Why invest in a commercial property in Southwark?

Saturday, 3 November 2012 2:06 PM

Whether your business is well-established or just starting out, when searching for new commercial office space, London is bound to appeal. It is important to carefully consider which part of the capital you choose - read on to discover the advantages of selecting Southwark.

All about Southwark

Its excellent transport links, sophisticated offices and reputation as an international centre for business make London a hugely attractive player in the commercial property market; office space in Southwark echoes these qualities - but what do you need to know about the area before considering buying here?

Situated south of the River Thames, Southwark is nestled between Waterloo and London Bridge. This fantastic location combines fast, efficient transport links to key areas of the city, as well as having a national rail network just a stone's throw away.

This London borough is one of the oldest parts of the capital, with its north side facing out to the Thames - and including prominent landmarks such as the OXO Tower. As well as the Bankside area, Southwark includes Bermondsey, Rotherhithe, Borough, Camberwell and more.

Location and transport links

One of the key reasons to invest in an office in Southwark is the proximity it gives you to prestigious business districts. Southwark is connected to the West End and the prominent financial hub of Canary Wharf via the Jubilee line. Indeed, from Southwark you can reach Canary Wharf in just eight minutes.

Meanwhile, the national rail station Waterloo is just one stop away on the same line, allowing you to access services across the country in a matter of minutes.

This fantastic position is not only useful for you and your employees, but also for your clients, as Southwark's strong transport connections make it simple to reach. What's more, being home to the popular Bankside area and its associated landmarks makes this a prestigious place to be based in.

Regeneration

Another reason to select Southwark for your new office is that the area has recently received a substantial injection of funds, designed to help regenerate the borough. At the close of September 2012, the local council revealed an £800 million grant to fund a ten-year improvement programme.

What exactly the funds will be used for is still under discussion, however proposals include investing in new shop fronts and further developing the area's CCTV network. It is hoped this financial boost will help breathe new life into the local economy - and businesses moving into the area could certainly find it a benefit.

The prestige of the capital

London is a location businesses all over the world choose to have offices in, and buy opting to invest in commercial property in Southwark, your firm has the potential to benefit from the prestige of the capital.

Indeed, often simply having London listed as your address on your business cards and website can give the impression of a well-established, trustworthy organisation - something that immediately lends city bases added value.

Of course, London listings - particularly those in the City and Canary Wharf - often command premium prices. Choose Southwark, however, and you can enjoy the air of prestige an address in the capital gives, while also benefitting from more cost-effective office space. This makes it a particularly good option for small business, as well as larger companies keen to keep a close eye on costs.

More Morgan Pryce Articles

Top tips for finding commercial property in London

If you are searching for commercial property in the capital, it is worth taking the time to consider exactly how you will find the right spot for your business. After all, demand for office space is high, which can make your task particularly tricky.

Why invest in a commercial property in Southwark?

Whether your business is well-established or just starting out, when searching for new commercial office space, London is bound to appeal. It is important to carefully consider which part of the capital you choose - read on to discover the advantages of selecting Southwark.

Covent Garden: an introduction for commercial property investors

Finding the perfect place to purchase or rent a new office for your company can be difficult. Thanks to its reputation as an international business hub, London is an ever-popular choice - but what does office space in Covent Garden in particular have to offer?

Tips for relocating your office to London Bridge

If you are organising an office relocation, London Bridge can be an excellent location to choose. However, before you can begin packing up your current workspace, there are numerous decisions and preparations to be made. Find out more with our guide.

More Articles ...

Twitter

Join the conversation at #aboutproperty