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Description

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

INCOME PRODUCING INVESTMENT - Town Centre Full Building - 6,497sq ft - Held On F.R.I Lease producing £30,000 per annum. The property trades as a multi-food take away with ancillary seating.

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Foods Hub Ltd Expiry: 6th December 2037 Passing Rent: £30,000p.a.x Rent Review: 2027 & 2032

The property extends to the following floor areas: Ground: 292.9sqm (3,153sq ft) 1st: 310.69sqm (3,344sq ft) Total: 603.6sqm (6,497sq ft)

The property comprises a two-storey mid terrace premises with ground floor retail accommodation and ancillary areas (storage, staff accommodation) at first floor.

LOCATED IN A PROMINENT POSITION The location offers a mix of national and local retailers, and direct access to the Oak Mall Shopping Centre.

INCOME PRODUCING INVESTMENT - Town Centre Full Building - 6,497sq ft - Held On F.R.I Lease producing £30,000 per annum. The property trades as a multi-food take away with ancillary seating. The property is held on a full repairing and insuring head lease on the following terms; Tenant: Foods Hub Ltd Expiry: 6th December 2037 Passing Rent: £30,000p.a.x Rent Review: 2027 & 2032 The property extends to the following floor areas: Ground: 292.9sqm (3,153sq ft) 1st: 310.69sqm (3,344sq ft) Total: 603.6sqm (6,497sq ft) The property comprises a two-storey mid terrace premises with ground floor retail accommodation and ancillary areas (storage, staff accommodation) at first floor. LOCATED IN A PROMINENT POSITION The location offers a mix of national and local retailers, and direct access to the Oak Mall Shopping Centre.

The property is situated on the west side of West Blackhall Street, between Nicolson Street and Western Street within the town of Greenock. The location offers a mix of national and local retailers, and direct access to the Oak Mall Shopping Centre. Greenock is a regional town in the Inverclyde Council area, approximately 20 miles west of Glasgow. The town is serviced by a number of train and bus operators, with the A8, A78 and M8 providing easy access around town, south towards Kilmarnock and east towards Glasgow.

Full Address: 17-19 West Blackhall Street, Greenock, PA15 1VA

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 12 Years
Rent: £30,000 per year / £2,500 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Foods Hub Ltd Expiry: 6th December 2037 Passing Rent: £30,000p.a.x Rent Review: 2027 & 2032

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Pricing Information & Bidding

Opening Bid: £213,000

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 £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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Auction Details

Date & Time: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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