31,141 sq ft of office space is now available at 230 Blackfriars Road. Arranged over four floors, there is 7,297 sq ft of Furnished + Flexible, 7,297 sq ft partially fitted and 16,548 sq ft of CAT A space.
Located in the heart of London’s Southbank, a neighbourhood home to a thriving food and drink scene, vibrant cultural offering and a cosmopolitan community. Perfectly placed to enjoy the best London has to offer.
Agents
Knight Frank
020 3967 7095
Savills
020 740 98832
Location
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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 for a substantial office-led development in excess of 200,000 sq ft.
- Village
- Southbank
- Type
- Furnished + Flexible
- Offices
- Size
- 60,400 sq ft
(5,610 sq m) - Space Available
- 31,141 sq ft
(2,890 sq m) - Value
- £25 - £50 million
Agents
Knight Frank
020 3967 7095
Savills
020 740 98832
Related Press
04 November 2021