The popular area of Surrey Quays continues to grow after an injection of investment by a British house builder.
The residential area of Rotherhithe, formerly home to the Surrey Commercial Docks, will see some 670 units built on the site at Cannon Wharf by Barratt Developments, of which 562 will be private. There will also be 70,913 square foot of commercial and retail floor space built on the site which currently features an existing business centre, a number of open sided warehouse units and a large car parking area.
Combined with a further site in Southwark, the gross development value is in the region of £400 million. According to Hastings International, experienced sales and lettings experts covering the South Bank, SE1 and City areas of London, this could be money well spent.
At Hastings we believe that Surrey Quays is an emerging place to live with extensive transport links including rail services from Deptford, Elverson Road, South Bermondsey and St John’s, and tube stops at Bermondsey, Canada Water, Elephant and Castle, Rotherhithe and Surrey Quays. Surrey Quays was christened in the late 1980s when the Surrey Quays Shopping Centre was built on the southern edge of Canada Water. The shopping centre has a number of high street stores, a supermarket and a large selection of bars and restaurants. With more developments planned, the area can certainly cater for more homes being built and the sharp rise in population.
Further afield, other attractions include the picturesque Southwark Park, the Brunel Museum, the Surrey Docks Watersports Centre and Surrey Docks Farm. Due to such an array of amenities and attractions close by, Surrey Quays is fast-becoming a desirable location to live.
It’s close enough to the city, yet far enough out to avoid all the hustle and bustle, this brilliant location is proving really popular for home buyers and tenants looking to rent. This increase of local housing stock is great news for the area.