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A superb opportunity to purchase this Greenock Town Centre salon is available through Bowman Rebecchi. Situated on Kelly Street, the subjects are centrally located, with excellent visibility and roller shutter security.
The subjects and all internal equipment are available to purchase after the end of a long-term tenancy with the property currently vacant.
Set on the ground floor, the property is accessed from street level, with modern internal decor making this an attractive hair salon with 10 chaired stations in-situ.
The welcoming reception area creates a warm environment for clients, with the ground area also including a small product storage room. There are currently five hair stations at the front section of the property as well as a modern finish toilet for clients and staff.
Three small steps lead to the rear section with five further hair stations as well as three hair wash stations and a bright staff room and tea prep area.
The property services include gas, electricity, water and broadband. A property valuation was carried out earlier this year which can be shared with interested parties.
This is a fantastic investment opportunity or premises for a business to grow with high visibility within a well-maintained property.
The property comprises a split-level ground floor double-fronted retail unit contained within a one-storey attic building. The upper floor is for residential use and there are two further commercial units as part of the building which are not included in this opportunity.
The building is of traditional construction having brick outer walls, under a timber framed pitched roof incorporating dormer projections on both patches. The subjects have a traditional style frontage with timber framed glazed display windows and front door all protected by roller shutters.
Internally, the property has a suspended timber flooring system throughout with wall and ceiling linings formed in plasterboard.
Viewings can be arranged by appointment with Bowman Rebecchi.
The demand to own property in Inverclyde is strong, with this property likely to command approximately £14-15k per annum from a new tenancy, making this an attractive investment opportunity providing an 11-12% yield.
Demand is high for commercial units in Greenock and Inverclyde and it is rare for a property like this to come to market.
A CENTRAL LOCATION
The subjects are situated on the junction of Kelly Street and Union Street to the west of the Town Centre and are adjacent to the Watt Institution and Watt Library.
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.
This is a well-connected business hub, with Greenock West train station a ten-minute walk. There are bus stops adjacent to the property as well as plenty of on-street parking.
Greenock town centre is a short walk eastwards, with Ardgowan Square providing lunchtime walks and seating areas for staff.
A wide variety of SME businesses are in close proximity in this vibrant part of Greenock.
Other businesses situated nearby include Morrison Walker, Mind Mosaic, Aitchison's Opticians, Patten and Prentice, Neill Clerk & Murray, The Tontine Hotel, and the Watt Library and Museum at the Watt Institution which is adjacent to the property.
Greenock has a direct connection to the A8/M8 motorway, which is the main arterial route to Glasgow and Edinburgh with the Scottish motorway network beyond giving access to the large skilled labour force that is based in Inverclyde and the west/central belt of Scotland.
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
81.6 sq m / 878 sq ft
Class 1 (Retail)
Rates - From the Assessor’s website, the property had a Rateable Value of £9,700. 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 - Early entry is available upon completion of missives.
Price - Our client is seeking offers in the region of £130,000 exclusive of VAT for their Heritable interest, which is inclusive of all fixtures, fittings, and equipment as shown.
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.