There could be exciting times ahead for Westminster. Plans are in place to create a new luxury care home in the area. The application is due for review and could get approval this week. If they get the green light it could see a big change for the local area. We want to have a closer look at the plans, then if you need guaranteed rent in Westminster you can rely on us.

A replacement

Currently there are two plans for 52 Horseferry Road. The proposals are from Squire & Partners for Medici Lifecare. Both of them would involve the demolition of the current building, Dean Bradley House. It would be replaced with a new ten storey building with a three storey extension.

The first plan is to create a 126 unit care home. It would feature a number of impressive facilities, including a hydrotherapy pool, restaurant, lounges, a library, and therapy rooms.

The second plan is a little different and would create a clinical facility rather than a home. It would offer 6,900 square metres of clinical space and 2,800 square feet for post-operative care. It would also still provide a hydrotherapy pool. Plus there would be 360 square metres of space for retail.

What is interesting here is how central the spot is. This makes it a popular location for investors and homes have great potential for guaranteed rent in Westminster. Horseferry Road is in a busy area that is home to government offices, business HQs, and more. It is most famous for being home to the Magistrates Court.

Development is likely

This is not the first time there have been proposals for the site. Permission was given for a project in 2017 that would have created a block with residential, office, and retail space. However, there was no progress after gaining approval.

The new plans re-jig these original proposals. They are likely to get permission, even though the street is in the Smith Square Conservation Area.

Interestingly, the loss of Dean Bradley House is not expected to harm the character of the area. In fact, there are arguments that the 1930s building is not in-keeping with its neighbours. It does not have a listing, unlike other buildings in the area. Plus, it has a grey-brown brick facade instead of red brick.

There is a belief that a new building would be more beneficial for the area. It would be sustainable and have a small carbon footprint. More importantly, it would provide massive benefits to the public with new care facilities.

Do you want guaranteed rent in Westminster?

Investing in the right properties provides great potential for healthy returns. However, that doesn’t mean there aren’t risks. There is always a chance you can struggle for tenants or suffer from voids. It could cause you big problems.

Luckily, we can provide wonderful services so this should never trouble you. We specialise in guaranteed rent in Westminster, catering for various kinds of properties. Once you get started, you get a rent payment every single month whether you have tenants or not. This is the easiest way to protect your income.

So, if you want to learn more, please contact us.