Multi Storey Car Park, West Stewart Street / Kilblain Street, Greenock, PA15 1SN

Huge and rarely available commercial car park located in the business district of Greenock town centre.

Car Park is currently tenanted at £40,000 per annum with lease expiring in December 2027.

Car Park holds 180 spaces within the unit and consists of three storey's.

The property is accessed via Kilblain street and is controlled with barrier entry and rolling aluminium shutters for added security. 

Location

Introducing a remarkable commercial property located in the heart of Greenock. This exceptional offering presents an outstanding opportunity for businesses seeking a strategic and bustling location to establish or expand their operations. Boasting a prime position within this vibrant community, the property is perfectly suited for a wide range of commercial ventures.

Situated in a thriving area with a high volume of foot traffic, this commercial space enjoys excellent visibility and exposure. The surrounding neighbourhood is characterized by a mix of residential and commercial developments, creating a dynamic and vibrant atmosphere that attracts a diverse customer base.

Accommodation

Multi Storey Car Park with 180 spaces.

Terms

Guide Price - £300,000

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Specification

• Prime Property Auctions New Entry: Huge and rarely available commercial car park located in the business district of Greenock town centre. *** MASSIVE COMMERCIAL YIELD *** 
• Property currently achieves a gross yield of 10.67% based off a guide price of £375,000 with potential to reach much higher subject to market rates.
• Property is currently tenanted at £40,000 per annum with lease expiring in December 2027.
• Car Park is a ready-let investment providing monthly payments of £3,333 per calendar month. Sure to appeal to an astute investor.  
• ***Large Commercial Car Park*** Car Park holds 180 spaces. Excellent addition to an existing commercial portfolio for a shrewd investor.