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62 Powis St

London, SE18 6LQ

Retail for Sale
£675,000
2,783 sq ft

24 Hour Access
Wheelchair Accessible

London Retail for Sale - South East London

Lot 220 is available by way of Savills Online auction 22nd April 2026 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.

Contact:

Savills

Property Subtype:

Shopfront

Date on Market:

13/04/2026

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68-86 Powis St

London, SE18 6LQ

Retail for Sale
£5,000,000
23,310 sq ft

Energy Performance: D
Air Conditioning
Security System

London Retail for Sale - South East London

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.