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 60,400 sq ft. At purchase it had a passing rent of £2.1m (£41 per sq ft on average) with all leases expiring in 2025, with tenant breaks in 2023. The net initial yield was 3.5%, rising to c.4.2% on letting the 9,400 sq ft of vacant space.
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.
- Village
- Southbank
- Type
- Offices
- Size
- 60,400 sq ft
(5,610 sq m) - Space Available
- 19,400 sq ft
(1,800 sq m) - Value
- £25 - £50 million
Agents
Knight Frank
020 3967 7095
Savills
020 740 98832
Related Press
04 November 2021
19,400 sq ft of premium, Furnished + Flexible office space in the heart of London’s vibrant Southbank, now available across three 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
Part 6th Floor – 4,821 sq ft
7th Floor – 7,297 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
Location
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