Downing Commercial CLIC portfolio | Page 2

CORK & LIMERICK INVESTMENT COLLECTION INTRODUCTION On behalf of the vendor, Downing Commercial are delighted to present the Cork, Limerick Investment Collection, an exceptional portfolio of 8 properties located in Cork and Limerick. C O R K & L I M E R I C K INVESTMENT COLLECTION This portfolio offers a unique opportunity to benefit from a now recovering retail sector and renewed demand from retailers for quality retail accommodation. In addition, the Cork Office premises is ideally positioned to benefit from the strong recovery in the Cork suburban office market. The entire collection is For Sale by Private Treaty on the instructions of Irish Life Assurance Plc. as individual lots, a complete portfolio or a combination of lots. We are inviting offers for the entire collection in excess of €9,550,000 subject to Contract and exclusive of VAT, reflecting a net initial yield of 9.1% (on the basis that the vacant space in UTC is let @ €12psf). Individual quoting prices for the “CLIC” are set out in the summary section. DATA ROOM VIEWINGS Access to the data room can be arranged through the vendor’s solicitor subject to the completion of a non‑disclosure agreement (“NDA”), please contact Mr. Barry Noonan, William Fry Solicitors at [email protected] for a NDA. Viewings are to be arranged strictly through the sole selling agents. OVERVIEW The floor areas have been independently and professionally measured by Messrs. Malcolm Hollis and these areas are measured in accordance with the SCSI code of measuring practice guidelines and the International Property Measured Standards (IPMS). The measured surveys will be assigned to the purchasers. WAULT: Existing tenancies have a WAULT of 3.64 years as of January 1st 2016. PROCESS The properties are available on a Private Treaty Basis in one or more lots – depending on interest the vendor reserves the right to request “Best Bids” (on a date to be confirmed). The vendor is not obliged to accept the highest or any offer. SOLICITORS William Fry 2 Grand Canal Square, Dublin 2. For the attention of: Barry Noonan – [email protected] James Kelly – [email protected] Tel: [phone] SELLING AGENTS John Downing FSCSI FRICS Declan Hickey BSc ASCSI Anthony Quinlan BSc ASCSI Mobile: [phone] Email: [email protected] Mobile: [phone] Email: [email protected] Mobile: [phone] Email: [email protected]