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68-86 Powis St 23,310 sq ft 32% Let Retail Property London SE18 6LQ £5,000,000 (£214.50/sq ft) 8.40% Net Initial Yield
Investment Highlights
- Prime freehold Woolwich parade
- Strong covenants incl. Savers & O2
- 35,450 sq ft retail + long-lease resi
Executive Summary
A substantial freehold mixed-use retail and residential investment situated on a 0.6-acre site in the prime section of Powis Street, Woolwich’s main shopping thoroughfare. The property comprises a well-configured retail parade with eight commercial units and long-leasehold residential accommodation above, totaling 35,450 sq ft of commercial space plus 16 residential flats held on a long lease. Let to a strong tenant mix including Deichmann, Savers and O2, who together contribute 54% of the total income, the investment provides a combined proposed income of £449,500 per annum (including vendor rental guarantees) with a WAULT of 3.7 years to expiry. The area continues to benefit from transformational regeneration, improved connectivity via the Elizabeth Line, and multiple large-scale development schemes nearby. With reversionary potential and scope for future residential redevelopment of upper parts (subject to planning), the asset offers an attractive opportunity in a rapidly evolving London submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
23,310 sq ft
Costar Property Class
C
Year Built
1950
Price
£5,000,000
Price per sq ft
£214.50
Yield
8.40%
NOI
£420,000
Occupancy Rate
32%
Tenancy
Multiple
Number of Floors
4
Floor To Floor Height
9 ft
Plot ratio
0.86
Total Plot Size
0.62 ac
Parking
6 Spaces (0.19 Spaces per 1,000 sq ft Leased)
Frontage
Amenities
- Bus Route
- Security System
- Signage
- EPC - D
- Roller Shutters
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises are available by way of a new full repairing and insuring lease for a term to be agreed. The accommodation can potentially be split to form two retail units.
| Space | Size | Space Use | Position | Available |
| 68-72 | 6,016 sq ft | Retail | In-Line | Now |
68-72
| Size |
| 6,016 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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68-72
| Size | 6,016 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
The premises are available by way of a new full repairing and insuring lease for a term to be agreed. The accommodation can potentially be split to form two retail units.
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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68-86 Powis St
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