Scarlow Street, Port Glasgow

OVERVIEW

A drive-thru development opportunity is available to purchase at the heart of Port Glasgow town centre, adjacent to the Gallagher Retail Park with direct access to the A8/M8, following Planning Approval from Inverclyde Council (22/0160/IC) to develop the site of the former Port Glasgow Job Centre.

The approved plans provide provision for c.2,700 sq ft of drive-thru retail space located within the site, with associated parking and loading provision to support customers and deliveries.

Port Glasgow has benefitted from a vast amount of investment in recent years with the Gallagher Retail Park set adjacent and is fast becoming one of West Central Scotland’s popular shopping locations.

This highly-visible drive-thru site provides future occupiers a superb location, access and growth opportunities.  

ACCOMMODATION

The site extends to 0.31 hectares (0.77 acres). The approved development is to create a new 2,700 sq ft drive-thru.

DEMOLITION

A demolition warrant has been granted by Inverclyde Council for the removal of the current building.

PLANNING

In March 2023, Inverclyde Council’s planning department agreed the former Port Glasgow Job Centre can be demolished and a drive-thru built on the site. The application number is 22/0160/IC and can be viewed on the Council's Planning Portal.

A VIBRANT LOCATION

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 next to this site by Ediston, with tenants including Tesco, M&S, Next, B&Q, B&M, Aldi, and McDonald’s.

The subjects are accessed off the M8/A8 which is located adjacent to the north of the property, which is located approximately 17 miles to the northwest of Glasgow City Centre.

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.

TERMS

Rates - From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £127,000, and we expect the drive-thru to be in a similar range. 

Entry - Early entry is available.   

CLASS USE

Class 3 - Hot Food Takeaway. 

PRICING

Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers over £600,000. The subjects are not elected for 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.