Agents CBRE are quoting a guide price of €1.4m for No 50-51 Bolton Street, a mixed-use investment property with excellent potential to be used as student accommodation. The property is located very close to Dublin Institute of Technology's new Grangegorman campus.
Given the housing crisis the country is mired in at the moment any potential investment in student accommodation must be welcomed with open arms.
The ground floor of 51 Bolton Street is rented out to Subway under a 20-year lease. A perfect combination for students looking to burn the candle at both ends to get an essay done.
The Independent writes:
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The site is zoned Z5 'Mixed Use' and would be suitable to accommodate a small, four-storey over basement apartment block/student accommodation block. There is planning permission in place for seven apartments and a basement floor for services, plus an additional two apartments within the existing front building.
Here's hoping this development could ease some of the pressure on Dublin students in a very competitive renting market.
H/T: Independent.ie
