Property Details
BACK Disposal

55-63 Powis Street


location icon 55-63 POWIS STREET, Woolwich, SE18 6HZ

Summary

  • LOCATION
    WOOLWICH
  • SECTOR
    LONG INCOME / DEVELOPMENT
  • SIZE
    46,788 SQ FT
  • SITE AREA
    0.6 ACRES
  • TENURE
    FREEHOLD
  • TENANT
    MARKS & SPENCER PLC
  • TERM
    36 YEARS
  • PASSING RENT
    £275,000 PER ANNUM
  • PASSING RENT
    £5.90 PER SQ FT
  • PRICE
    £5.730 MILLION
  • NIY
    4.50%
  • CAPITAL VALUE
    £123 PER SQ FT
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More Information

  • LOCATION HIGHLIGHTS

    The property occupies a highly prominent position on the pedestrianised Powis Street, Woolwich’s prime high street retail offer.

  • DESCRIPTION HIGHLIGHTS

    The property occupies a substantial site of approximately 0.6 acres.

  • TENANCY HIGHLIGHTS

    The property is let to Marks & Spencer PLC on a lease expiring 21st June 2058 (36 years unexpired).

Maps

DISPOSAL

Contact Us

Dom Sidoli
Director

+44 (0) 7747 847 717

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. May 2024