New infrastructure can be crucial for unlocking the regeneration of areas. This is especially true if it can provide more access to things like public transport. We want to have a look at a project that could do just that for Royal Victoria Docks. Then, if you need help with guaranteed rent in Newham, you can speak to us.
Elizabeth Line
London has some fantastic riverside locations. Old docks can be prime spots for redevelopment because they have old buildings offering the chance to create new housing and other amenities. We’ve seen this already in many parts of the city.
Work is ongoing already at Royal Victoria Docks as well as the nearby Silvertown Quays. There have been a number of crucial developments and regenerations. One of the most interesting is the Elizabeth Line. It now serves Custom House, with new platforms operating from 24th May 2022. Because of the Tube services, people can quickly travel to Canary Wharf, Central London, and all the way to Heathrow or Maidenhead.
A new bridge
There are plans to increase access to Custom House by creating a new bridge for walking and cycling. This could be great news for investors, including anyone thinking about guaranteed rent in Newham.
The original plan would have cost £28m, with funding secured by a loan from Homes England. However, Newham Council said they would like to make changes to the proposal. Their idea is to make the 312m bridge bigger, widening it to increase the capacity. The authority will contribute £13.2m to the project, bringing the total cost to £41m.
The Mayor of Newham, Rokhsana Fiaz, said the bridge is a “key piece of the infrastructure” for the area. It would serve to help achieve the vision for this part of the borough, as well as unlocking more regeneration.
What is interesting here is the design of the bridge. It will have S-shape curves as it snakes across the Royal Victoria Docks. As a result, it will be an impressive, majestic sight. People will be able to walk or cycle across it, providing much faster access to Custom House and all the other amenities near it.
A wonderful feature is the design will include seating in the bends of the bridge. As a result, it will encourage people to stop, sit, and enjoy the area.
Local Cabinet members were in support of the proposals and gave approval for the new costs of the bridge. Newham Council will pay their part of the fee within the next three years. So, it will be fantastic to see this new piece of infrastructure take shape and improve the area in the future.
Do you need help with guaranteed rent in Newham?
Getting a service that will guarantee you receive regular rent money is a really wise choice. It can ensure you don’t have cash flow problems or end up missing out on income. In addition, it can make it easier to find tenants and provide protection against harmful void periods.
If you want to learn more about this kind of service, you should ask the experts. As you can tell from our name, it is what we specialise in. So, you can contact us to discuss guaranteed rent in Newham or any other part of London. We’ll help you find the most reliable solutions.
