47-49 Powis Street, London
£341.13 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,104 sq ft
381 sq m
- SECTOR
Mixed use property for sale
Key features
- 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
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.
Brochures
47-49 Powis Street, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woolwich Arsenal Station0.1 miles
- Woolwich Station0.2 miles
- Woolwich Dockyard Station0.6 miles
Notes
Disclaimer - Property reference 0AB442E1-AE88-4CF7-9A1C-F44698CED1D4. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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