Investment for sale - 47-49 Powis Street, London

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 three bedroom flats to the upper parts, the property is fully let to separate tenants producing a combined £127,500 per annum. The ground floor is let to PLK investment 1 Limited t/a Popeyes on a 15 year lease expiring 16.04.2028 and paying £88,500 per annum. The upper parts comprise 2 x three bedroom flats and are let on separate ASTs to private individuals producing £19,800 and £19,200 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.