This popular Greenock nightclub is available to purchase or lease following the end of a long-term tenancy. RED Nightclub was a successful venue with the previous operator in place for 13 years.
An intimate venue, the property is in walk-in condition and has a capacity of 490, with the property more recently playing host to gigs and special one-off events. Prior to Covid-19, the premises operated at weekends and was regularly full to capacity.
Location
OUTSTANDING CONNECTIVITY
Greenock is located approximately 20 miles west of Glasgow with a residential population in excess of 50,000 persons and a core catchment population of approximately 270,000 persons.
Positioned on Cross Shore Street, the nightclub sits just adjacent to Cathcart Street, which is host to a number of other commercial businesses including JD Wetherspoon, and Dalrymple Street which is the main A8 road into Greenock town centre.
Inverclyde Council’s Head Office is located a short walk along Cathcart Street as is the Oak Mall Shopping Centre.
On-street parking is provided together with a large council car park opposite and convenient access is provided to the A8 that connects with the M8 motorway providing access to Glasgow City Centre.
Greenock Central Railway Station is a three-minute walk that provides regular train services to and from Glasgow Central Station, Wemyss Bay and Gourock.
The area is mixed commercial and residential in nature.
Accommodation
PROPERTY DETAILS
Popular with locals, the property has been renovated and refurbished several times within the past 3-5 years to a very high standard.
This includes the upgrading of the sound system and speakers, DJ system, new fridges, new flooring and lighting, all of which are included in the sale price.
The main dance floor is centrally located within the club, with the main bar located at the entrance with a smaller bar located next to the dance floor.
There are several seating areas throughout the club, including a raised seating area in the main dance area as well as different alcoves and smaller intimate seating areas.
Upstairs is access to the cloakroom, toilets and outside smoking area, with access downstairs to the private offices and staff welfare facilities.
An extensive CCTV system is available, which covers the internal and external areas of the club which is also alarmed with roller shutter security.
The property will appeal to experienced nightclub operators as well as property investors/developers looking to convert the property into alternative uses, subject to planning consent.
There is an existing premises licence that can be transferred, with the location having a great reputation as an entertainment venue in the area and a strong track record of safety.
Terms
RATES
From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £31,500.
EPC
A copy of the Energy Performance Certificate is available upon request.
PRICE
Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers over £85,000 (excluding VAT).
Parties should register their interest with Bowman Rebecchi.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax
ANTI-MONEY LAUNDERING
To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.
Specification
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
337 m - 3,627 sq.ft.