Monday, December 17, 2012

Covent Garden: Rent in Central London

By John Collins


7 February 2012 marked the 200th birthday of Charles Dickens, one of Britain's most well loved residents. Every year around February 7th we are reminded of the dynamic impact Dickens made on London through his timeless novels such as A Christmas Carol and A Tale of Two Cities. Conversely London generated a big impact on him as displayed in Oliver Twist and Great Expectations. As you travel around the city and check out unlikely nooks and crannies you will still see clues in places within our city where the writer received inspiration. Demurely hung on a wall in a small pub in Leather Lane Market is a letter Charles Dickens penned to the pub landlord of the time.

A one bedroom flat at 4 Covent Garden was recently listed on the market by a Central London estate agent. It was this building and few others in Covent Garden that Dickens gave credit to as inspiration for his description of the area as one of London's largest slums. He would marvel at today's luxurious beauty in the area.

Covent Garden today is one of London's most desirable locations as is evidenced by the Central London estate agent fetching some GBP 645,000 for the mentioned property. The flat has a balcony, use of the block's porter system and underground car park space.

If living in the area is your desire but buying is not in the picture, consider a Central London Estate Agent property for rent in Covent Garden. With the area's modern renovations and historical preservations even Mr. Dickens would hunger to rent in Covent Garden.

The property that housed a fruit and vegetable market for several hundred years is now one of London's most patronized shopping centres and tourist attractions, like the Theatre Royal, Drury Lane, owned and operated by world famous composer Andrew Lloyd Webber since 2008. Covent Garden Estates is situated between Drury Lane and St. Martin's Lane at the eastern end of the Westend. The shopping markets are divided into sections with the central square attracting tourists wanting to watch street performers. Performers entertain every day except Christmas for about 30 minutes at a time. Residents and those who rent in Covent Garden have the envy of living in an area vibrant with history, entertainment and shopping convenience.

Beecham Estates and Pill Limited owned the Covent Garden property from 1924 to 1928. Ownership was transferred to the Covent Garden Properties Company, LTD with the owners being the Beechams and several other investors. In 1962 the market and the bulk of the remaining properties were sold to the Covent Garden Authority for more than GBP 3,900,000. During the 1960s increased traffic congestion around the market made business undesirable. The market relocated nearby in the 1970s which left the old buildings vacant. These buildings were purchased in 2006 by a development company for GBP 421,000,000.

With a current market value of GBP 650,000,000, the developers' entire Covent Garden Estates covers 550,000 square feet (51,000m squared).

In 2010 the world's largest Apple Store opened in The Piazza amidst other shops and stalls.




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