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96-100  Cathcart Street, Let Investment  Greenock

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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Description

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

Established Town Centre GREENOCK LOCATION with Prominent CORNER Position over Ground & Basement 10 YEAR FRI LEASE FROM 22/08/2023. IMMEDIATE RENTAL INCOME OF £24,000pa.

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 £24,000 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, Let Investment, Greenock, PA15 1BB

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 21.08.2033
Rent: £24,000 per year / £2,000 per month
Yield: 16% (approx)
Tenant: Company
Notes: Rent review: 22.08.2028. FRI Lease

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Pricing Information & Bidding

Guide Price: £179,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 24 October 2024, 3pm
Type: Deadline for Offers

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