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Prime Rents (Per Square Foot)
Premium Guide (assuming a 100 cover restaurant)
Most Desirable Road
Our Restaurant Recommendation
Home to some of the tallest buildings in the UK, Canary Wharf is a vibrant business and financial district of London. Located in East London right along the banks of the Thames, the area is a metropolis of glass and steel skyscrapers and thrums with the beat of well-heeled city workers who commute to the area from across the south-east of England.
From its early beginnings as one of the busiest docks in the world, to a district in decline in the 1970s and 1980s followed by regeneration into a banking hub of the city, Canary Wharf has seen epic change. Now with 14 million square feet of retail and office space and the Crossrail arriving in 2018, Canary Wharf’s development and expansion is set to continue.
Restaurant Property has demonstrated excellent market knowledge, contacts and professionalism whilst working on our behalf.
I have known David and his team for a number of years, his reputation as a straight-talking, honest agent that delivers time after time is well earned.
Lockes Bar have a longstanding relationship with Restaurant Property who have acted on our behalf on multiple acquisition and sales over the years. The team have vast market knowledge and great connections and they work hard to deliver excellent results. We look forward to continuing our work with the Restaurant Property team.
The Restaurant Property team have worked closely with Brasserie Blanc over the years, helping us with our national expansion plan as well as sales. At every stage, they have ensured we have obtained the best deal possible and have provided a faultless service. Restaurant Property has access to some of the best off-market properties which makes them a front-runner in the leisure industry.
Restaurant Property are quite simply the No. 1 agents in London.
Restaurant Property represented me on the recent sale of my restaurant, Hibiscus in Mayfair. The service I received was impeccable and the results excellent. Restaurant Property possesses everything a vendor requires; discretion, honesty and reliability.
Aside from being one of London’s top business districts, Canary Wharf also has plenty in the way of leisure and hospitality. With thousands of corporate people working in and around the area daily, it’s not surprising that many business meetings take place in the fine restaurants and premium bars that run up and down the edged of The Thames.
One of these prime restaurants in the heart of the area is Plateau, serving French-style dishes in a modern setting. Or for a taste of South America, Guacho gives diners a taste of the best beef and wine Argentina has to offer. If a more relaxed lunch is in order, then one of the longest established restaurants on the Wharf, Amerigo Vespucci is ideal for authentic Italian Cuisine.
It’s worth noting that the historic Billingsgate Fish Market, the UK’s largest inland fish market is also local. Covering an area of 13 acres, the market sells an average of 25,000 tonnes of seafood each year. With 140-150 varieties of fish and shellfish available, local restaurants can source some of the finest catches from the market.
It’s not just eateries, bars and offices. Near the iconic One Canada Square in Canary Wharf Shopping Centre. A wide range of small boutiques and designer labels, over 120 stores across five malls can be found, transforming what could have been solely a place of business to a retail destination.
For those in search of physical activities, there is a surprising amount of options within Canary Wharf. Docklands Sailing and Watersports Centre on Millwall Outer Dock is a nearby venue for canoeing, sailing, windsurfing and more, all just a mile from the centre of Canary Wharf.
With many of the workers and locals in the area being avid health and fitness fans, it’s no surprise that there are a wealth of gyms, spas and fitness centres available. One notable venue is Third Space, Europe’s largest luxury health club right in the centre of Canada Square.
With all these amenities in and around Canary Wharf, it truly is a great place to work, rest and play.
Around 105,000 people employed at Canary Wharf and this number is expected to double over the next decade as further redevelopment and transport links improve.
According to the last census, a sizable portion (49%) of residents in the district lived in in private rented accommodation. The same census indicates that the population of the area has a high proportion of residents of working age, with 80.8% between the ages of 16-64.
Unsurprisingly considering the high-end rates or rent and housing prices in the district, a staggering 54.6% of residents held jobs at higher & lower managerial & professional levels. The area now contains more bankers than the Square Mile. With stats like these, it’s clear to see that Canary Wharf is home to a young, upwardly mobile population.
For people looking to invest in the area be it through a restaurant, gym or spa, knowing the demographics that both live and pass through the district is essential. Canary Wharf hosts many individuals with high salaries and a taste for the good life, and this is worth remembering when planning your next hospitality venture.
Use: Class E (Restaurant)
Rent: £134,000 per annum
Premium: Offers Invited
Total Size: 2,253 sq ft
Rateable value: £101,000
Rates payable : £49,591 per annum
Use: Class E (Restaurant)
Rent : £60,000
Total size: 3,754 sq ft
Use: Sui Generis
Rent: £93,000 per annum
Premium: Upon application
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