Commercial Property for Sale in Waterloo
Waterloo lies on the south side of the Thames, opposite the West End and Westminster. The South Bank runs along its river frontage, with the Southbank Centre, the National Theatre, the BFI and the London Eye. Behind them, The Cut and Lower Marsh are lined with independent shops, restaurants and theatres, including the Old Vic and the Young Vic. The area has attracted major corporate occupiers as well as media, charity and professional firms.
Morgan Pryce advises businesses and investors who want to buy in Waterloo. We act only for the buyer. If you would prefer to lease, see our guide to office space to rent in Waterloo. Buyers also look at London Bridge to the east and Westminster across the river.
Waterloo is one of the busiest stations in Britain. It has National Rail services to south-west London and the south of England, and four Underground lines: the Bakerloo, Jubilee, Northern and Waterloo & City. The Waterloo & City line runs directly to Bank in the City. Southwark, on the Jubilee line, and Lambeth North, on the Bakerloo line, are nearby.
Commercial Property for Sale in Waterloo: Central London Without the West End Premium
Commercial property for sale in Waterloo offers a central location at values that have traditionally been below those north of the river. For a business that wants to own its building and still be minutes from the West End and the City, that is a strong argument.
The building stock is mixed. Large modern offices stand around the station and along York Road and the South Bank. In the streets behind, there are Victorian warehouses, former industrial buildings and smaller office blocks. Commercial space for sale in Waterloo most often comes from this second group.
Buyers can expect:
- Converted warehouses and industrial buildings around The Cut, Webber Street and Blackfriars Road.
- Self-contained office buildings on Waterloo Road, Lower Marsh and Westminster Bridge Road.
- Office floors on long leases within mixed-use developments.
- Railway arches, usually available on leases from the arch owner and only rarely for sale.
Ownership is spread across many private owners and companies, so freeholds are available. Estimate the space you need with our office space calculator.
What Buyers Should Check When Buying Commercial Property in Waterloo
Buying commercial property in Waterloo involves an area that continues to be redeveloped, which brings both opportunity and things to check.
- Local authority. Waterloo is mainly in the London Borough of Lambeth, with the eastern side in the London Borough of Southwark. Policies and business rates differ.
- Nearby development. Large schemes around the station may affect light, views and construction noise. Review planning applications near any building you consider.
- Railway proximity. Buildings close to the viaducts can be affected by noise and vibration, and works near the railway may need the rail operator’s agreement.
- Conservation areas. Parts of Waterloo, including Lower Marsh and Roupell Street, are in conservation areas.
- Energy rating and tax. Check the EPC if you will let space. Stamp Duty Land Tax applies and VAT may be charged.
Waterloo suits businesses with staff commuting from the south and south-west, and those that want value and good links to both the West End and the City.
Buyer-Side Support From a Commercial Property Agency in Waterloo
Morgan Pryce acts for buyers only and searches the whole market on your behalf.
- Whole-market search. We track each commercial building for sale in Waterloo and approach owners of unmarketed buildings.
- RICS-qualified appraisal. We assess value, condition and running costs, and report on nearby development.
- Comparison with other areas. We can set Waterloo against options north of the river so you can judge the saving.
- Negotiation and completion. We negotiate the purchase and manage the process with your advisers.
See our commercial property purchase and advisory services page.
Looking for a Commercial Building for Sale in Waterloo?
Send us your brief and we will report on what is available across Waterloo and the South Bank.
Call Morgan Pryce on 020 3987 6200 or book a free consultation. Our London commercial property page covers the wider market.
FAQ
Waterloo offers converted warehouses and former industrial buildings, self-contained office buildings, and office floors sold on long leases. Large modern offices around the station are normally bought by institutional investors.
Values in Waterloo have traditionally been lower than in the West End, even though the area is only a short journey away. Prices vary by building, so ask for advice based on recent comparable sales.
Waterloo station has National Rail services and four Underground lines: the Bakerloo, Jubilee, Northern and Waterloo & City. The Waterloo & City line runs directly to Bank, and the Jubilee line links to Westminster, London Bridge and Canary Wharf.
Waterloo is mainly in the London Borough of Lambeth. The eastern side, towards Blackfriars Road and Southwark station, is in the London Borough of Southwark. Confirm the local authority for any building you are considering.
Morgan Pryce acts only for buyers. We search marketed and off-market buildings, provide RICS-qualified advice on value and condition, negotiate the price and terms, and manage the purchase to completion.
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