SALE BY ONLINE AUCTION THURSDAY 22ND APRIL 2021 - Superb commercial development opportunity in Greenock. Full two storey building in town centre - circa 1,950 square feet. Estimated rental return of 25%+ based on current and previous levels. First floor is tenanted, Ground floor currently vacant.
· Rarely Available Commercial investment / Development Opportunity comprising Full Building in Heart of Greenock Town Centre*** The Property Comprises Vacant Ground Floor Retail premises (circa 910 sq ft) & Let 1st Floor Office: Circa (1030 sq ft)***Excellent Redevelopment potential*** Possible Combined Rental Levels of £XXX per annum
· The ground floor premises were previously offered to let at £XXX per annum and the 1st floor offices are let at £XXX per annum (10 year lease expiring in April 2021)***
· Excellent potential to re-let both units at a possible rental return of £XXX per annum*** Achieving 25% rental return if re-let at current level for office and previously advertised rental for retail unit*** Potential alternative uses include HOT FOOD CONSENT for ground floor unit and residential upper floor (Subject to consents)***
· 20-24 West Blackhall St Sold £XXX (May 17)***48 West Blackhall St Sold £XXX (March 20)***1 West Blackhall St Sold £XXX (May 20)***34 West Blackhall St Sold £XXX (June 20)*** Nicholson Street is a continuation of West Blackhall Street***
· This property would make an ideal investment opportunity***Estimated rental return of 25%+ at current & previous levels***Seldom available***Excellent asset management potential**2 Storey Building** Heart of Town Centre Near train station & Court Buildings***
***FIRST TIME AVAILABLE AT ONLINE PROPERTY AUCTION SCOTLAND*** Full 2 storey Building in heart of Greenock Town Centre***Fantastic Location Near to Multiple National Operators***Affordable Property in Prime Position*** The Property Comprises Vacant Ground Floor Retail premises (circa 910 sq ft) & Let 1st Floor Office: Circa (1030 sq ft)***Excellent Redevelopment potential*** Possible Combined Rental Levels of £XXX per annum***The ground floor premises were previously offered to let at £XXX per annum and the 1st floor offices are let at £XXX per annum (10 year lease expiring in April 2021)***Excellent potential to re-let both units at a possible rental return of £XXX per annum*** Achieving 25% rental return if re-let at current level for office and previously advertised rental for retail unit*** Potential alternative uses include HOT FOOD CONSENT for ground floor unit and residential upper floor (Subject to consents)*** Greenock offers Superb motorway links via Port Glasgow to the A8 and M8 Motorways serving Paisley, Glasgow Airport and Glasgow City Centre. Close to 3 Train Stations including Greenock Central***
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Terms
Auction goes live 22nd April 2021 at 9:00 GMT. Ends 22nd April 2021 at 15:00 GMT. You must be registered on www.opascotland.com to be able to bid on property and view legal documents. Purchase is subject to security checks, carried out by third party electronically.