The Erith Riverside Shopping Centre has been put on the market with a £18 million price tag.

The Bexley centre will be listed after owners Savills were mandated to sell.

A guide price of £18 million has been set, with the property offering the potential for "significant mixed-use repurposing."

The Riverside Shopping Centre in south east London comprises of over 165,000 sq ft of retail space plus around 800 parking spaces.

Located in Erith, Bexley, on the south bank of the River Thames, current tenants include Wilko, Matalan, Iceland and Greggs.

The listing says 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.

James Stratton, director in the investment team at Savills, said: “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 to the borough’s housing needs and the local authority’s regeneration aspirations.”

The property is surrounded by Bexley Road, Cross Street, Erith High Street, Pier Road and Colebrook Street. The shopping centre is located on Pier Road, and within close proximity to Erith Railway Station.