Arthur Street, Greenock

OVERVIEW

**360° Virtual Tour available via above link** 

The freehold of this rarely available yard space is available to purchase in central Greenock. Ideal for trades and small suppliers, the subjects are located close to Greenock Town Centre and are a cost-effective and secure option for business use.

Located on the north side of Arthur Street, the subjects are available immediately, with opportunities to develop on the site (subject to planning), use as-is or use the site for storage.

Off-street parking is available in the surrounding area, with the industrial estate accessed via Arthur Street or St Lawrence St and Knowe Road with security provided via a large main gate.

There is fencing along St Lawrence's Road currently and the site is accessible from the foot of Knowe Road, so could be made more secure if required.

A rare opportunity, the site comes as seen and is with tar planning recently laid.

The yard is accessible 24 hours a day all year round and provides a unique opportunity for businesses and investors.

A SUPERB LOCATION

This space provides tenants with a central location on the edge of Greenock Town Centre, with excellent connectivity to the A8/M8.  

Nearby occupiers include Royal Mail, Royal Bank of Scotland, Cigna, Royal Mail, EE, and Stream Marine, and is well served by hotels with Holiday Inn Express directly adjacent and Premier Inn less than a 10-minute walk away. A new Greggs Drive-Thru is being built less than 3-minute walk away on Arthur Street.

The Property sits between two train stations allowing staff easy commuter access with a regular train service to Glasgow Central and Wemyss Bay.

Greenock is situated 25 miles west of Glasgow and has a direct connection to the M8 motorway, which is the main arterial route to Edinburgh and the Scottish motorway network beyond to the large skilled labour force that is based in Inverclyde and the central belt of Scotland.

SAT NAV DIRECTIONS

The postcode for the property is PA15 4RT.

INVESTMENT

The demand to own property in Inverclyde is strong, with this property likely to command approximately £9-10k per annum in its current form from a new tenancy, making this an attractive investment opportunity providing an 8.5% yield.

Demand is high for Industrial sites and land in both Greenock and Inverclyde and it is rare for a piece of land like this to come to market.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

MEASUREMENTS 

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

Total - 1,113 sq m | 11,980 sq ft | 0.27 Acres

TERMS

RATES

From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £3,900. The land qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.

ENTRY

Early entry is available.   

CLASS USE

Class Use 4,5, and 6 (Business/General Industrial/Storage or Distribution)

PRICING

Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers in the region of £120,000, 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.