The Blackfriars area sits on the north bank of the River Thames and is bordered by Fleet Street and Ludgate Hill to the North, Temple to the West and St Pauls Cathedral to the East.
The area has historically been recognised as a commercial district, infamous for legal, publishing and banking industries. Whilst many of the publishing and banking firms have relocated to Canary Wharf property, many have remained including the global powerhouse’s Goldman Sachs and Merrill Lynch whose UK headquarters are based here.
The legal profession are as entrenched in their chambers and Inns of Court as they are their history; The Old Bailey, Temple, the nearby Lincolns Inn and Gray’s Inn Fields are regarded as the nuclei of the British justice system.
This unique commercial demographic has created a unique cash rich pool of residential purchasers and tenants looking for a first or second home close to work. Blackfriars’ central location, abundance of landmarks and walking distance to The Strand and West End ensures demand is further enhanced by international purchasers, whose influence has been even greater since the devaluation of Stirling in 2009.