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    Key features

    • To be offered on Wednesday 22 April
    • Prime Mixed-Use Investment Opportunity
    • Ground Floor Unit Let to Popeyes on a 15 Year Lease Expiring 16.04.2038
    • Upper Parts Comprise 2 x Three Bedroom Flats
    • Both Flats Let on Separate ASTs
    • Approx. 4,104 sq ft (381 sq m)
    • Prime Pedestrianised Pitch
    • Investment Let at £127,500 p.a. (9.1% GIY on Guide Price)

    Description

    The property comprises a prime high street mixed use investment opportunity occupying a high footfall pedestrianised pitch.

    Arranged as a ground floor retail unit with 2 x three bedroom flats to the upper parts, the property is fully let to separate tenants producing a combined £127,500 per annum.

    The ground floor is let to PLK investment 1 Limited t/a Popeyes on a 15 year lease expiring 16.04.2028 and paying £88,500 per annum.

    The upper parts comprise 2 x three bedroom flats and are let on separate ASTs to private individuals producing £19,800 and £19,200 respectively. Please see the tenancy schedule for more information.

    The property occupies a prime pitch fronting Powis Street, the principal retail street in Woolwich. The street is characterised by a mix of national retailers including, Iceland, McDonalds, Nandos, Specsavers & Greggs.

    The surrounding area is set to benefit from significant residential development, further improving footfall, with currently 2,258 units either proposed or approved across four local developments.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor retail unit - Approx. 2,382 sq ft (221.3 sq m)

    First floor flat - Approx. 861 sq ft (80 sq m)

    Second floor flat - Approx. 861 sq ft (80 sq m)


    Total GIA - Approx. 4,104 sq ft (381 sq m)

    Tenancy

    Please see the tenancy schedule for more information.

    Rent

    £127,500 per annum

    Notes

    NOTICE – RENTERS' RIGHTS ACT 2025. Please take note if you wish to bid on a property with a tenancy. This Act is in force from 1 May 2026. From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May 2026 will be subject to the new rules. If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply. This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: www.gov.uk/government/publications/guide-to-the-renters-rights-act

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      Accommodation / Tenancy Schedule

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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