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The property comprises prime high street retail investment opportunity occupying a high footfall pedestrianised pitch.
Arranged across ground floor and two upper floors, the property is fully let to Vesta Restaurants Limited t/a Taco Bell on a 15 year lease expiring 06.01.2037 and paying £67,500 per annum.
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 - Approx. 1,699 sq ft (157.8 sq m)
First Floor - Approx. 640 sq ft (59.5 sq m)
Second Floor - Approx. 444 sq ft (41.2 sq m)
Total GIA - Approx. 2,783 sq ft (258.5 sq m)
Tenancy
The property is fully let to Vesta Restaurants Limited t/a Taco Bell on a 15 year lease expiring 06.01.2037 and paying £67,500 per annum.
The lease is on full repairing and insuring terms and includes a tenant break option in 2032, it is also subject to 5 yearly upward only rent reviews.
Rent