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96-100  Cathcart Street, Let Public House and Diner  Greenock

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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 Expiring: 31st May 2036 RENTAL INCOME OF £15,000pa.

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.

Internally the property is formed over a split level with large open plan bar and lounge with laminated timber floors, mixed of railed and pendant lighting. W.c facilities are situated within the basement along with large cooled cellar. Disabled w.c facilities are situated on ground floor. The property benefits from large kitchen and servery. The property is licenced by Inverclyde Licensing Board (No. 101) On sales operating hours are Sunday - Wednesday 1100 - 0000 and Thursday to Saturday 1100 - 0100 Off sales hours are 1100 - 2200 The property is held on a full repairing and insuring head lease expiring 31st May 2036 at a passing rent of £15,000p.a. with review review and tenants option to determine falling on the 5th anniversary. The lease is held by Main Corp Property Ltd who operate multiple venues across the west coast ranging from traditional public houses, pool halls, bar / diners and other licensed venues.

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 Public House and Diner, Greenock, PA15 1BB

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2036
Rent: £15,000 per year / £1,250 per month
Yield: 13% (approx)
Tenant: Company
Notes: Held On F.R.I Lease Expiring: 31st May 2036

Document Downloads

Legal Docs (Available)

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • 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.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 28 May 2026, 10am-3pm
Type: Timed Online Auction

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