66 Powis St 2,920 sq ft Retail Property London SE18 6LQ £785,000 (£268.84/sq ft)

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.