In the heart of London’s Camden, these bright, spacious apartments were previously used as staff accommodation. As they were no longer required, LabTech London originally instructed Saxbury to determine which approach would provide the highest net returns out of individual or block leasing.

Having identified a fully repairing and insuring block lease as the ideal solution, Saxbury ran a competitive search and selection campaign. Both UK-based and foreign operators showed interest and an emerging, UAE-backed operator was selected.

The apartments benefit from an excellent location and many have balconies. However, an extensive refurbishment was carried out by the landlord, to a turnkey specification, to maximise returns.

Trading as serviced apartments, the units enjoy high occupancy rates and close proximity to buzzing Camden Lock, Camden High Street and the adjacent market. Other demand drivers include the impressive Hawley Wharf redevelopment zone as well as media and tech corporates such as Viacom and the new £1bn Google headquarters in King’s Cross.