The Grain Store Exceptional South Docks Office Investment Opportunity - 4-4A PRINCES STREET SOUTH DUBLIN 2 - Murphy Mulhall
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FOR SALE Tenants Not Affected
The Grain Store
Exceptional South Docks Office Investment Opportunity
4 - 4 A P R I N C E S S T R E E T S O U T H D U B L I N 2
Investment Summary l Unique South Docks Investment close to transport links and a range of amenities. l Approx. 1,098 sq.m (11,822 sq.ft) of office accommodation over six floors. l 100% occupied with a current rental income of €600,140 per annum. l Fully let on three separate leases to Digit Gaming Studios. l Flexible floor plates suitable for multi-tenant occupation.
Location Amenities
The Grain Store is located on the corner of Princes Street South and l The location is one that affords the property and tenants ease of access to all
Gloucester Street South, at the western end of Dublin’s Docklands. of Dublin city centre’s commercial, retail, leisure and cultural amenities.
The immediate and surrounding area benefits from excellent public l The property is superbly convenient to the Grafton Street Cultural and Shopping
transport links and easy access to Dublin airport via the Port Tunnel. Area, O’ Connell street and the IFSC.
The area is a vibrant working and living district offering a mix of offices, l Grafton Street and its immediate surrounds is Dublin’s premier retailing
restaurants, bars, hotels, and apartments. The area’s character has location.
been regenerated in keeping with the historic past and embraces l The South Docks area also provides an extensive range of amenities including
contemporary design. pubs, restaurants, hotels and cultural destinations including The Bord Gais
Theatre.
AIRPORT
PORT
TUNNEL
CONNOLLY
DOCKLANDS
O’Co
nnell
BUSÁRAS IFSC
George’s Dock
Mayor Square
Spencer Dock
Stree
Abbey Luas Red line
The Point
Street The
CHQ
t
Custom House
Jervis Street 10mins
Sean O’Casey Bridge North Wall Quay 3
Arena
TARA ST City Q
uay Samuel Beckett
Bridge
RIVER LIFFEY
Tara Street
St.
Glouce East Link
ster
Prince’s
Street Sir John Rog Bridge
erson’s Quay
7mins
DA
Pears
e Str
R
eet
GRAND
T
CANAL
HEUSTON DOCK
TRINITY COLLEGE
STATION
PEARSE ST
16mins
reet
n St
reet
Grafto
St
Dawson
et
s City
Stre
are
os
Kild
Luas Cr
St Stephen’s
Green
ne
en li
Merrion Square GRAND CANAL DOCK
Gre
ST STEPHEN’S GREEN
s
Lua
Dublin Bus
Dublin Bikes
Connectivity 1
2
CHQ – Restaurant/Cafes/Bars
Geards Deli RIVER LIFFEY
Aircoach l The Grain Store is located in the heart of the South Docklands. 3 Sprout & Co
Taxi Rank 4 Pig & Heifer
l All major public transport links are within a short walking distance 5 Grand Canal Dock
Luas Red Line CITY QUAY
including Pearse Street and Tara Street DART stations, LUAS lines 6 Clayton Hotel
Luas Green Line
Dart Line/Station
(Red & Green), numerous Dublin Bus services Dublin Bike Stations. 7 Hilton Gardens Inn
8 Bord Gais Energy Theatre
PRINCE’S ST
9 Convention Centre
10 Bread 41
11 Camile
REET
12 Honey Truffle
13 Trinity City Hotel
14 Trinity College
GLOUCESTER STREET
Description The Grain Store is a striking cut-stone former grain store that was redeveloped in 2002, and has undergone various upgrade projects across the various floors over recent years. It now provides the tenants with a modern contemporary interior, complimenting the older style building features. The building provides bright open plan accommodation. Finished to a modern specification including raised access floors with floor boxes, CAT 6 data cabling, low energy LED lighting, air conditioning and carpet flooring throughout. The Grain Store has a ground floor reception area, bike store and wc and shower facilities.
Floor Plans
5 Stairs
Stairs
Office Space
Lift
4 Stairs
Specification:
Toilets
Deck
Stairs
Lift
Office Space
l Raised Access Floors
Deck
l Low Energy Efficient LED Lighting
CAT 6 Data Cabling
3
l
Gas Central Heating
Stairs
l Lift
Stairs
l Air Conditioning Lift Office Space
l Balcony Access on Fourth Floor
l Carpet Floors
2
l WC and Shower Facilities
Stairs
Lift
l Passenger Lift Stairs
Toilets
Bike Store
Office Space
l Lift
Void
Spiral stair
1 Lift
Stairs
Stairs
Lift
Office Space
G Toilet
Lift
Stairs
Stairs
Lift
Reception Office Space
Toilets
ENTRANCE ENTRANCE
Tenant Profile
Digit Games Studio was founded in 2012. Digit is Ireland’s
largest games developer, and is the creator of free-to-play mobile
strategy games. Digit was acquired by US game developing
company Scopely in 2019. Scopely is a leading interactive
entertainment and mobile games company. It employs over
1,200 people worldwide. The company is headquartered in
Culver City, California, with offices in Spain, Ireland, England,
Korea, China, and Japan. In October 2020, Scopely announced
$340 million in Series E financing, valuing the company at $3.3
billion. As of October 2021, Scopely was valued at $5.4 billion.
Tenancy Schedule
Floor Area Floor Area Rent per Rent per Lease Date of Break Rent Review Lease End
Tenant Demise
sq.ft. sq.m Annum sq.ft. Start Date Option Dates Date
Digit Part Ground,
Games 1st and 2nd 5,511 511.99 €274,700.00 €50.00 08/07/2019 01/11/2024 31/10/2024 31/03/2029
Studio Floors
Digit
Games 2,355 218.79 €117,750.00 €50.00 01/04/2019 01/11/2024 31/10/2024 31/03/2029
Studio 3rd Floor
Digit 4th & 5th
Games 3,956 367.52 €207,690.00 €52.50 01/11/2021 01/11/2024 N/A 31/10/2026
Studio Floors
TOTAL 11,822 1,098 €600,140.00
The Grain Store
Zoning
Zone Z5: City Centre
To consolidate and facilitate the development of the central area,
and to identify, reinforce, strengthen and protect it’s civic design, character and dignity
Data Room
www.grainstoredataroom.com
Title
Freehold
BER
Solicitor
Jim Gollogley
JS Gollogley Solicitors
T: 01 9695297
E: jsg@jsgollogley.ie
For Further Information Contact
Brian Gaffney
T: +353 1 634 0300
E: bg@murphymulhall.ie
Hugh O’Donnell
T: +353 1634 0300
E: hugh@murphymulhall.ie
www.murphymulhall.ie
Disclaimer
These particulars are issued by Murphy Mulhall on the understanding that any negotiations relating to the property are conducted through them. While every care is
taken in preparing them for themselves, Murphy Mulhall and for the vendor/lessor whose agents they are given 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 purchasers 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) Murphy Mulhall nor any of their employees have any authority to make or give any representation or warranty in relation to the property.
PSRA LICENCE NUMBER: 003754
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