Buyrite, Greenock

OVERVIEW

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This well established convenience store and off-licence leasehold is available to purchase, set within the heart of one of Greenock Town Centre's busiest retail areas and offering superb visibilty from the A770 main road.

Buyrite at Grey Place is a highly-profitable business, boasting an annual turnover of £450,000 and working on excellent profit margins.

The premises is held on a new 20-year secure lease, with a sensible rental figure and comprises on a spacious self-service store, which has been configured to provide excellent refrigeration and display areas.

Already established on delivery platforms Deliveroo and Just Eat, the subjects offer good potential for further growth into complimentary areas.

The subjects are in excellent condition, with a large stock room and staff area, as well as private office, and offer a range of opportunities for growth for new occupants all within close walking distance of Greenock's Ocean Terminal, where 150k visitors and crew land every summer from cruise liners.

The property is located as a middle terrace unit, which leads onto West Blackhall Street, located just a five-minute walk from Greenock's principal retail area of the town, the Oak Mall.

Other enterprises located nearby include a range of hairdressers, restaurants, cafes, takeaways, clothing stores, gift stores and Aldi.

With CCTV in place to support security, this is a fantastic space for a business to position itself with high-visibility and footfall.

The Leasehold asking price is £55,000 for 20 years, with annual rental being £15,000. SAV is also available.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

LOCATION

Greenock is situated 25 miles west of Glasgow and has a direct connection to the M8 motorway, which is the main arterial route to Edinburgh and the Scottish motorway network beyond to the large skilled labour force that is based in Inverclyde and the central belt of Scotland.

With a rich maritime heritage, Inverclyde is looking again to the River Clyde to support its future growth, with Greenock Ocean Terminal developing a new pontoon and visitor centre to support its 140,000 cruise liner passengers per annum, with Inverclyde seeing over 500,000 visitors per annum. 

Grey Place is a thriving retail area of Greenock, with enterprises including Aldi, Greenwood Moreland Insurance Brokers, Tonino's, Stuart McMillan MSP Office and multiple SMEs. 

OUTSTANDING CONNECTIVITY 

The property benefits from direct access onto the A770 linking to the A8/M8 motorway, providing access to the national motorway network as well as the M74 motorway leading South and is 25 minutes drive from Glasgow International Airport. 

On-street parking is available for customers in and around Grey Place.

PLANNING

The premises benefits from Class 1 Retail use. 

LICENSING

A Premises Licence has been granted by Inverclyde Council that permits the sale of alcohol.

TRADING HOURS

The business trades each day from 10:00 - 22:00.

MEASUREMENTS 

The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows: 

Total - 153 sq m / 1,650 sq ft

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £14,400. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status. 

EPC - A copy of the Energy Performance Certificate is attached above and available upon request.

Entry - The current tenant is flexible to requests.

Stock At Value - The property includes several fixtures and fittings, which can be used subject to offer and negotiation.

Price - The cost to acquire the leasehold is £55,000 with SAV also available. Purchasers are inheriting a new 20-year lease, with rental of £15,000 per annum (excluding VAT).

Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

Terms - The subjects are available to lease on full repairing and insuring terms. Each party is to be responsible for its legal costs and outlays, including VAT incurred.

For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.