Princes Street, Port Glasgow

OVERVIEW

**360° Tour Available** 

This recently renovated and flexible retail unit in Port Glasgow town centre is available to let following the end of a long-term lease. A rare opportunity, this large unit is suitable for a range of uses with our client happy to consider a change of use to include restaurant, leisure, or cafe uses (subject to planning).

The property was previously a SPAR and formerly housed the local Post Office and a Subway until a fire in March 2020.

The subjects have since undergone reinstatement works to put the unit back into a shell ready for new occupancy. The ground floor has been reinstated to a clean white shell ready to accept a tenant’s fit-out

There are over 2,000 square feet of open floor space on the ground floor as well as upper-floor storage, offices, and welfare facilities.

Entry is from Princes Street, with additional side and rear entrances for loading and/or distribution. 

Sensibly priced, this unit is likely to appeal to a wide range of occupiers, with the unit able to be split into smaller units internally.

This is a fantastic space for a business to position itself, with a prominent and highly visible site within Port Glasgow Town Centre.

Please contact Bowman Rebecchi for further information.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi.

A VIBRANT LOCATION

The subjects are accessed from Princes Street at the heart of Port Glasgow town centre, with the railway station a 3-minute walk further along Princes Street.

Port Glasgow’s population is approximately 16,617 and has undergone a regenerative transformation over the past decade to become a vibrant town on the banks of the River Clyde, within the authority of Inverclyde Council.

With a rich heritage within the shipbuilding industry, the town continues to build ships at the nearby Ferguson Shipyard, nationalised by the Scottish Government in 2019.

The town is reaping the benefits of having a large retail park constructed adjacent to the subjects by Ediston, with tenants including Tesco, M&S, Next, B&Q, B&M, Aldi, and McDonald’s.

Port Glasgow benefits from excellent road and rail links and is accessed via junction 31 of the M8 motorway with direct links to Paisley and Largs via the A8 and A78.

MEASUREMENTS 

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

Total - 255 sq m / 2,750 sq ft

TERMS

Rates - From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £16,100. 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 available upon request.

Entry - Early entry is available.  

Rental - The property is available by way of a new lease at a guide rent of £24,000 per annum, excluding VAT, with terms to be agreed upon.

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.