Bruce Street, Greenock

OVERVIEW

**360-degree tour available - click above link** 

The freehold of this rarely available industrial unit is available to purchase through Bowman Rebecchi, following the relocation of the existing long-term tenant.

Situated at Bruce Street, the property has operated for several decades as Ewen Haldane's Motorcycles and provides a large dog-legged unit with an associated yard area that is accessible from the street. 

The unit is in need of refurbishment internally but provides a large showroom, 2 x workshop areas, several associated offices, stock rooms, and a small kitchen area.

To the side of the property is a secure loading space, and to the rear there are two large shipping containers for storage with space for further containers if required.

The subjects could easily be reconfigured to split into two smaller separate units providing buyers excellent flexibility.

This is a fantastic space for a business to position itself, with industrial property highly popular on the west coast of Scotland. This size of the unit is rarely available to purchase, making this a great opportunity for the right buyer. 

VIEWING

The property is currently tenanted and therefore viewings need to be made by appointment with Bowman Rebecchi. 

SAT NAV DIRECTIONS

The postcode for the property is PA15 4LL.

INVESTMENT

The demand to own industrial property in Inverclyde is strong, with this property likely to command approximately £12k per annum from a new tenancy in its current condition, or more if refurbished, making this an attractive investment opportunity providing an 18% yield.

Demand is high for industrial units in the West of Scotland and it is rare for a property like this to come to market.

A CENTRAL LOCATION

The property is located on Bruce Street, adjacent to the A78, and located just a two-minute walk from Greenock West Railway Station and a five-minute walk to the main town centre.

Other enterprises located nearby include Cost Cutter, Dallas Carpets, The Range, and One Bruce Street Bar and Grill. The property is adjacent to a large local authority car park.

This is a fantastic space for a business to position itself with high visibility.

MEASUREMENTS 

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

255 sq m | 2,745 sq ft

CLASS USE

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

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £7,900. The property qualifies for 100% rate 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 ownership is available. The current tenancy runs until 26th March 2024 with the tenant having given notice to vacate.

Price - Our client is seeking offers of over £65,000 exclusive of VAT for their Heritable interest.

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.