Being close to different amenities can add a premium to property prices. It can make them even more attractive to buyers, including investors. If you are looking for investment properties in Hillingdon, there are some fantastic locations. Some of them are close to the iconic Beck Theatre in Hayes.
A community asset
The Beck dates back to 1977 and was even in the running for the RIBA London award in 1978 because of its wonderful design. Today it is still one of the highlights of the area. As a community theatre it has a huge calendar of events, including pantomime, dance, opera, and films. It also attracts international names, particularly from the world of comedy.
Impressively, there has been huge support for the theatre over the years to keep it open. It was facing the threat of closure in 1984 because of funding problems. However, driven by local support, it was successfully taken over and continued to be a highlight of the community.
Recent struggles
Unfortunately, The Beck had issues again more recently. Back in September the current operator, Trafalgar Entertainment, said it was at risk of closure. They said owners Hillingdon Council had not found an agreement to extend their contract or given clarity about alternative operation of the theatre.
The Council was critical of Trafalgar in return. Ultimately, they said with regret they would cease operations at the Beck.
The situation led to protests against the potential closure of the theatre. Once again the community came out to “Back the Beck”. They wanted it to remain open so it could continue to enrich the area. Anyone looking in the area for investment properties in Hillingdon would share this sentiment.
Interestingly, negotiations between Hillingdon Council and Trafalgar Entertainment were taking place behind the scenes. However, the council was again critical of the demands. They said Trafalgar were demanding a rent-free contract and a subsidy. In addition, they were asking for break clauses in the agreement.
Disappointingly, both parties were unable to find a solution. Hillingdon Council wanted to ensure the long term stability of the theatre. However, they said Trafalgar’s demands would not align with this goal. In turn, Trafalgar said an alternative proposal from the local authority was not workable.
A positive conclusion
The silver lining here is the council said on 13th December that the Beck will remain open. There will be a change of management, with Parkwood Theatres taking over. They have agreed a 15 year deal with the option for 10 more years. As a result, it secures the future of the theatre.
Crucially, Hillingdon Council said Parkwood Theatres align with their goals for the Beck. This will ensure they retain the cultural identity, deliver a financially sustainable model, and enhance community engagement and participation.
Speak to us about investment properties in Hillingdon
Finefair Ltd is the most flexible team to work with if you invest in assets in London. We can manage any kind of residential properties, even massive estate and blocks. We also have experience with HMOs and B&Bs too. Clients can arrange guaranteed rent and much more with us.
So, if you look at investment properties in Hillingdon or any other area in London, see what we can do for you. It can be much more rewarding than being a private landlord.
