Large vacant commercial unit circa 11,314sq. ft., in prime town centre location. Estimated end-market rental potential in the region of £40,000 per annum - incredible yield of 19.5% at Guide Price. Potential for conversion of upper floors to residential dwellings (STP).
Online Property Auctions Scotland are delighted to present this vast commercial unit, situated on a busy street in Greenock town centre. The property is nearby the Oak Mall shopping centre - one of Inverclyde's busiest shopping areas, with high daily foot traffic.
Set over 3 floors, the unit is circa 11,314sq. ft. with rental potential in the region of £40,000 per annum. There is also potential to convert the upper floors to residential dwellings (subject to planning) as similar properties nearby have been.
Ground floor - 2,761 sq ft (256.50 sqm) First floor - 4,306 sq ft (400.00 sqm) Second floor - 4,247 sq ft (394.50 sqm) Total - 11,314 sq ft (1,051.00 sqm).
- Large commercial unit set over 3 floors
- Prime town centre location
- Estimated rental potential of around £40,000 pa
- Potential to convert upper floors to residential dwelling (STP)
Greenock is the largest town in Inverclyde and approximately 20 miles from Glasgow, making it a popular commuter town. With a population of roughly 65,000 people, there is high demand for residential property and commercial premises.
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