Centrepoint Liosban Galway€5,000,000 For Sale 2,050.93 sqm approx
Investment Property For Sale - 22,077 sq. feet (2,051 sq. metres)
Excellent Purpose-Built Student Accommodation Investment
Cushman & Wakefield Galway are delighted to bring to the market an excellent opportunity to invest in the thriving Galway student accommodation market with the launch of 99 bed spaces within a dedicated student complex in Centrepoint, Liosbaun.
The subject property comprises 32 apartments providing a total of 99 bed spaces within the mixed-use Centrepoint development and 23 designated car spaces.
Galway has the benefit of a thriving student population of over 27,000 from the National University of Ireland Galway (NUIG) and Galway Mayo Institute of Technology (GMIT). According to the 2019 Irish Survey of Student Engagement international students grew by 26% over the last three years and Irish Students grew by 5% for the same period across Ireland. This continued growth further underpins the need for well managed student accommodation such as the Centrepoint Complex which is strategically located between both third level campuses. The investment produced a gross income of €566,044 FY 2018/2019 and Cushman & Wakefield believe the opportunity has good reversionary potential.
Sole selling agents Cushman & Wakefield are seeking bids in excess of €5,000,000 on the property. For further details please contact Sean Coyne or Patricia Staunton, Cushman Wakefield on 091 569181