Blue Star House

Address:
234-244 Stockwell Road, London SW9 9SP
Type:
Residential
Viewed:
696

Description of Blue Star House

Blue Star House is an office building in Brixton, London SW9.

The property sits on a 0.7 acre site that includes a surface car park, is located immediately opposite the Brixton O2 Academy.

Brixton underground and overground stations are only a few minutes’ walk away with travel times to Victoria and Oxford Circus of just 7 and 11 minutes.

2020 Jan - Derwent London exchanges contracts to acquire the freehold interest in Blue Star House for £38.1m before costs.

Connected Companies

Developer:

Transport

The nearest tube, train and bus stations.
Brixton Rail Station
Southeastern
Brixton Academy
196, 2, 322, 333, 345, N2

News: (1)

Derwent London exchanges contracts to acquire the freehold interest in Blue Star House for £38.1m before costs. The 53,750 sq ft 11-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground/podium level. The rent on acquisition is £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. Vacant possession can be achieved in the next few years and there is scope to redevelop the site with a larger scheme.

Paul Williams, Chief Executive at Derwent London, commented:
"We are delighted to have acquired Blue Star House and added Brixton as a location within our portfolio. With its excellent connectivity to the West End, we see this as an exciting addition to our substantial development pipeline.”

31/01/2020 11:14 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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