Plans by Aviva Capital Partners (ACP), with developers Socius, could create the leading cancer research district in the world in South London. The £1bn investment would provide a huge selection of new buildings, facilities, and infrastructure. Let’s have a closer look at the proposals and the response to them. Then, if you want to invest and arrange guaranteed rent in Sutton, you can trust us.

Proposals

The plans for the area are exceptional. Sutton is already the home of the London Cancer Hub. It brings together a number of partners to do work in research, treatment, and education. This new investment will allow an expansion of the hub and invite more businesses to set up in the area. As a result, it will drive innovation and speed up the fight against cancer.

Impressively, the plans look to attract a diverse range of businesses. The new buildings will range in size, from large facilities for life sciences to smaller labs. There will also be other workspaces too, including high spec offices and areas for collaboration. In fact, the latter is a major focus in the whole development, trying to bring people together to share and explore ideas.

The plans aren’t just for new workspaces either. The goal is to make the area a thriving district where people live, learn, and relax. Part of the proposals is to build 220 affordable homes for key workers. In addition, there would be restaurants, cafes, and other amenities. Plus, there will be a learning hub to attract more talent to the science and tech fields.

The benefits

There has been a lot of praise for the proposals because they have the power to put this part of London on the map. It could have a massive impact on jobs, education, and the economy. It’ll likely attract more investors too. If you decide to put your money into properties here, you can rely on us to provide guaranteed rent in Sutton.

The most notable estimate is the £1bn development will support 3,000 new jobs. Overall, it would make the London Cancer Hub a powerhouse with over 13,000 people working here. Crucially, many of these jobs will be in high skilled sectors like R&D, life sciences, and pharmaceuticals.

In an economic sense, the estimate is the district will bring £1.2bn GVA per year. This is noteworthy because it is the calculation of how much money goods and services will bring in minus the costs. Therefore, it could be a real boost to the UK economy.

What next?

The plans for the development are now with Sutton Council. They will have to consider and deliberate on them. Then, they’ll have to decide whether to give permission or ask for changes. The expectation is we’ll get a decision sometime this year.

Whatever decision is made, there is a lot of backing for the plans. Notably, the Institute of Cancer Research welcomed them and said they were pleased to be part of the partnership. Council Leader Barry Lewis is also positive about the plans too, saying they were “a significant step forward in this exciting development”.

Talk to us about guaranteed rent in Sutton

Sutton is already a really attractive part of London for different investors because it has a lot to offer. It is a popular place thanks to the amenities, a vibrant shopping area, and good transport links. In fact, it was recently voted one of the top places to live in the city. The new development at the cancer research hub, if it gets approval, will only enhance the popularity.

If you decide to buy investment properties in the area, you could be looking at a very healthy yield. However, make sure you consider the potential pitfalls, including voids and issues finding tenants. If you want more security and stable income, we have the ideal service. With guaranteed rent in Sutton, you don’t need to worry about the financial side. You will get a payment every month like clockwork.

So, talk to us if you want to learn more about guaranteed rent and the benefits it offers.