Monday 9 December 2002 6.12pm
I was just wondering what is happening to our beloved patch of London.
We started our business around 3 years ago and moved to Bermondsey for 2 reasons
1. the location/transport links
2. price we got some nice old warehouse space for next to nothing did it up a bit and now have a nice (if somewhat messy) space
When we came here there wasn't that much going on, the honest cabbage was nice, the scotia was The Woolpack
and the elusive camel was the King of Denmark (i think). Bermondsey street was half empty, loads of old building lying empty.
Over the last 3 years the cabbage has wilted, The Woolpack
and king got makeovers - the latter seemed to be renovated for quite a while and reopened looking pretty much the same as when it closed. Scaffolding has covered most of the buildings in Bermondsey st at one time or another. the old buildings have been gutted, done up some quite well, some awfully, rents have not so much creeped up but shot out of the roof.
The area has been labelled up and coming, borough market has become very popular and the southbank is getting busier, but rather than up and coming are we more over and out.
lots of the spangly refurbs are empty and have been for months and months, owners and estate agents are sticking to their guns and trying to keep rents high but are they pricing us out. I spent 2 months looking for a flatshare in SE1 with a budget of £500-£600 a month, I scoured loot, supermarkets and newsagent windows and what could I get, well there were some lovely pokey little rooms in ex-council flats near the river (what river runs along the Old Kent rd then) in the end I gave up and found a fantastic loft conversion in Shoreditch 20 mins walk away, 2 mins from spitalfields, nears bars and restaurants that are open until the early hours ( sorry honest cabbage you put the final nail in the coffin for me when you turned us away at 10 on a Thursday night in your first week of reopening)
We are all screaming out for a nice funky local bar/diner the Bermonsey kitchen looked to be our saviour, now 3 or 4 weeks after opening I walk past at 5:30 on a Friday night and there is 7 people in there
So what is next? do the nice new flats and office remain empty or do prices drop and young vibrant creative business move in or do we just become the square mile's guest bedroom?
anyone like to predict the future?