Westminster City Council has approved plans for a new ‘creative hub’ to be developed only a stone’s throw from London’s Victoria Station.
The buildings have been redesigned by architects BuckleyGrayYoeman for property developer Grosvenor. The scheme involves transforming four existing but underused buildings at Eccleston Place into a thriving retail and creative space.
Plans include a space for creative businesses and entrepreneurs to work, cafes and restaurants, retail space for makers and designers, a fitness studio and a landscaped courtyard. The courtyard will connect to nearby Ebury Street via a pedestrian route, which in turn will link to Elizabeth Street and the retailers there.
This development is the latest in a series of developments which have recently been given the green light in the area.
The new creative hub will help to transform the area near Victoria Station and its bus station, revitalising it and turning it into a place where people want to eat, socialise, work and create.
The development is due to be completed in 2018, so both current and future residents won’t have to wait long before they can benefit from such an investment in the area.
Creative businesses and independent retailers have long struggled to secure space in Belgravia due to increasingly high rents, but this new creative hub will help give those who might otherwise be priced out of the area a secure foothold.
Belgravia is generally considered to be one of London’s most exclusive enclaves. It is predominantly residential, but its ever-growing list of independent retailers, boutiques, cafes, wine bars and restaurants only serve to enhance its appeal as one of London’s premier postcodes.
Living in Belgravia is still the stuff of dreams for many buyers and renters. With the drop in the value of the pound since the EU referendum, Belgravia and the surrounding area is now even more appealing to overseas investors looking for a slice of prime London property.
Whether you are an overseas investor looking for good returns on a property or are keen to let, rent or buy in Belgravia, Mayfair, Knightsbridge or Chelsea, the team at Best Gapp can provide all the advice and expertise you could need.
For help with finding your own property in a prime location in Belgravia or the nearby areas, contact Best Gapp today.