Generous Commercial Property located in the city centre of Greenock. Priced for Auction Sale.
Sports Direct occupy the ground, first and second floors with a multistorey car park above.
Property currently produces an annual return of £35,000 which is paid quarterly with the lease expiring in October 2025.
Property has potential to achieve £40,000 - £45,000 which would give a gross yield of 10.67% - 12% if achieved for a purchase price of £375,000. Sure to appeal to a shrewd investor.
Quality lease with blue-chip tenant providing a benchmark for a highly sought after location. Sure to attract tenants alike.
Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors.
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
Property extends to 18,363.23 sq ft (1,706 sq m).
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. Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale.
- Property is currently tenanted at £35,000 per annum and is paid quarterly.
- Rental potential of £40,000 - £45,000 per annum. Massive potential from retail units at present. Sure to appeal to investors.
- Property is currently tenanted and provides a 9.3% gross yield based off a guide price of £375,000.
- ***Generous Retail Unit*** Property extends to 18363.23 square feet (1706 squared meters). Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors.