230 Blackfriars Road
230 Blackfriars Road SE1
In Q1 2022 Derwent London acquired the 100-year leasehold interest in Conoco House and Quadrant House in Southwark for £55.0m before costs.
Conoco House is a 1970s multi-let office building comprising 59,800 sq ft. At purchase it had a passing rent of £2.1m (£41 per sq ft on average) and a net initial yield of 3.5%, rising to c.4.2% on letting the 9,400 sq ft of vacant space. The property is now fully let.
The adjoining Quadrant House is a 36-unit residential building let to 2074 at a nominal rent.
Together they occupy a 0.8 acre site, which includes 30 car parking spaces, and has medium-term potential (2030+) for a substantial office-led development in excess of 200,000 sq ft.
- Type
- Furnished + Flexible
- Offices
- Size
- 59,800 sq ft
(5,550 sq m) - Value
- £25 - £50 million
Agents
Knight Frank
020 3967 7095
Savills
020 740 98832
Related Press
04 November 2021
14,579 sq ft of premium, Furnished + Flexible office space in the heart of London’s vibrant Southbank, now available across two floors at 230 Blackfriars Road.
This dynamic location offers a thriving food and drink scene, attractions and community - perfectly placed to enjoy the best of London.
5th Floor – 7,297 sq ft
7th Floor – 7,282 sq ft
Each floor is designed to support modern working styles, with flexible layouts and high-quality finishes. No matter what you're looking for, 230 Blackfriars Road offers the ideal blend of location, lifestyle, and workspace.
Agents
Knight Frank
020 3967 7095
Savills
020 740 98832
