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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
PRIME tenanted commercial property LET to Corals on FULL REPAIRING and INSURING HEAD LEASE at £9,000P/A until 2026. EXCELLENT INVESTMENT with immediate RENTAL RETURN.
PRIME TRADING POSITION close to Greenock Town centre. PERFECT INVESTMENT PROPERTY.
SUPER SIZE approx. 1,000 Sq. ft single storey commercial unit. Excellent Investment Opportunity. PROMINENT FRONTAGE.
Situated on the south side of Regent Street, close to its junction with Trafalgar Street close to Greenock town centre.
Greenock is situated approximately 23 miles west of Glasgow with a resident population of approximately 50,000.
PRIME tenanted commercial property LET to Corals on FULL REPAIRING and INSURING HEAD LEASE at £9,000P/A until 2026. EXCELLENT INVESTMENT with immediate RENTAL RETURN.
PRIME TRADING POSITION close to Greenock Town centre. PERFECT INVESTMENT PROPERTY.
SUPER SIZE approx. 1,000 Sq. ft single storey commercial unit. Excellent Investment Opportunity. PROMINENT FRONTAGE.
The property comprises a single storey commercial unit of traditional construction of traditional construction, rendered and painted. The property is accessed via a single aluminium glazed door secured by an aluminium roller shutter. Internally the property is fitted out in accordance with the tenant corporate specifications with floors overlaid in carpet and laminated timber with lighting provided by fluorescent strips and halogen spots recessed within the suspended ceiling. Partitions have been erected to form customer W.C. facilities, staff tea prep and staff w.c. facilities.
The property is situated on the south side of Regent Street, close to its junction with Trafalgar Street close to Greenock town centre, which is the administrative centre for Inverclyde. With a population of over 50,000persons, the town benefits from a core catchment in excess of 270,000. The surrounding area is characterised with dense residential dwellings with a small number of local commercial occupiers.
Full Address: 55 Regent Street, Greenock, PA15 4NP
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 9th February 2026
Rent: £9,000 per year / £750 per month
Yield: 13% (approx)
Tenant: Company
Notes:
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Pricing Information & Bidding
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
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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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