Cushman & Wakefield Galway brings to the market an excellent opportunity to invest in the thriving Galway student accommodation market with the launch of 99 bed spaces in a dedicated student complex at Centrepoint, Liosban.
The subject property comprises 32 apartments providing a total of 99 bed spaces in the mixed-use Centrepoint development, along with 23 designated car spaces.
Galway has the benefit of a thriving student population of more than 27,000 from NUI Galway and Galway Mayo Institute of Technology. According to the 2019 Irish Survey of Student Engagement, international students grew by 26 per cent over the last three years, and Irish students grew by five per cent in 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 in the fiscal year 2018/2019, and Cushman & Wakefield believes the opportunity has good reversionary potential.
Sole selling agent Cushman & Wakefield is seeking bids in excess of €5,500,000 on the property.
For further details contact Sean Coyne or Patricia Staunton, Cushman & Wakefield, on 091 569181.