A Portfolio of 30 buildings comprising 296 HMO units. All of the houses had an HMO use and were let to various tenants including a handful of corporate accommodation providers. The Portfolio produced a very low yield on day one as the purchaser in this instance was able to renegotiate many of the leases to provide housing for homeless  and families in crisis with Local Authority Partners and Housing Charities.

Throughout 2020 and 2021 Allied Property have transacted in excess of £250m of similar HMO stock both within the M25 and across the UK. We continue to look for similar buildings with HMO or Hostel use across the UK for substantial ready, willing and able cash purchasers including property companies, funds and social housing REITs with whom we have a very close working relationship.