With an economic history firmly based around the fishing industry Barking has played an important role in the suburban growth of London. Based 9 miles to the east of central London, the borough is a large retail and commercial district and is earmarked for significant regeneration. Many of its former industrial areas being redeveloped as Barking Riverside.
Prices in the borough are competitive and according to the Land Registry it is still the cheapest borough in London. As such the area remains extremely popular with first time buyers thanks to its relatively low cost housing, its abundance of flats and its short commute to Fenchurch Street.
Those seeking commercial property to buy or rent in Barking should be encouraged by the volume of development work taking place in the borough. Barking Riverside is one such project focusing on the creation of mixed-use developments on brownfield land to the south of Barking town centre.
The 15 year programme will deliver thousands of new homes near the River Thames and will include an extension of the rail line. Commercial opportunities include bars and restaurant units, shops to available for rent and retail units to let in Barking. Those looking for offices to rent in Barking and warehouses to let should engage the services of a specialist commercial property agent.
Additional developments include Academy Central and Weavers Quarter which will also present opportunities for commercial property investment in Barking.