Savills has brought to market Erith Riverside Shopping Centre in South East London at a guide price of £18 million.
Comprising a total of 193,145 sq ft of retail and leisure space, Erith Riverside is a convenience and community led shopping centre in the heart of the town centre and is the principal part of the retail offer.
Key store anchors include Wilko, Matalan, Iceland, Greggs, Specsavers and Card Factory. The scheme also provides a 147 space, income-generating car park.
Located in the London Borough of Bexley on the south bank of the River Thames, Erith forms part of the Bexley Riverside Opportunity Area. Riverside Shopping Centre provides a rare opportunity to be the stimulus for the wider regeneration of the area.
James Stratton, director in the investment team at Savills, comments: “Riverside Shopping Centre has a strong community and convenience focused retail offer but also benefits from exciting potential for a large scale residential led, mixed-use redevelopment. This would contribute towards the Borough’s housing needs and the local authority’s regeneration aspirations.”
