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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

BUSY OFF LICENCE "LIQUOR SHED" LEASE TILL 2032 (tenant been in occupation since 1985) £15,000 per annum VAT FREE PROPERTY. Opportunity in Heart of Greenock Town Centre

All rent payments up to date. Trading as SHIVAL LTD. Lease commenced 1985 lease till 2032 £15,000 per annum VAT FREE --- Established Tenant --- Very good trading unit.

11% return all rent payments up to date. Tenant been in occupation 30 years. VAT FREE. Net Internal Area: 601.59 Sq.Ft (55.89m2).

The town of Greenock has a wide range of local amenities including high-street shopping with several supermarkets.

Tenant been in occupation 30 years.

BUSY OFF LICENCE "LIQUOR SHED" LEASE TILL 2032 (tenant been in occupation since 1985) £15,000 per annum VAT FREE PROPERTY. Opportunity in Heart of Greenock Town Centre, All rent payments up to dateLease commenced 1985. Net Internal Area: 601.59 Sq.Ft (55.89m2). Access included to rear loading lane as part of the Stewart Centre. Tenanted (SHIVAL LTD) at £15,000 per annum until August 2032. --- Established Local Tenant --- The property provides a large main floor with window display and roller shutter security entry. To the rear of the premises is a large storage area and staff facilities. Liquor Shed. 11% return all rent payments up to date. Tenant been in occupation 30 years.

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.

Full Address: 19 West Stewart St, Liquor Shed, Greenock, PA15 1SN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2032
Rent: £15,000 per year / £1,250 per month
Yield: 13% (approx)
Tenant: Company
Notes: 11% return all rent payments up to date. Tenant been in occupation 30 years. VAT FREE.

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Pricing Information & Bidding

Opening Bid: £119,000

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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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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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 = £139,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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