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A superb opportunity to purchase or lease this Greenock Town Centre retail unit shop is available through Bowman Rebecchi. Situated on High Street, the subjects are centrally located, with excellent visibility from the A78, with roller shutter security, and are suitable for a wide range of uses (subject to Planning).
The subjects are available to rent or purchase after the end of a long-term tenancy to a florist who has since relocated to a larger property in Greenock.
Set on the ground floor, the property is accessed from both the Oak Mall and Crown Street, with a large main floor offering a good-sized space that is currently mirrored. To the front is a seating area that acts as a natural reception area. There are several electrical points throughout the property.
To the rear of the property is a further office, storage area, and staff welfare facilities.
The property comprises a two-storey office accommodation of concrete construction. The property has been in the same ownership for several decades and is now being sold alongside this property.
With its open-plan layout, this property could act as an excellent location for retail, leisure, salon, or office use, subject to a successful change of use application, which Bowman Rebecchi can support.
PURCHASE OR LEASE
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 £6-7k per annum from a new tenancy, making this an attractive investment opportunity providing a 10-11% 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:
55.7 sq m / 600 sq ft
From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £5,400.
A copy of the Energy Performance Certificate is available upon request.
Our client is flexible to accommodate requests.
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.
£550 per month (excluding VAT).
Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax
To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.