Retail Unit, 1a Newton Street, Greenock, PA16 8UH

A corner unit in the ground floor of a larger traditional sandstone tenement, the property appears to have originally been designed as a bank with a heavy stone frontage and higher level display widows.

Access is available from both street frontages and the layout is largely open plan internally with ample customer toilet and staff welfare facilities towards the rear.

Location

Greenock is the administrative centre for Inverclyde Council with a resident population of approximately 43,000 people. The town sits on the south bank of the Clyde estuary, with Glasgow located 25 miles to the east via the M8 motorway.

Newton Street is situated in the Mount Pleasant area of Greenock, approximately 1 mile west of the town centre, and provides access to Greenock West railway station. The subject premises occupy a prominent corner position at the junction with Inverkip Street.

The surrounding area is predominantly residential in character. Nearby traders are independent in nature and include Clyde Pharmacy, Aulds the Bakers and, on the opposite side of Inverkip Street, the main Mount Pleasant NHS GP Health Centre.

Accommodation

Ground Floor Net Internal Area: 112.78 sq m (1,214 sq ft)

Terms

Our clients seek offers in excess of £125,000 for the benefit of their heritable interest (the equivalent of English freehold), with vacant possession.

VAT: The property has not been elected for VAT; VAT will therefore not be charged on the sale price.

Rates: From enquiries made at saa.gov.uk, the premises are entered on the current Valuation Roll as follows:

BETTING OFFICE - NAV/RV - £12,000

Legal Expenses: Each party will meet their own legal expenses incurred in connection with the transaction. The purchaser will also be responsible for any Land and Buildings Transaction Tax and Registration Dues that may be payable.

Planning: While most recently used as a Betting Office, the property will be available for Class 1a (Retail and Office) Use. While Deemed Consent usually presumes allowing a Change of Use to Class 3, with there being residential dwellings above, a full Planning Application for such would be required here.