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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.
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
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