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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Tenanted Retail Opportunity At Heart of Greenock Town Centre, 7 West Stewart Street, Greenock, PA15 1SN - 700 Sq Ft / Retail / Retail - High Street - Trading as MITM Manufacturing Ltd. Class 3 unit.

The property provides a large main floor with window display opportunities and roller shutter security. To the rear of the premises is a large storage area, as well as staff welfare facilities.

Access included to rear loading lane as part of the Stewart Centre. Tenanted (MITM GREENOCK LTD) at £10,500 per annum until 02/2032. Break option 02/2026. Rent review scheduled on Feb 2027.

Rateable Value - £10,750 per annum. Full rate relief under small business scheme available. Mains electric and water connections. Hot Food Class 3 commercial premises. Freehold Sale.

The town of Greenock has a wide range of local amenities including high-street shopping with several supermarkets. This property is located within one of the town's recognised shopping precincts.

Tenanted Retail Opportunity At Heart of Greenock Town Centre, 7 West Stewart Street, Greenock, PA15 1SN - circa 565.42 Sq.Ft - 52.53 m2 / Retail / High Street Premises - Trading as MITM Manufacturing Ltd. Greenock is the largest town in Inverclyde and sits on the coast approx. 20 miles from Glasgow and 10 miles from Glasgow Airport. The main port in the West of Scotland for International Cruise liners. LEASE DETAILS: Access included to rear loading lane as part of the Stewart Centre. Occupier (MITM GREENOCK LTD.) tenanted at £10,500 per annum until 02/2032. Break option 02/2026. Rent review scheduled on Feb 2027. *** High-visibility unit with Class 3 hot food consents - Trading as Meat in the Middle with a captive footfall position on West Stewart Street as part of The Stewart Centre *** Meat in the Middle - The main business will be delivery through the app and people coming into the shop to order. We're right next to the bus stops so we're hoping to get passing trade from people shopping and getting on and off the buses. We have a really open demographic.

The property is located on West Stewart Street, located just a one-minute walk from Greenock Bus Station with buses headed west on its doorstep. The premises are also a two-minute walk to Greenock's principal retail area of the town, the Oak Mall and West Blackhall Street. Other enterprises located nearby include B&M, The Range, Ardgowan Hospice, convenience store, cafe, hairdressers, restaurants, takeaways, clothing stores, gift stores and B&M. The Stewart Centre is a well-connected business hub, with Greenock West train station only a five minutes walk as well as connecting ferry services to Argyll and Bute a ten minutes drive. There are bus stops adjacent to the property also to Glasgow, Gourock and North Ayrshire with on-street parking within the vicinity.

Full Address: 7 West Stewart Street, Greenock, PA15 1SN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10/02/2032
Rent: £10,500 per year / £875 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Tenanted at £10,500 per annum until 02/2032. Break option 02/2026. Rent review scheduled on Feb 2027.

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Pricing Information & Bidding

Opening Bid: £68,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £84,000

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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