Friday 23 November 2012

Rent in Covent Garden, Live Like Royalty

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.

The Central London Estate Agent firm recently put on the market a one bedroom flat at 4 Covent Garden. This was one of several addresses in Dickens' time that influenced him to describe Covent as one of the city's largest slums. How delighted he would be to see the area's elegance today.

Covent Garden is one of London's most desirable locations today. Evidence being that Central London Estate Agent was able to acquire some GBP 645,000 for the flat at 4 Covent Garden which has a balcony, underground car park space and use of the block's porter system.

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.

Covent Garden Estates is situated on the eastern end of the Westend between St. Martin's Lane and Drury Lane. The antiquated fruit and vegetable market now hosts one of London's most frequented shopping centres and tourist attractions, like the Theatre Royal, Drury Lane, owned and operated since 2008 by the world renowned composer Andrew Lloyd Webber. Shop areas are divided between Neal's Yard and Seven Dials. The central square is where tourists come to see street performers. Performers entertain every day but Christmas and performances generally last half an hour. Residents and those who rent in Covent Garden have a mecca of shopping and entertainment delights at their door steps.

From 1924 to 1928 Covent Garden was the property of Beecham Estates and Pill Limited. It was taken over by the Covent Garden Properties Company, TLD which was owned by the Beechams and several other investors until the bulk of the remaining properties and market were sold in 1962 to the Covent Garden Authority for over GBP 3,900,000. By the end of the 1960s the market became unmanageable due to traffic congestion and it relocated nearby in the 1970s, leaving the buildings vacant. The market buildings were purchased by a development company in 2006 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).

The world's largest Apple Store opened in 2010 at The Piazza surrounded by shops and stalls.




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