VIEWING STRICTLY BY APPOINTMENT ONLY.
THE LOCATION
Fast-developing Woolwich is home to the Royal Arsenal, a former arms manufacturing complex dating back to the 17th century, whose buildings now house a growing number of trendy pubs, eateries, and food shops. A farmers’ market in Artillery Square sells produce, flowers, and baked goods. Green spaces include vast Woolwich Common, while the Woolwich Ferry and a foot tunnel link the area to the north bank of the Thames
Built in 1850 the Anglesea Arm is located in the centre of Woolwich, surrounded by trendy bars, restaurants and independent shops. With outstanding transport links, the Woolwich Arsenal DLR is only 0.2 miles away (4 Min Walk), City Airport 9 mins by the DLR
THE MARKET
Properties in Woolwich had an overall average price of £433,374 over the last year. The majority of sales in Woolwich during the last year were flats, selling for an average price of £378,008. Terraced properties sold for an average of £499,690, with semi-detached properties fetching £581,787.
Overall, sold prices in Woolwich over the last year were 1% down on the previous year and 2% down on the 2018 peak of £442,720.
Currently Woolwich has limited stock available, sample links below:
• Rolfe Terrace: £465k
• Duke of Wellington Ave: £650k
• Sandy Hill Road: £600k
• Moy Lane: £485k
Situated in the heart of Woolwich, the Anglesea Arm public house is currently operated under a rolling 30-Day lease, as a wet pub only. Owned and leased for the last 12 years by the current owners, the family have decided not to develop the site personally, and now offer the site for immediate sale. Therefore, offers are invited for over £850.000.
THE OPPORTUNITY
Offered without planning consent but, has historically had plans drawn up for 6 and 8 apartments in 2022. However, based on other nearby developments, it is our belief that this site can accommodate 12 one & twobedroom apartments; along with a 2/3 commercial units on the ground floor.
• The Site: TBC.
• Potential Apt: 12.
• Development Size: 694 m2.
• Estimates Build Cost: £2.1m.
• Estimated GDV: £6.0m.
• Purchase Price: £850k+.
• GP: £3.05m* .
THE NUMBERS
* Before planning, &
• The site is being sold without planning permission.
• Legal fees to be paid separately by each party.
• Current tenant has rolling 30day lease agreement.
• Current lease revenue is £2500 pcm.
• Development finance available*.
• Planning & Architectural consultant available.
• Existing Plans available upon request.