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UK: Derwent London has put Blue Star House, an 11-storey office building with planning consent for C1 aparthotel use, on the market for £30 million.
The site, located near Brixton tube station, has consent for a conversion and extension to create 341 studios under a C1 aparthotel.
The development will also include a mix of amenities including coworking space, gym facilities, café/bar and communal areas.
Blue Star House currently has a number of office tenants with leases expiring by 2027. Colliers, which is marketing the property, said that it will provide a “short-term income stream while the residential development plans are finalised”.
Lucy Keeling, associate director in Colliers’ living team, said: “Blue Star House represents a standout opportunity to deliver a best-in-class C1 aparthotel scheme in one of London’s most dynamic and supply-constrained markets.
“The scale of the consented scheme, combined with Brixton’s exceptional connectivity to central London, with journey times of under 20 minutes, and the nearby leisure opportunities, positions this as a flagship asset capable of setting a new benchmark for an unrestricted C1 aparthotel scheme in Zone 2.”
Highlights:
- Derwent London has brought Blue Star House in Brixton to market for £30 million, offering an office building with planning consent for conversion into a 341-studio C1 aparthotel.
- The consented Brixton development includes an extension and amenities such as coworking space, a gym, café/bar and communal areas, creating a large-scale aparthotel near Brixton Underground station.
- Blue Star House retains office tenants with leases expiring by 2027, providing short-term rental income while plans for the C1 aparthotel development progress.
- Colliers said the consented 341-studio aparthotel scheme benefits from Brixton’s strong transport links, with journey times to central London of under 20 minutes and a supply-constrained market.
