The freehold interest in Blue Star House, 234-244 Stockwell Road, Brixton SW9 was acquired in February 2020 for £38.1m before costs.
The 53,400 sq ft eleven-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground/podium level.
The rent on acquisition was £0.8m, equating to a low average rent of £14.50 per sq ft on the occupied office space. The acquisition price equates to a capital value of £710 per sq ft.
There is the potential to double the existing floorspace to 110,000 sq t. Vacant possession can be gained in 2025.
Blue Star House is a prominent island site conveniently located in the centre of Brixton, opposite the iconic Grade II listed O2 Academy Brixton.
4,100 sq ft - 16,500 sq ft of bright workspace with an industrial aesthetic is available. All spaces benefit from double aspect with great natural light pouring in through large windows.
This is an exciting opportunity to join a community of creative start ups, small businesses and established brands whilst benefitting from the excellent connectivity and vibrancy Brixton has to offer.
020 7580 4797
Bray Fox Smith London
020 3362 4347
2 minutes' walk