for sale topaz house, block 6, by private treaty beech hill...

+353 1 661 [email protected]

I N V E S T M E N T

Office Investment Opportunity extending to1,985 sq. m. with 68 car spaces

Let to Topaz Energy Limited on 35 year Leasefrom 9th September 1991

Passing rent €460,000 per annum exclusive

Offices recently refurbished

Real Estatefor a changing

world

TOPAZ HOUSE, BLOCK 6, BEECH HILL OFFICE CAMPUS,

CLONSKEAGH, DUBLIN 14By Private Treaty(Tenant not affected)

FOR SALE

MILLTOWNLUAS

COWPERLUAS

BEECH HILLOFFICE

CAMPUS

BELFIELDOFFICEPARK

CLONSKEAGHHOSPITAL

MILLTOWN

CLONSKEAGH

DONNYBROOKMOUNTST. ANNES

UNIVERSITYCOLLEGEDUBLIN

BEEC

H HILL

RD

BEAV

ER R

OW

CLONSKEAG

H ROAD

MIL

LTOW

N R

OAD

STILLORGAN ROAD

LOCATIONLocated in Beech Hill Office Campus which is situated 4 kms south of Dublin City Centre. The Campus in Clonskeaghis accessed from Beaver Row linking two of the main arterial routes Stillorgan Road (N11) and Clonskeagh Roadfrom the City to the South Dublin Suburbs. Both Donnybrook Village and Ranelagh Villages are within walkingdistance.

Beech Hill Office Campus is divided into seven separate office buildings and occupiers include Ericsson, Nokia, Novartisand Maxim Integrated Products. Other occupiers within the immediate vicinity include Smurfit Kappa, Paddy PowerGroup Headquarters, Allied Irish Bank, OPW and Roche Pharmaceuticals.

The area is a well-established office location and in addition to the Beech Hill Office Campus, other neighbouringdevelopments include Belfield Office Park, Richview Office Park and Clonskeagh Square.

DESCRIPTIONTopaz House comprises detached three storey modern office building extending to total gross internal floor area ofapproximately 1,985 sq. m. with 68 surface car parking spaces.

The accommodation which was constructed in 1991 is predominantly open plan and benefits from two passengerlifts, raised access floors and suspended ceilings with recessed light fittings. The building is l-shaped in design withthe main core area providing male and female WCs on each level.

Topaz has invested in a significant upgrade of the Offices having recently completed a comprehensive internal refurbishment.

FOR SALE: TOPAZ HOUSE, BEECH HILL OFFICE CAMPUS, CLONSKEAGH, DUBLIN 14

Topaz House

€8,250,000Sale Price

5.34%NIY

SCHEDULE OF ACCOMMODATIONWe understand that the accommodation and approximate gross internal floor areas are as follows:

AT A GLANCE

FOR SALE: TOPAZ HOUSE, BEECH HILL OFFICE CAMPUS, CLONSKEAGH, DUBLIN 14

TENANCYThe property is let to Topaz Energy Ltd on 35 year FRI lease from 9th September 1991. The current rent is €460,000per annum exclusive. Rent reviews are at 5 year intervals on an open market basis.

The property is let as follows:

FloorGround FloorFirst FloorSecond FloorTotal

Car Parking*Purchasers are specifically advised to independently verify floor areas and to undertake their own due diligence.

1,985 SQ.M

OFFICE

666667652

1,985

7,1697,1807,018

21,367

SQ.M SQ.FT

Demise

Entire

Total

Tenant

Topaz Energy Ltd

Lease Term

35 Years

Rent Review

09/09/2021

Expiry Date

08/09/2026

Total Rent

€460,000

€460,000

Commencement Date

09/09/1991

COVENANT PROFILETopaz is the leading convenience and fuel retailer in Ireland, with a network of 444 stations across the island ofIreland, more than 30 depots and two owned terminals. 158 service stations are company owned and operated,with 286 stations operated by independent retailers.

Topaz Energy Ltd was acquired in 2016 and is now a fully owned subsidiary of Alimentation Couche-Tard one of thelargest company-owned convenience store operators in the world with more than 16,000 stores across Canada,the United States, Europe, Mexico, Japan, China and Indonesia.

68 Spaces

WAULTc. 10 years

BEECH HILLOFFICE CAMPUS

BEECH HILL ROAD

INVESTMENTSale Price €8,250,000 (subject to contract) for the subjectInvestment which equates to net initial yield 5.34% basedon the current rent and allowing for standard purchaser’scosts of 4.46%.

TITLEWe are advised that the property is held Long Leasehold.

VATWe are advised that VAT is not chargeable on the sale.

BER DETAILS

BER Number: 800509721Energy Performance Indicator: 570.13 kWh/m /yr 1.65

DISCLAIMERBNP Paribas Real Estate gives notice that these particulars are set out for general outline only, for the guidance of intending Purchasers and do not constitute, nor constitute part of anoffer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending Purchasers should not rely on them as statementsor representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor areas are approximate.

SOLICITORMangan O’Beirne31 Morehampton Road,DonnybrookDublin 4

CONTACTTony O’Beirne(t): + 353 1 668 4333(e): [email protected]

FURTHER DETAILS / ARRANGE VIEWINGTo arrange a viewing or for further information, please contactthe BNP Paribas Real Estate Ireland Investment Department:

Danielle Rocca Devine(e): [email protected]

Matthew Vanston(e): [email protected]

Block 6Topaz House

20 Merrion Road, Ballsbridge, Dublin 4, D04 C9E2 Tel: +353 1 661 1233 PSRA No: 002702

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for sale topaz house, block 6, by private treaty beech hill...

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