Covent Garden - an investors’ paradise
Covent Garden is booming. Retail rents for shops and commercial space has hit an all time high, as upmarket brands clamour for space. The recent overhaul of Henrietta Street has seen new retailers drawn to the area pushing up rental prices with the arrival of Italian cosmetics brand Kiko, British menswear designer Nigel Cabourn and Japenese denim store The Real McCoy’s. As a result the residential property market is also thriving, according to leading estate agent CBRE. With rental figures increasing year on year through a combination of high quality stock and increasing demand – up 3% from 2013 to 2014, and capital growth figures surging 140% since 2009 to 2013.
Investors looking to capitalise now on this growth should consider Dukelease’s Hop House development, a collection of 29 luxury apartments, in the heart of Covent Garden moments from the world famous Piazza. Richard Leslie, CEO, Dukelease comments: “Covent Garden is experiencing huge growth at the moment and more than ever offers international appeal. Hop House is the latest addition to our portfolio of prime central London properties and offers a great return on investment for both rental and capital growth purposes. The majority of apartments have been sold off plan to a mix of investors and homebuyers seeking an ideal central London base.”
Tucked away in a quiet corner, Hop House is a collection of luxury apartments and duplexes spread over six floors, with a penthouse occupying the entire fourth and fifth floor. This former 1980s office building has been completely transformed into a stunning range of one, two and three-bedroom luxury apartments.
Conveniently located for some of London’s finest shops, restaurants, bars and theatres, Hop House is situated between the Piazza and St. Martins’ Lane and close to Covent Garden Opera House. The surrounding area, like the development’s location, retains a village-like charm, yet is still very much in the thick of things. The building, which is situated within Covent Garden Conservation Area, has been extensively converted and skilfully combined, with a re-modelled exterior and high specification interiors.
Hop House has been named to reflect the hops that were once cultivated here. The entire development has been designed around a spa theme, from the grand entrance and lobby, to the beautifully appointed apartment interiors, offering relaxed, contemporary living amid some of London’s most historic and popular streets.
Internally apartments range in size from 398 sq ft to 2150 sq ft and have been crafted and finished to an extremely high standard, with high specification thoroughout. Featuring underfloor heating, air cooling, lighting control system, LED lighting and centralised auto visual hub. The Italian designed bespoke kitchens feature high gloss lacquer finish cabinetry with bronze metal trims, marble worktops and come complete with top of the range built-in appliances.
The luxurious bathrooms offer the finest in modern design, featuring baths with waterfall taps and mirrored panels, bespoke vanity cabinets, Hansgrohe sanitary ware, and finished with porcelain floor and wall tiles, chrome electric towel rails and opaque glass screens. In addition to the high internal specification, the development also features a daily porter, lifts, bike storage and recycling bins in the basement.
Offering the very best in central London living, Hop House is located in the heart of Covent Garden WC2, a destination for food lovers and fashionistas alike, and just moments away from Leicester Square Underground station. Soho, Piccadilly and Mayfair are a short walk away, while the rest of London is easily accessible via taxis or on the London Underground.
Only a few apartments remain for sale, starting from £1.675m. For further information email: residential[at]cbre.com.
