Generous Commercial Property located in the business district of Greenock town centre. Priced for Auction Sale.
The property comprises an end terrace ground floor retail unites within a larger commercial development with a multi storey car park above. The car park is accessed via Kilblain Street to the rear.
Property currently produces a gross of £13,000 per quarter. Property has potential to achieve £20,000 - £25,000 per quarter.
Property has a potential to achieve £20,000 - £25,000 per annum making it a very attractive investment opportunity with a gross expected yield of 10% - 12.5% if achieved for the Guide price of £200,000. Sure to appeal to investor.
Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other, subject to appropriate planning research and permissions.
Quality lease with blue-chip tenant providing a benchmark for a highly sought after location. Sure to attract tenants alike.
Sure to appeal to a variety of buyers and investors.
Property consists of a ground level premises with a large sales area, office space and toilet which is sure to attract potential buyers and shrewd investors alike.
Massive potential from retail units at present. Sure to appeal to investors. The seller will consider early offers prior to the auction date.
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 5,209 sq ft (484 sq m).
Terms
Guide Price - £175,000
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 business district of Greenock town centre. Priced for Auction Sale.
- Property is currently tenanted at £13,000 paid quarterly. Rental potential of £20,000 - £25,000 per annum.
- Property currently gross yields 6.5% and has potential to reach a yield of 10% - 12.5% based off a guide price of £200,000
- Property is currently tenanted and has a Guide price of £200,000 and is open to early offers.
- ***Generous Retail Unit*** Property extends to 5209 square feet (484 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.