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POA

Refreshed on:02/11/2017

Brookfield Hall, Castletroy , Limerick

3095 m2


Description

Block 8 Brookfield Hall, Castletroy, Limerick Investment Opportunity For Sale by Private TreatyGuide Price - €2.4 million (ex VAT)Investments Summary:- Excellent opportunity to acquire a modern student block within Brookfield Hall student complex.- Brookfield Hall is a purpose-built (circa 2000) student apartment complex located on the Groody Road in Castletroy.- The subject property comprises an entire four storey block within the complex of 234 units built around a courtyard setting.- Total of 40 student apartments within the block - 29 no. two beds, 8 no. three beds and 3 no. four beds.- The units offer modern spacious student accommodation with all units fitted to a good specification.- Limerick is home to over 21,000 students annually, with over 12,000 of which attending the University of Limerick.- Limerick City has seen large year on year residential rent increases for student accommodation.- Considering the very limited supply, both rents and capital values are forecast to continue to strengthen throughout 2017 and into 2018- The block is producing a net annual income of approx. €150,000 after deduction for all costs.- Guide price €2,400,000 (ex VAT)Location:- 3 Major Higher Education Institutions with 21,000 students / 6,000 graduates annually- Limerick is home to over 21,000 students annually (12,000 in the University of Limerick)- 6,000 graduates annually - Limerick has the highest disposable income outside the greater Dublin region - Midwest GVA is the 3rd Highest across the Irish Regions- Half a million people within 60 minute drive with almost 50% of the population under 35 years- Over 14,000 working in over 100 overseas companiesLocation Brookfield Hall is a modern student apartment complex situated just off the Groody Road in Castl ...

Cushman & Wakefield (Limerick)

Hibernian House, 105 Henry Street, Limerick, Co. Limerick

Tel: 061 418 111

PSRA Licence No.  002222





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