The Wee Steamie, Greenock

OVERVIEW

**360° Virtual Tour Available** 

A superb opportunity to purchase the freehold of this long-standing community launderette and its machinery is available through Bowman Rebecchi. 

Situated on Murdieston Street, the subjects are centrally located, with excellent visibility, gas and electric supplies and three-phase power.

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 launderette with 4 different washing machines and 3 industrial driers in-situ and included in the asking price.

To the right of the entrance are several storage shelves for clients' items to be stored, with the rear providing a small office and staff welfare facilities, which are accessed by three small steps. 

There is further storage available in a loft attic, with stairs provided to gain access. The property services include gas, electricity, and water with a 3-phase power supply. An alarm system is also in place.

A former off-licence, the property is a long-standing retail unit with a high level of passing traffic and residential properties in close proximity.

The building is factored by Oak Tree Housing, with the subjects well maintained by our client.

This is a fantastic investment opportunity or premises for a business to grow with high visibility within a well-maintained property.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

INVESTMENT

The demand to own property in Inverclyde is strong, with this property likely to command approximately £4-5k per annum from a new tenancy, making this an attractive investment opportunity providing a 10% 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 Murdieston Street and Brachelston Street to the west of the Town Centre, in the popular Orangefield part of Greenock, adjacent to The Albany Theatre and surrounded by residential dwellings, SMEs, Orangefield Chip Shop, and hairdressers.

Greenock Central Railway Station is a four-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 a twelve-minute walk, with HMP Greenock and a selection of schools in close proximity for passing trade. There is on-street parking for delivery also available.

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.

MEASUREMENTS 

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

32.5 sq m / 350 sq ft

CLASS USE

Class 1 (Retail)

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £2,300. 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 upon completion of missives. 

Price - Our client is seeking offers in the region of £49,995 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.