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114-130 Powis St
3,715 SF Retail Unit Offered at £750,000 in London SE18 6NL
Investment Highlights
- Good road connections
- High footfall area
- Amenities nearby
Executive Summary
Woolwich has undergone some major regeneration in the last few years including the addition of the Crossrail station together with around 9000 homes. Woolwich is an important centre within the Royal Borough of Greenwich and home to many historical buildings and visitor attractions. The subject property is located on Hare Street, close to its junction with Powis Street, within the centre of the town. Neighbours include TK Maxx, 120-bed Travelodge hotel, Boots, Primark and Sports Direct. The location enjoys superb public transport connections with DLR, mainline and the future Crossrail stations all within a short walk. Clipper services are available from Woolwich Pier and car parks are also located nearby.
Property Facts
| Price | £750,000 | Sale Type | Investment |
| Unit Size | 3,715 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 2 |
| Total Building Size | 31,880 SF | Typical Floor Size | 16,000 SF |
| Property Type | Retail (Unit) | Year Built | 2012 |
| Property Subtype | Storefront | Lot Size | 0.43 AC |
| Price | £750,000 |
| Unit Size | 3,715 SF |
| No. Units | 1 |
| Total Building Size | 31,880 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 16,000 SF |
| Year Built | 2012 |
| Lot Size | 0.43 AC |
1 Unit Available
Unit 13
| Unit Size | 3,715 SF | Sale Type | Investment |
| Price | £750,000 | Tenure | Long Leasehold |
| Price Per SF | £201.88 | Net Initial Yield | 8.00% |
| Unit Use | Retail | NOI | £60,000 |
| Unit Size | 3,715 SF |
| Price | £750,000 |
| Price Per SF | £201.88 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.00% |
| NOI | £60,000 |
Description
The unit comprises a rectangular, open plan retail unit, with
W.C facilities to the rear, along with fire escape. There is a
service road to the rear, with 1 demised parking space.
The current tenant trades as “The Better Beds Store” have
been in occupation for a number of years, and has recently
signed a new 10 year lease.
Sale Notes
Available by way of virtual freehold, being reminder of 999
leasehold interest, with no ground rent, subject to lease in
place.
Let to Exclusive Furniture Limited on a 10 year lease, on FR&I
terms, from April 2023, with rent review and tenant only
break clause at the 5th anniversary, 6 month notice in writing
required to exercise the break clause.
Passing rent being £60,000pax
Amenities
- Bus Route
- Signage
Nearby Major Retailers
Presented by
114-130 Powis St
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