Shopping Centres for sale in Penge, London

Shopping Centres in Penge available for sale

Shopping Centres for Sale Within 10 miles of the Penge, London

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.