Cross Shore Street, Greenock

OVERVIEW

**360° Tour Available via above link**

This popular Greenock nightclub is available to purchase or lease following the end of a long-term tenancy. RED Nightclub was a successful venue with the previous operator in place for 13 years.

An intimate venue, the property is in walk-in condition and has a capacity of 490, with the property more recently playing host to gigs and special one-off events. Prior to Covid-19, the premises operated at weekends and was regularly full to capacity.

The property would be ideal for alternative uses, including gym/leisure and our client is happy for the subjects to be utilised this way, subject to planning.

PROPERTY DETAILS

Popular with locals, the property has been renovated and refurbished several times within the past 3-5 years to a very high standard.

This includes the upgrading of the sound system and speakers, DJ system, new fridges, new flooring and lighting, all of which are included in the rental price but will fall on the new tenant to maintain.

The main dance floor is centrally located within the club, with the main bar located at the entrance with a smaller bar located next to the dance floor.

There are several seating areas throughout the club, including a raised seating area in the main dance area as well as different alcoves and smaller intimate seating areas.

Upstairs is access to the cloakroom, toilets and outside smoking area, with access downstairs to the private offices and staff welfare facilities. 

An extensive CCTV system is available, which covers the internal and external areas of the club which is also alarmed with roller shutter security.

The property will appeal to experienced nightclub operators as well as property investors/developers looking to convert the property into alternative uses, subject to planning consent.

There is an existing premises licence that can be transferred, with the location having a great reputation as an entertainment venue in the area and a strong track record of safety.

OUTSTANDING CONNECTIVITY 

Greenock is located approximately 20 miles west of Glasgow with a residential population in excess of 50,000 persons and a core catchment population of approximately 270,000 persons.

Positioned on Cross Shore Street, the nightclub sits just adjacent to Cathcart Street, which is host to a number of other commercial businesses including JD Wetherspoon, and Dalrymple Street which is the main A8 road into Greenock town centre. 

Inverclyde Council’s Head Office is located a short walk along Cathcart Street as is the Oak Mall Shopping Centre.

On-street parking is provided together with a large council car park opposite and convenient access is provided to the A8 that connects with the M8 motorway providing access to Glasgow City Centre.

Greenock Central Railway Station is a three-minute walk that provides regular train services to and from Glasgow Central Station, Wemyss Bay and Gourock.

The area is mixed commercial and residential in nature.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi.

PLANNING

The premises benefit from Sui Generis use. 

LICENSING

A Premises Licence is in place with the property that permits the sale of alcohol on the following days:

– Thursday: 19:00 - 02:00

- Friday/Saturday: 19:00 - 03:30

- Sunday: 19:00 - 01:00

ACCOMMODATION

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

337 m - 3,627 sq.ft. 

RATES

From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £31,500. 

EPC

A copy of the Energy Performance Certificate is available upon request.  

ENTRY

Our client is flexible to accommodate requests.

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.

PRICE

£1,800 per month (excluding VAT).

LEGAL COSTS

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

ANTI-MONEY LAUNDERING

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.