. and producing a rental income of €570,006 per annum

Floor Tenant Size (Sq. M.) Start Term

(Years) Break Expiry Rent (per annum)

Entire Smartbox Group Ltd. 2,628 10th Aug 2015 20 10th Jul 2025 10th Jul 2035 €590,006

Floor Tenant Size (Sq. M.) Start Term

(Years) Break Expiry Rent (per annum)

Unit 1 Vacant 245 _ _ _ _ _

Unit 2 Vacant 198 _ _ _ _ _

Unit 4 Dorota Zawadzka 99.5 3rd Dec 2015 10 N/A 2nd Dec 2025 €20,000

Unit 5 Vacant 149 _ _ _ _ _

Second Veeam Software Ireland Limited 570 15th May 2015 10

Year 3 & 5 14th May 2018 & 14th May 2020

14th May 2025 €132,468

Third Elder Homecare t/a Comfort Keepers 569 1st Aug 2014 10 Year 5

1st Aug 2019 31st Jul 2024 €89,654

Part Fourth Kitman Labs Ltd 298 9th Feb 2015 10Year 3 & 5

9th Feb 2018 & 9th Feb 2020

8th Feb 2025 €52,820

Fifth Dyslexia Association of Ireland 312 18th Mar 2014 10 Year 8

18th Mar 2022 17th Mar 2024 €29,750

Total 2,429 €324,692

Block B * Block B is mulit let to 5 tenants and producing a total rental income of €296,942 per annum

* First Floor, Part Fourth Floor and Retail Unit 3 held by way of long leasehold interest.

Tenancy Schedule

Rate

Per S

q. Ft.

→ SmartboxSmartbox is a leading provider of experience gifts. Smartbox provides an online service whereby customers can purchase experience gifts including food and drink, sports adventure and short breaks. Smartbox originated in France in 2003 and now operates in 13 countries throughout Europe. In 2015 Smartbox Group Ltd. had a profit after tax of in excess of €13 million.

→ Veamm Software Veamm Software is a IT company that develops backup, disaster recovery and virtualisation management software. Established in 2006, the company has its headquarters in Switzerland. The company has a number of international offices including Paris, Ohio, Dubai and Sydney.

→ Kitman Labs Kitman Labs is an Irish sports technology company founded in 2012 by Stephen Smith, a former Irish Rugby World Trainer. It is the first athlete optimisation company that offers a cloud based service. The company collects and analyses data from individual players in order to assess and prevent injuries. Kitman Labs provide service to the Leinster Connaught and Munster rugby teams and have recently expanded to the United States where they work with NFL and NBA teams.

O C C U P I E R S

DisclaimerThese particulars are issued by CBRE Ireland on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE Ireland for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any 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 themselves (at their own expense) as to their correctness. (iii) Neither CBRE Ireland, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. CBRE Ireland PSRA Licence No: 001528

Viewings are strictly by appointment with the sole selling agent.

KYLE ROTHWELL

Senior DirectorInvestment Properties+353 (1) 618 5502kyle.rothwell@cbre.com

FIONA KENNEDY

Senior SurveyorInvestment Properties+353 (1) 618 5742fiona.kennedy@cbre.com

SOLICITOR

MARY MULLEN

Maples and Calder 75 St Stephens Green Dublin 2

mary.mullen@maplesandcalder.com +353 1 619 2053

BER

BER No. 8000137382 - 800151433

Energy Indicator: 325.63 kWh/m2/yr 0.97 - 6737.14 kWh/m2/yr | 7.96

Joyces Court is held by way of freehold/long leasehold interest.

Contacts

Title

3rd Floor, Connaught House, 1 Burlington Road, Dublin 4, Ireland. www.cbre.ie