The Green Quarter, Athlone, Co. Westmeath, N370000

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 potential for a student accommodation led development (subject to planning permission). lands 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 residential development in a highly sought-after midlands town with good quality transport links. The Opportunity The lands offer a purchaser an excellent opportunity for a higher density student accommodation and retail scheme utilising the additional lands. An indicative feasibility study has been prepared by Henry J Lyons Architects showing the potential for an additional 217 student beds with an additional 194 sq.m (2,088 sq.ft) of café / retail accommodation. Student Accommodation Market Existing Stock While government data from the NSAS update implied a PBSA stock of 40,550 nationwide as at Q3 2019 (most recent NSAS update available) , Lisney calculates the nationwide PBSA stock as at May 2022 at approximately 44,000. The table below shows the geographical spread of Lisney's estimation of stock and the division between privately owned and those owned by higher education institutions. Viewing is strictly by appointment only. For further information please contact Lisney Development Land team. Highly strategic landbank extending to approx. 4.8 ha (11.86 acres) situated in the townland of Lissywollen, Athlone. The 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). A 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. Majority of the lands are zoned Proposed Residential under the Lissywollen South Framework Plan 2018 – 2024 with the balance zoned Mixed Use. The lands will be accessed by the new Lissywollen Avenue road, which was granted planning permission by An Bord Pleanála under planning reference 309513-21. The 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.