CBRE Instructed on Operational London Residential Portfolio, The Dome Apartments
Global real estate advisor CBRE has been instructed to seek offers on The Dome Apartments, London.
The portfolio comprises four freehold operational assets located within London zones 1-3 across Acton, King’s Cross and Kentish Town which can be purchased individually or as a portfolio.
The portfolio offers 136 beds, with a mixture of self-contained studios and non en-suite rooms. Altogether it achieves circa 95% occupancy and has a total gross income of circa £1.8m.
CBRE is instructed to seek offers in excess of £30m for the freehold interests.
The areas in which these properties are located are very popular with a variety of renters, in particular students and young professionals. The assets benefit from the areas’ very attractive supply and demand dynamics, making them a highly desirable investment opportunity for which we anticipate a high level of interest both from within the UK and further afield.