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114-130 Powis St
3,715 SF Retail Condo Unit Offered at $1,351,848 CAD in London SE18 6NL
Investment Highlights
- Good road connections
- High footfall area
- Amenities nearby
Executive Summary
Woolwich has undergone some major regeneration in the last few years including the addition of the Crossrail station together with around 9000 homes. Woolwich is an important centre within the Royal Borough of Greenwich and home to many historical buildings and visitor attractions. The subject property is located on Hare Street, close to its junction with Powis Street, within the centre of the town. Neighbours include TK Maxx, 120-bed Travelodge hotel, Boots, Primark and Sports Direct. The location enjoys superb public transport connections with DLR, mainline and the future Crossrail stations all within a short walk. Clipper services are available from Woolwich Pier and car parks are also located nearby.
Property Facts
| Price | $1,351,848 CAD | Sale Type | Investment |
| Unit Size | 3,715 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 31,880 SF | Typical Floor Size | 16,000 SF |
| Property Type | Retail (Condo) | Year Built | 2012 |
| Property Subtype | Storefront | Lot Size | 0.43 AC |
| Price | $1,351,848 CAD |
| Unit Size | 3,715 SF |
| No. Units | 1 |
| Total Building Size | 31,880 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 16,000 SF |
| Year Built | 2012 |
| Lot Size | 0.43 AC |
1 Unit Available
Unit 13
| Unit Size | 3,715 SF | Sale Type | Investment |
| Price | $1,351,848 CAD | Tenure | Long Leasehold |
| Price Per SF | $363.89 CAD | Cap Rate | 8.00% |
| Condo Use | Retail | NOI | $108,147.85 CAD |
| Unit Size | 3,715 SF |
| Price | $1,351,848 CAD |
| Price Per SF | $363.89 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.00% |
| NOI | $108,147.85 CAD |
Description
The unit comprises a rectangular, open plan retail unit, with
W.C facilities to the rear, along with fire escape. There is a
service road to the rear, with 1 demised parking space.
The current tenant trades as “The Better Beds Store” have
been in occupation for a number of years, and has recently
signed a new 10 year lease.
Sale Notes
Available by way of virtual freehold, being reminder of 999
leasehold interest, with no ground rent, subject to lease in
place.
Let to Exclusive Furniture Limited on a 10 year lease, on FR&I
terms, from April 2023, with rent review and tenant only
break clause at the 5th anniversary, 6 month notice in writing
required to exercise the break clause.
Passing rent being £60,000pax
Amenities
- Bus Line
- Signage
Nearby Major Retailers
Presented by
114-130 Powis St
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