Student apartment block near CIT can produce €100k-plus income

One of the closest, purpose-built student accommodation blocks to Cork Institute of Technology in the western suburbs has been put up for sale, guiding at €1.2 million.

Made up of eight apartments, spanning 36 student beds, plus a barber shop, the detached two-storey building is on a corner junction by the CIT campus on Rossa Avenue, which has over 12,000 students and close to 1,500 staff. It is offered via agent Edward Hanafin of Lisney.

The mix includes six five-bed apartments, each of c 1,000 sq ft, plus two three-beds of c 900 sq ft, all on a site of 0.37 acre with some parking.