The Worthgate School, 56-60 & 68 New Dover Road

Long income school investment let to a leading International Education Institution

• Property specification

  • 56-60 & 68 New Dover Road comprise the majority of the campus for The Worthgate School, a highly respected international boarding school offering accommodation and summer programmes for secondary school students
  • A total of 51,701 sq ft (GIA) providing teaching space and student accommodation (73 en-suite bedspaces across 51 single rooms and 11 twin rooms)
  • Freehold
  • Two co-terminus full repairing and insuring leases assigned to Cambridge Arts & Sciences Limited (CATS) with an Authorised Guarantee Agreement from Cambridge Education Group (CEG)
  • Both leases have a tenant’s option to renew for a further 15 years at lease expiry
  • Total passing rent of £657,679 p.a. with 5 yearly rent reviews in line with RPI (collar of 2% and cap of 4% compounded annually)
  • The vendor will top up the rent to the next rent review in December 2027 calculated assuming actual RPI to Dec 2025 and minimum uplifts of 2% in 2026 and 2027, providing a topped-up rent of £767,915 p.a
  • Strong underlying alternative use values given the affluent neighbourhood and proximity to the city centre. Subject to obtaining any necessary consents
  • New key point...