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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
LET £22,000 pa rising to £26,000 Established Town Centre GREENOCK LOCATION with Prominent CORNER Position over Ground & Basement 10 YEAR FRI LEASE FROM 22/08/2023. IMMEDIATE RENTAL INCOME OF £22,000pa
WAS historically sold for £450,000. Internally the property is formed over a split level. approximately 325.15 sq m (3,500 sq ft) of accommodation on ground floor and basement.
PRIME CORNER SPOT with catchment population over 100,000 people. Neighbouring occupiers include the Head Post Office, Cafe Monza, Yorkshire Building Society, Greenock Town Hall.
Situated on the north side of Cathcart Street, at its junction with Cross Shore Street. EXCELLENT TRADING LOCATION***
Greenock is a town and administrative centre in the Inverclyde council area in Scotland and a former burgh within the historic county of Renfrewshire, located in the west central Lowlands of Scotland.
10 YEAR FRI LEASE FROM 22/08/2023***IMMEDIATE RENTAL INCOME OF £22,000 per annum***
The property comprises a substantial ground floor and basement within a larger 3 storey blonde sandstone traditional development. The property benefits from a prominent return frontage with large windows around the perimeter.
Situated on the north side of Cathcart Street, at its junction with Cross Shore Street. EXCELLENT TRADING LOCATION***
Greenock is a town and administrative centre in the Inverclyde council area in Scotland and a former burgh within the historic county of Renfrewshire, located in the west central Lowlands of Scotland.
PRIME CORNER SPOT with catchment population over 100,000 people. Neighbouring occupiers include the Head Post Office, Cafe Monza, Yorkshire Building Society, Greenock Town Hall.
Greenock is a town and administrative centre in the Inverclyde council area in Scotland and a former burgh within the historic county of Renfrewshire, located in the west central Lowlands of Scotland. It forms part of a contiguous urban area with Gourock to the west and Port Glasgow to the east.
Full Address: 96-100 Cathcart Street, Greenock, PA15 1BB
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Plans
96-100 Cathcart Street Greenock
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 years from 22.08.2023
Rent: £22,000 per year / £1,833 per month
Yield: 18% (approx)
Tenant: Company
Notes: Rent Review on 5th year, subject to a rising uplift in 2026
Document Downloads
Lease Documentation (Available)
Legal Pack (Available)
Pricing Information & Bidding
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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
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Buy Now Price = £165,000
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Auction Details
Date & Time: 30 May 2024, 10am-3pm
Type: Timed Online Auction
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