40 Residential Properties in Central Cambridge

The portfolio consists of 37 Houses of Multiple Occupation (HMO) and 3 apartment blocks located in clusters across central Cambridge. Each house is divided into a mix of 5, 6, 7 and 8 bedrooms, 132 of which have en-suite bathrooms. The flats are all studios or 1 beds with 1 x 2 bed flat. The apartment blocks have 4, 8 and 9 individual flats. The portfolio provides 241 lettable bedrooms out of a total of 244. The additional rooms are either used for storage or are too small to be rented out via current space standards legislation. At present, 234 rooms are let. All properties are freehold and held in a clean offshore SPV. Fully let for the 2022/23 academic year at a gross rent of c. £1.7m. Affordable average weekly rent of £145 per room.