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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 One bedroom flats to the upper parts, the property is fully let to separate tenants producing a combined £78,500 per annum.
The ground floor is let to PF Pharma Limited t/a Pyramid Pharmacy on a 15 Year Lease Expiring 23.05.2032 paying £53,000 per annum.
The upper parts comprise 2 x One bedroom flats accessed from the rear of the property let on separate ASTs to private individuals producing £13,200 and £12,300 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. 1,292 sq ft (120 sq m)
Flat 1 - Approx. 505 sq ft (46.9 sq m)
Flat 2 - Approx. 505 sq ft (46.9 sq m)
Total GIA - Approx. 2,302 sq ft (213.86 sq m)
Tenancy
Please see the tenancy schedule for more information.
Rent