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A superb opportunity to purchase this Greenock Town Centre office is available through Bowman Rebecchi. Situated on High Street, these corporate style offices are centrally located, with excellent visibility from the A78 and set across two floors, with the possibility of splitting the office into two separate units.
The subjects are available to rent or purchase after the end of a long-term tenancy to a local social housing provider, who has since bought an alternative larger property in Greenock.
With an ability to hold over 50 employees, the property is split across the ground floor as the main customer-facing part of the building, with the first floor laid out as private offices for management and senior staff.
The property comprises a two-storey office accommodation of concrete construction. The property has been in the same ownership for several decades.
Internally there is Gas Central Heating with two boilers, as well as an intruder and fire alarm system in-situ.
The current configuration could lend itself to dividing the two floors, with separate entrances as a more attractive option in the current office market and a potential way to lower the rateable value of the property.
Our client is open to both sale and rental options.
Viewings can be arranged by appointment with Bowman Rebecchi.
Businesses situated nearby include several retail businesses within The Oak Mall. The Exchange and Cruden Hall restaurants are located on Ann Street, with B&M a short walk.
There is a wide variety of SME businesses are in close proximity in this vibrant part of Greenock including florists, hairdressers, butchers and takeaway shops.
The demand to own property in Inverclyde is strong, with this property likely to command approximately £20-25k per annum from one or two tenants, making this an attractive investment opportunity providing an 8-10% yield.
A CENTRAL LOCATION
Greenock is located approximately 20 miles west of Glasgow with a residential population of over 50,000 persons and a core catchment population of approximately 270,000 persons.
Greenock Central Railway Station is a six-minute walk providing regular train services to and from Glasgow Central Station and Gourock, with adjoining services to Wemyss Bay and Paisley.
Greenock's Oak Mall is located adjacent, with access via the High Street entrance. Greenock Bus Station is a 4-minute walk, with Greenock Central and Greenock West railways stations both 8-minute walks.
On-street parking is also available in close proximity.
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
Ground - 124 sq m / 1,334 sq ft
First - 181 sq m / 1,957 sq ft
Total - 305 sq m / 3,290 sq ft
Rates - From the Assessor’s website, the property had a Rateable Value of £30,500.
EPC - A copy of the Energy Performance Certificate is attached above and available upon request.
Entry - Early entry is available upon completion of missives.
Price - Our client is seeking offers in the region of £250,000 exclusive of VAT for their Heritable interest.
VAT - All prices, rents, premiums etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Legal Costs - Each party is responsible for their own legal costs and the tenant shall be responsible for lease registration costs and land tax as standard.
For further information or to view, please contact Bowman Rebecchi.