Buyer sought for Liverpool’s £2.6m Islington Court scheme

Real estate services firm CBRE UK has been instructed to market Islington Court, a student accommodation scheme in Liverpool.

The company’s Liverpool-based development and residential capital markets team is looking to sell the development for over £2.6m.

Located on Gildart Street near London Road, Islington Court comprises 47 apartments across six-floors in three- and four-bedroom clusters.

The site was built in 2013 and forms part of the city’s £2bn Knowledge Quarter.

The head of Northern residential investment at CBRE, Mike Gorman, said: “Islington Court offers an attractive residential investment, boosting the regeneration of this distinctive neighbourhood and its thriving student population.

“Whilst primarily appealing to the student demographic, there is potential to diversify future lettings between students and working professionals due to its close proximity to the city.”

He added: “The property has enjoyed 100% occupancy since it was completed in 2013 and is fully let for the 2017/2018 academic year, providing income of £226,732 pa. We are looking at offers in excess of £2.6m.”

CBRE UK is acting on behalf of developer Parkmoor Group Ltd.