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BLOCK C
SIR JOHNROGERSON’S
QUAYDUBLIN 2
77
BLOCK C SIR JOHN ROGERSON’S QUAY
DUBLIN 277
Executive Summary• Block C, 77 Sir John Rogerson’s Quay is a prime
office building located in the heart of Dublin’s South Docklands
• 6 storey over basement Grade A office building constructed in 2004
• Extends to a total area of 3,197 sq m (34,413 sq ft) with a generous car parking provision for 21 cars
• Ideal floorplates of approx. 540 sq m (5,800 sq ft). There is virtually no competing stock currently available in this size category in the South Docklands
• Central core, generous floor-to-ceiling heights and curtain wall glazing ensure natural light is maximised throughout the floorplates
• The building is currently vacant and is ready for immediate occupation
• For Sale by Private Treaty
77
BLOCK C
77 SIR JOHNROGERSON’S
QUAYDUBLIN 2
PROPOSED BRIDGE
PROP
OSED
BRI
DGE
RUTLAND PLNORTH GREAT GEORGE’S ST
YORK ST
KING ST SOUTH
NORTH LOTTSLIFFEY ST LOWER POOLBEG ST
LUKE
ST GLOUCESTER ST SOUTH
MOORE LN
NORTH EARL ST
MARLBOROUGH ST
HAWKINS ST
PRINCE’S ST NORTH
MIDDLE ABBEY ST
ABBEY ST LOWER
MARK’S LN
SETANTA PL
CREI
GHTO
N ST
BYRN
E’S
LN
DAME LN
ANGL
ESEA
ST
EUST
ACE
ST
GRENVILLE ST
TALB
OT PL
ACE
EMPRESS PL
MARY ST HENRY ST
FLEET ST
COPE ST
TEMPLE BAR
TEM
PLE
LANE
S
ESSEX ST EAS T
ST ST
EPHE
N’S G
REEN
WES
T
CHURCH ST
NEW
WAP
PING
ST
WILL
IAM ST
SOUT
H
HASTINGS ST
ASGA
RD R
D
HORSE FAIRFORB
ES S
T
GREEN ST EASTHANOVER QUAY
BENS
ON S
T
BLOO
D ST
ONEY
RD
SIR JOHN ROGERSON’S QUAY
DENZILLE LN
PEAR
SE S
Q
HOLLES ROW
MAYOR ST UPPER
CAST
LEFO
RBES
RD
CALEDON RD
SAINT MARY’S RD
KILLANE RD
WEST
RD
DRUR
Y ST
EXCHEQUER ST
DUKE ST
CLAR
ENDO
N ST
GRAF
TON
ST
ANNE ST SOUTH
PERCY PL
PERCY PL
PERCY LN
HERB
ERT S
Q
LAD
LN
STEP
HEN’
S PL
GRAT
TAN
ST
HOGAN AVE
WILTON
PL
WILTON TR
FLEMING PL
CHURC
H RD
SHERIFF ST LOWER
WAT
ERLO
O LN
BURL
INGTO
N RD
HERBERT RD
C LAREMONT RD
SERPENTINE RD
EXCH
ANGE
PL
JAMES JOYCE ST
CRANFIELD P L
RAGL
AN R
D
WEL
LINGT
ON R
D
PEMBROKE LN
LOVE L
N
LANSDOWNE PARK
LANSDOWNE PARK
CRINAN STRAND
ORIEL S
T LOW
ER
CUSTOM HOUSE HARBOUR
FOLEY ST
GRAN
T’S RO
W
BEAVER ST
RAILWAY ST
RUTLAND ST LOWER
BAGGOTT LNPEMBROKE GDNS
HADDINGTON PL
GORDON ST
JOY
ST
SOUTH DOCK STPENROSE ST
MERCH
ANT’S
RD
OSSORY RD FORT
H RD
BARGY RDRAVENSDALE RD
CALEDON RD
S
HELMAL
IER RD
MOORE ST
CHURCH RD
SEAVIEW AVE
SHAMROCK TR
VAVASOUR SQ
GRAN
D CA
NAL Q
UAY
O’CONNELL GAR
DENS
HAVELOCK SQ
PARK
LN
CRAMPTON AVE
EAST
RD
GEORGE’S DOCK
STEPHEN’S LN
LEESON STREET LOWER
MOS
S ST
WES
TLAN
D RO
W
CITY QUAY
EDEN QUAY
BACHELORS WALK
FITZW
ILLIAM
ST U
PPER
MERRIO
N SQ
E
GARDINER STREET LOWER
GARDINER ST MIDDLEMOUNTJOY SQ
MERRIO
N SQ
W
MERRION SQUARE SOUTH
KEVIN ST LOWER
DOMINICK STREET LOWER
SUMMERHILL
PARNELL STREET
BURGH QUAY GEORGE'S QUAY
ASTON QUAY
PEMBROKE STREET
LIM
E ST
ERNE
ST L
OWER
ER
NE ST
U
PPER
HOLL
ES ST
HILL STREET
HERBER
T PLA
CE
WARRINGTO
N PLACE
HATCH STREET UPPER
EAST
WAL
L ROA
D
MAYOR ST LOWER
ORIEL S
T UPP
ER
SHERIFF ST LOWER
COM
MON
S ST
REET
WAT
ERLO
O RO
AD
NEWBRIDGE AVE
TALBOT ST
BATH STREET
BEACH ROAD
EAST
WAL
L ROA
D
CUSTOM HOUSE QUAY
KILLARNEY ST
SEAN MAC DERMOTT ST LOWER
SEAN MAC DERMOTT ST UPPER
BUCKINGHAM ST LOWER
SAINT MARY’S ROADBA
RROW
STR
EET
MESPIL ROAD
HADDINGTON ROAD
SOUT
H LO
TTS R
OAD
SANDYMOUNT RD
ADELAIDE ROAD HARCOURT ROADHARRINGTON ST
NORTH WALL QUAY
GUILD
STR
EET
SEVILLE PLACE
MAC
KEN
STR
EET
CARD
IFF L
ANE
DORS
ET ST
REET
UPP
ER
TARA
ST
AMIEN
S STR
EET
SHERIFF STREET UPPER
TOLL BRIDGE ROAD
EAST
LINK
BRI
DGE
LONDONBRIDGE RD
BATH AVENUE
SHELBOURNE ROAD
GRAND CANAL ST UPPER
GRAND CANAL ST LOWER
HOGAN PLACE
PEMBROKE ROAD
NORTHUMBERLAND ROAD
NORTHUMBERLAND RD
MOUNT ST LOWER
MERRION SQUARE NORTH
NASSAU STREET
PEMBROKE ROAD
BAGGOT STREET UPPER
BAGGOT STREET LOWER
SERPENTINE A
VE
TRITONVILLE ROAD
IRISHTOWN ROAD
IRISHTOWN ROAD
BRIDGE STRINGSEND ROAD
PEARSE STREET
LANSD OWNE RD
LANSDOWNE RD
HANOVER ST EAST
TOWNSEND STREET
D’OLIER ST
O’CONNELL STREET UPPER
PARNELL SQ EAST
BLESSINGTON ST
WES
TMOR
ELAN
D ST
CUSTOM HOUSEQUAY
SAM
UEL B
ECKE
TTBR
IDGE
PROMENADE ROAD
CHAPELIZOD ROAD
BALLYFERMOT ROAD
SARSFIELD ROAD
CON C OLBERT ROAD
MERRION SQUARE
DAW
SON
STRE
ET
KILD
ARE S
TREE
T
ST STEPHEN’S GREEN
MOLESWORTH ST
RINGSENDPARK
LANSDOWNE ROAD DART STATION
M50
GRAND CANAL DOCKDART STATION
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
LUASSTOP
TRINITY COLLEGE
DÁIL EIREANN
ST STEPHEN’S GREENSHOPPING CENTRE
SHELBOURNE HOTEL
1
3
4
5
10 1814
19
92
76
8
12
16
15
11
13 17
2021
23
28
29
32
33
31
30
27
2625
24
22
22
22
22
22
22
22 SUBJECTPROPERTY
THECONVENTION
CENTRE
IFSC
BORD GÅIS ENERGY THEATRE
NATIONAL LIBRARYOF LRELAND
GOVERNMENTBUILDINGS
LocationThe property is located just off Sir John Rogerson’s Quay in the heart of Dublin’s South Docklands.
The area is a vibrant commercial hub and surrounding uses are primarily office focussed, with a number of apartment blocks and an element of retail accommodation.
There are a number of high profile office blocks currently under construction in the locality including Capital Dock, The Reflector, 5 Hanover Quay and 76 Sir John Rogerson’s Quay.
With the completion of all of these schemes scheduled in 2018, the Grand Canal Docks has continued to improve and evolve into one of the most sought after office locations in Dublin City.
The vast majority of recently constructed offices in this location have large floor plates. The smaller floor plates in Block C make it extremely marketable to occupiers as there is a shortage of smaller floor plate accommodation in this precinct.
TransportationCentrally located and served by all of the city’s transport links, the property is easily commutable to and from all parts of Dublin. Dublin Bus, the DART and LUAS light rail system all provide reliable access links to this central location with stations within easy reach.
The area has excellent road infrastructure with the Samuel Beckett Bridge providing speedy access to the North Docklands, IFSC and to Dublin Airport. A new public transport bridge is also planned connecting Grand Canal Docks with Ringsend.
The area is also set to benefit from new pedestrian bridges to the North Docklands which will improve the walk time to the LUAS red line. In addition, there is also long term potential for the proposed development of the DART Underground to service the location.
With five dedicated Dublin Bikes stations located within the Grand Canal Docks and ample bicycle storage within the building, cyclists are very well catered for.
1 Bb’s Co�ee & Co
2 Café Bar H
3 Café Parigi
4 Café Sora
5 Charlotte Quay
6 Herbstreet Brasserie
7 HQ Gastro Bar
8 Il Valentino Bakery
9 Insomnia Co�ee
10 Juniors
11 KC Peaches
12 Milanos
13 Munchies
14 Paulie’s Pizza
15 Pause Café Bistro
16 The Art of Co�ee
17 The Ferryman Pub
18 The Old Spot
19 3FE
20 Donnybrook Fair Market
21 Fresh Supermarket
22 Several Spar Supermarkets
23 The Ferryman Hotel
24 The Gibson Hotel
25 The Maldron Hotel
26 The Marker Hotel
27 The Spencer Hotel
28 Educogym
29 Flyefit Gym
30 Grafton Barber
31 Life Pharmacy
32 Safari Creche
33 Perpetua Cross Fit Gym 77
Drive Times
Walking Times
to Port Tunnel 8 Mins
Dublin Airport via Port Tunnel 20 Mins
DART Pearse Street Stationn
10 Mins
LUAS Mayor Square 13 Mins
DART Grand Canal Dock Station
11 Mins
Dublin Bikes Benson Street 1 Min
DART Connolly Station
20 Mins
Dublin Bus Benson Street 1 Min
1
2
3
4
5
610
111213
14
15
7
8
9
1 Accenture
2 Airbnb
3 Arup
4 Bank of Ireland
5 Beauchamps
6 BNY Mellon
7 Facebook
8 Grant Thornton
9 HSBC
10 Hubspot
11 Logmein
12 Matheson
13 Trip Advisor
14 State Street
15 William Fry
16 JP Morgan
17 Central Bank of Ireland
18 NTMA
19 PWC
20 AIG
21 A&L Goodbody
22 Citi Group
23 Core Media
24 Three
25 McCann Fitzgerald
Docklands Occupiers Include:
16
18
17
19
2021
22
23
24
25
‘The Docklands has continued to improve and evolve into one of the most sought after locations in Dublin’
BLOCK C
77 SIR JOHNROGERSON’S
QUAYDUBLIN 2
77
Existing and CGI, for illustration purposes only
77
Description & SpecificationThe property comprises a 6 floor over basement office block fronting onto Benson Street. At ground floor level there is a bright and spacious reception area along with meeting room facilities. The reception is accessed from Benson Street via a recessed entrance with a revolving door. Upper floors are accessed via a central core which has ample bathroom facilities at each floor level.
The specification of the property includes raised access floors, suspended ceilings, floor to ceiling glazing, recessed lighting and four pipe fan coil air conditioning throughout. The floor plate is arranged around a central core which gives flexibility to split into multiple tenancies per floor (subject to necessary permits). It also maximises natural light into the office.
The building benefits from a generator with a capacity of 500 KVA and 180 category 6 Krone TruNet data points per floor. The current fibre capacity is 1GB. The building is served by two Mid-Western 630kg/8 person lifts.
The 5th floor has been improved to include new micro perforated metal ceiling tiles, LED lighting and carpeted raised access floors. The property also benefits from a balcony at 5th floor level.
The refreshment of the 5th floor to CAT A standard at relatively low cost identifies the high quality potential of the floors with a quick delivery requiring no new fire or disability access certification.
77 Sir John Rogerson’s Quay will appeal to single occupiers who wish to control their own building identity and management. Should the building be multi-let, the design allows for an efficient conversion to floor by floor lettings and the reception is appropriately sized at 117 sq m (1,257 sq ft) to efficiently allow the building to be split and increase the pool of target occupiers.
‘The building will appeal to single occupiers who wish to control their own building identity and management’
77
BLOCK C
77 SIR JOHNROGERSON’SQUAYDUBLIN 2
AccommodationFloor Floor Area Sq m (NIA) Floor Area Sq ft (NIA)
Ground 501.1 5,395
First 541.9 5,833
Second 544.4 5,860
Third 543.4 5,849
Fourth 545.2 5,868
Fifth 521.0 5,608
Total 3,197 34,413
Car Spaces 20
Typical Floor Plate
Stairs
Riser
Riser
Toilet
ToiletLifts Lobby Stairs
Toilet
Riser
‘Ideal floorplate size of approx. 540 sq m with virtually no competing stock currently available in this size category in the South Docks’ 77
BLOCK C
77 SIR JOHNROGERSON’S
QUAYDUBLIN 2
2.7 m
34.25m
19.3m
Dublin 2
ICTFinancial ServicesProfessional, Technical ServicesAdmin. & Support Services (Public Sector)Admin. & Support Services (Public Sector)IndustryReal EstateOther
30%
23%19%
19%
5%
3%
1%
In the Docklands the ICT and Financial Services Sectors are also active as is the Public Sector which accounted for 24% of all lettings.
The area has become Dublin’s principal modern office district and business hub. Neighbouring occupiers include:
Docklands
ICTFinancial ServicesProfessional, Technical ServicesAdmin. & Support Services (Public Sector)Admin. & Support Services (Public Sector)IndustryReal EstateOther
27%
9%
25%
24%
14%1%
Market AnalysisDublin 2 is a popular location with ICT firms who accounted for 35% of all lettings in 2016 and the Financial Services Sector who were responsible for 23% of all take-up on 2016.
This area’s popularity is reflected in the fact that the vacancy rate in Dublin 2 is 6.28% and the Grade A rate is 4.06%. In the South Docklands the overall vacancy rate is 1.81% and the Grade A vacancy rate is 0.36%.
The Docklands is a lively, cosmopolitan and an immensely popular destination for entertainment with a broad range of amenities including theatres, hotels, cafes, bars, restaurants, shops and watersport activities. The planned Chocolate Park to the rear of 77 Sir John Rogerson’s Quay will increase the available amenities in the location.
‘The building will satisfy 93% of logged live Dublin 2 requirements’
The floorplate size of approx. 540 sq m per floor will result in the floors being extremely attractive to the occupier market. Transaction volumes at these levels are significantly higher particularly in the Dublin 2 market as evidenced by the table below:
All Dublin 2016 Lettings
Size Range No. of deals Total sq m Average sq m% Share of
number of deals transacted
% Share total space taken up
465 sq m or less 107 27,094 253 46.72% 12.05%
465 - 929 sq m 67 42,435 633 29.26% 18.87%
929 - 1,858 sq m 26 37,952 1,460 11.35% 16.88%
1,858 - 4,645 sq m 22 61,613 2,801 9.61% 27.40%
4,645 sq m or more 7 55,740 7,963 3.06% 24.79%
Total 229 224,834 982 100.00% 100.00%
Dublin 2 2016 Lettings
Size Range No. of deals Total sq m Average sq m% Share of
number of deals transacted
% Share total space taken up
465 sq m or less 28 7,759 277 35.90% 9.10%
465 - 929 sq m 29 19,367 668 37.18% 22.71%
929 - 1,858 sq m 11 16,722 1,520 14.10% 19.61%
1,858 - 4,645 sq m 7 20,210 2,887 8.97% 23.69%
4,645 sq m or more 3 21,235 7,078 3.85% 24.90%
Total 78 85,292 1,093 100.00% 100.00%
ICT Financial Services Professional, Technical Services Admin. & Support Services (Public Sector)
Admin. & Support Services (Private Sector) Industry Real Estate Other
Demand
Dublin 2 including the Docklands has maintained steady and strong levels of demand over the last two years despite high level of take-up. Dublin 2 has always been the predominate postcode of choice within Dublin. As seen by the table below there is a significant number of occupiers looking within the Dublin 2 market. Importantly the majority of requirements logged are for less than 10,000 sq ft which is in line with the historically most prevalent floor plate size for Dublin. The building will allow investors to actively capture this market. There are a limited number of other buildings able to accommodate this market efficiently ensuring demand from a large and captive market therefore minimising letting risk.
Dublin 2 has performed very strongly with prime rents in the area now surpassing €60 psf.
Current Occupier Demand for Dublin 2
D2 No. of Active Occupiers Sq ft Total Sq ft Average Share of Number of
RequirementsShare of Number of
Total sq ft Take Up %
5,000 sq ft or less 61 191,200 3,134 33% 5%
5,000-10,000 sq ft 52 387,500 7,452 28% 11%
10,000-20,000 sq ft 42 606,250 14,435 22% 17%
20,000-50,000 sq ft 21 1,039,750 49,512 11% 28%
50,000 sq ft or more 11 1,434,250 130,386 6% 39%
TOTAL 187 3,658,950 100% 100%
Contacts & Further Information
Savills Ireland33 Molesworth StreetDublin 2Ireland
PSRA: 002233
Andrew CunninghamT: +353 (0) 1 618 1720E: [email protected]
David O’MalleyT: +353 (0) 1 618 1458E : [email protected]
Domhnaill O’SullivanT: +353 (0) 1 618 1364E: [email protected]
Shane CorbyT: +353 (0) 1 618 1450E: [email protected]
PricingGuiding in excess of €28 million subject to contract / contract denied.
Project Website and Dataroomhttps://sites.savills.com/77sirjohnrogersonsquay
ViewingsViewings are strictly to be arranged through the sole selling agent Savills.
VATVAT will apply on the sale.
BER DetailsBER Rating: E1BER No: Available in the data roomEnergy Performance Indicator: Available in the data room
77
BLOCK C
77 SIR JOHNROGERSON’S
QUAY DUBLIN 2
PROPERTY MISREPRESENTATION ACT
The Agents and the Vendor/Lessor 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.
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BLOCK C
77 SIR JOHNROGERSON’S
QUAYDUBLIN 2
77
