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62 Powis St 2,783 sq ft Retail Property London SE18 6LQ £675,000 (£242.54/sq ft)
Investment Highlights
- Prime Retail Investment Opportunity.
- 15 year Lease Expiring 06.01.2037.
- Prime Pedestrianised Pitch.
- Let to Vesta Restaurants Limited t/a Taco Bell.
- Approx. 2,783 sq ft (258.5 sq m).
- Investment let at £67,500 p.a. (10% GIY on Guide Price).
Executive Summary
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.
Property Facts
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Fashionesta
- -
- 2,876 sq ft
- -
- -
-
- Accommodation and Food Services
- 2,500 sq ft
- -
- -
Taco Bell was born and raised in California and has been around since 1962. They went from selling everyone’s favorite Crunchy Tacos on the West Coast to a global brand. They're not only the largest Mexican-inspired quick service brand (QSR) in the world, they’re also part of the biggest restaurant group in the world: Yum! Brands. Much of their fan love and authentic connection with their communities are rooted in being rebels with a cause. From ensuring they use high quality, sustainable ingredients to elevating restaurant technology in ways that hasn’t been done before, they will continue to be inclusive, bold, challenge the status quo and push industry boundaries. They’re a company that celebrates and advocates for different, has bold self-expression, strives for a better future, and brings the fun while they’re at it. They fuel their culture with real people who bring unique experiences. They inspire and enable their teams and the world to Live Más.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Fashionesta | - | 2,876 sq ft | - | - | ||
|
|
Accommodation and Food Services | 2,500 sq ft | - | - |
Nearby Major Retailers
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62 Powis St
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