Guide type: Property Investor
14th January 2016
Photo Credit: Kinleigh Folkard & Hayward
Already boasting a thriving town centre, including Surrey Quays Shopping Centre with more than 40 high-street favourite retail stores, an Odeon cinema, bowling alley, sports complex, plus a fantastic variety of restaurants and maritime pubs, this Rotherhithe district is attracting occupiers from across the capital looking for a unique residential experience with exceptional amenities.
The leisure park is Southwark’s premier dining and entertainment venue, less than 10 minutes’ walk from Canada Water station and only three minutes’ from Surrey Quays Overground station (both within Zone 2). One stop away from Canada Water via the Jubilee line, residents will have unending opportunities to indulge in designer shopping and fine dining experiences at Canary Wharf.
The name ‘Surrey Quays’ was born nearly 30 years ago during the area’s first wave of regeneration when the shopping centre opened, distinguishing it from its past title, ‘Surrey Commercial Docks’. Since then it has attracted a number of new residents, particularly London’s young professionals looking for a home close to the office.
Now set for its second phase of regeneration, Surrey Quays’ reputation is set to skyrocket even further in the coming years, as a £2 billion project – dubbed the ‘Canada Water Master Plan’ – will introduce a number of new town centre facilities over the next decade.
The 46-acre site, composed of the former Harmsworth Quays printworks and the recently-acquired Surrey Quays Shopping Centre, will be transformed into a distinctive mixed-used, community-centred leisure hub, comprising more than 5.5 million sq. ft. of office, retail, entertainment and educational space.
This is fantastic timing, as Canary Wharf’s Crossrail introduction in 2018 will further advance the area’s connectivity and landmark status. Those looking for a home in the surrounding areas of the City and Canary Wharf will look to Surrey Quays for its semi-urban environment, away from the hustle and bustle of the nearby business districts.
Galliard Homes prides itself on recognising the potential of London’s best up-and-coming areas, and having started out developing in the Docklands nearly 25 years ago, Galliard has seen the area flourish with new areas emerging as popular Thameside hotspots.
In 1993, investors flocked to Papermill Wharf in Limehouse, E14 – a former riverside warehouse converted into stylish apartments situated just moments from Canary Wharf – to snap up their share of the revitalised Docklands. Their investment increased tenfold, as buyers who spent £50,000 have seen their properties now being valued at £500,000.
No doubt as the implementation of Crossrail looms closer and the Surrey Quays regeneration scheme draws to a close, those who will have made their prior investments within the area should expect to see huge increases in the market value of their property, making this an investment hotspot to watch in the coming years.
Situated on Plough Way, just one minute away from the River Thames Path Walk and less than a 10 minute walk from Surrey Quays station, sits Galliard’s brand new premier development – Marine Wharf East. Set to include an impressive selection of one, two and three bedroom apartments, including 16 fully-accessible properties, residents will enjoy the best of luxury living with outstanding specifications, and views of Canary Wharf and the development’s beautifully-composed landscaped grounds.
Residents will enjoy the sleek, high-tech appearance and functionality of Smeg integrated appliances, access to a private balcony, terrace or roof terrace, video entryphone security and communal cycle storage. Residents will also have the option to purchase secure lower-ground parking.