{ "PropertyId": 4916763, "Address": { "FullAddress": "The Green Quarter", "Town": "Westmeath", "County": "Westmeath", "Eircode": "N370000" }, "Location": { "Latitude": 53.4304811, "Longitude": -7.9095189 }, "PropertyDetails": { "FloorAreaSqM": 48000, "Features": [ "Student Accomm" ] }, "BrochureContent": [ { "ContentType": "Description", "Content": "The property comprises a slightly irregular shaped parcel site extending to approximately 4.8 hectares (11.86 acres) comprising of a number of fields accessed of the R916 roundabout which offers exceptional\r\n\r\npotential for a student accommodation led development (subject to planning permission).\r\n\r\nlands are bounded to the north and east by the granted Lissywollen Avenue, to the south by the Athlone Greenway and to the west by Blackberry Lane. The lands are currently laid out in grass and split into a number of fields separated by existing hedgerow. The lands are general level in nature The land's strategic location presents a purchaser a truly unique opportunity to provide a much need student accommodation and\r\n\r\nresidential development in a highly sought-after midlands town with\r\n\r\ngood quality transport links.\r\n\r\nThe Opportunity\r\n\r\nThe lands offer a purchaser an excellent opportunity for a higher\r\n\r\ndensity student accommodation and retail scheme utilising the\r\n\r\nadditional lands.\r\n\r\nAn indicative feasibility study has been prepared by Henry J\r\n\r\nLyons Architects showing the potential for an additional 217\r\n\r\nstudent beds with an additional 194 sq.m (2,088 sq.ft) of caf� /\r\n\r\nretail accommodation.\r\n\r\nStudent Accommodation Market\r\n\r\nExisting Stock\r\n\r\nWhile government data from the NSAS update implied a PBSA\r\n\r\nstock of 40,550 nationwide as at Q3 2019 (most recent NSAS\r\n\r\nupdate available) , Lisney calculates the nationwide PBSA stock\r\n\r\nas at May 2022 at approximately 44,000. The table below shows\r\n\r\nthe geographical spread of Lisney's estimation of stock and the\r\n\r\ndivision between privately owned and those owned by higher\r\n\r\neducation institutions.\r\n\r\nViewing is strictly by appointment only. For further information please\r\n\r\ncontact Lisney Development Land team." }, { "ContentType": "Accommodation", "Content": "" }, { "ContentType": "Features", "Content": "Highly strategic landbank extending to approx. 4.8 ha (11.86 acres) situated in the townland of Lissywollen, Athlone.\r\nThe site benefits from a FPP for the development of 122 no. residential dwellings, and 283 student accommodation beds on 4.1 ha (10.13 acres).\r\nA feasibility study for the development of an additional 217 student beds on the remaining 0.70 ha (1.73 acres) has been prepared by Henry J Lyons Architects.\r\nMajority of the lands are zoned Proposed Residential under the Lissywollen South Framework Plan 2018 - 2024 with the balance zoned Mixed Use.\r\nThe lands will be accessed by the new Lissywollen Avenue road, which was granted planning permission by An Bord Plean�la under planning reference 309513-21.\r\nThe lands offer a potential purchaser the opportunity to acquire a strategically positioned land bank with a full grant of planning permission for a highly desirable student accommodation and residential development, with additional asset management opportunities through planning permission on additional lands." }, { "ContentType": "BER Details", "Content": "" }, { "ContentType": "Directions", "Content": "" }, { "ContentType": "Negotiator", "Content": "Cathal Daughton" } ], "Price": { "Display": "POA", "Value": 5000000, "Currency": "EUR" }, "Media": { "MainPhoto": "https://photos-a.propertyimages.ie/media/3/6/7/4916763/e2a3cdc2-7f2f-4f84-9eec-d12e2a84f4c3_l.jpg", "Gallery": { "Url": [ "https://photos-a.propertyimages.ie/media/3/6/7/4916763/e2a3cdc2-7f2f-4f84-9eec-d12e2a84f4c3_l.jpg" ] } }, "Agent": { "Name": "Lisney Commercial Dublin", "Logo": "https://photos-a.propertyimages.ie/groups/6/5/1/9156/logo.jpg" }, "Listing": { "Status": "For Rent", "DateListed": "07 Apr 2025" } }