Laird Street, Greenock, Inverclyde, PA15

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The freehold of this highly popular Class 3 hot food takeaway with all of its equipment, fixtures, and fittings is available to purchase located in a highly-visible part of Greenock Town Centre.

This prominent business is available for immediate occupation following the retiral of the previous owner due to ill health and is located in Greenock town centre, adjacent to the Celtic Supporters Club and the Black Cat bar.

The previous operator was a successful family-owned business operating over the past two decades. The average turnover for the past 3 years has been c.£230k, based on being open from 07:00 - 15:30 Monday - Saturday having relocated recently to this property from Dellingburn Street.

The business has averaged a 30% profit over the past 3 years, with a huge potential to increase this with Sunday trading.

Online ordering platforms have been successfully used to grow the business, including Clyde Eats and Just Eat.

The property is in good condition but could benefit from some modernisation and includes equipment and fixtures and fittings having recently been upgraded with £10,000 invested in the property.

Our client also has a combined gas, electricity, Wi-Fi and telephone contract which can be transferred to a new occupier which varies between £500 - £700 per calendar month.

16 Laird Street is available for offers in the region of £70,000.

A MODERN CAFE

The property is fitted out in modern and welcoming decor as a cafe/takeaway with approximately £10,000 spent on improvements and equipment in the past year.

Highlights include:

- Remote monitoring via an app from any mobile device with playback.

- Epos hybrid till system and kitchen printer, integrated with the business website and app,

- Multiple fridges, freezers, coffee machines, griddles, and tables/chairs

Internally there is a welcoming and modern seating area, which leads to the service counters from the reception area.

To the rear of the premises is a kitchen preparation and cleaning area, with a further storage area and toilet available.

A full list of what equipment is included can be provided to any interested parties.

A SUPERB LOCATION

The subjects are situated on Laird Street within Greenock town centre, occupying a ground floor location with excellent visibility and footfall and with a local authority car park and on-street parking located within the immediate vicinity,

Greenock is located approximately 20 miles west of Glasgow with a residential population of over 45,000 persons and a core catchment population of approximately 270,000 persons.

Greenock's Oak Mall is a four-minute walk, with bus stops available on the adjacent Dalrymple Street.

Greenock West Railway Station is an eight-minute walk, providing regular train services to and from Glasgow Central Station and Gourock, with adjoining services to Wemyss Bay and Paisley.

SAT NAV

The postcode from the property is PA15 1LB.

INVESTMENT

The demand to own property in Inverclyde is strong, with this property likely to command approximately £8-9k per annum in its current form from a new tenancy, making this an attractive investment opportunity providing an 11-12% yield.

Demand is high for hot food outlets in both Greenock and Inverclyde and it is rare for a town centre property like this to come to market.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi.

TRADING HOURS

The business has previously traded each day from 07:00 - 15:30.

MEASUREMENTS

Total - 70 sq m / 753 sq ft

TERMS

Rates - From the Assessor's website, the property had a Rateable Value of £7,000. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.

EPC - A copy of the EPC is available upon request.

Entry - The current tenant is flexible with requests.

Price - Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers in the region of £70,000, excluding VAT.

Planning - The subjects currently benefit from hot food takeaway consent however may be suitable for alternative uses subject to planning. All planning queries should be made directly to Inverclyde Council.

LEGAL COSTS

Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax

ANTI-MONEY LAUNDERING

To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

For further information, please contact Bowman Rebecchi.