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35-39 West Blackhall Street, Greenock, Renfrewshire, PA15 1UT

Guide Price
£205,000

Business rates & charges may apply

Online Property Auctions Scotland Limited, Glasgow
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SECTOR

High street retail property for sale

Description

FOR SALE BY ONLINE AUCTION THURSDAY 16TH MAY AT 9.00AM. Large vacant commercial unit circa 11,314sq. ft., in prime town centre location. Estimated end-market rental potential in the region of £40,000 per annum - incredible yield of 19.5% at Guide Price. Potential for conversion of upper floors to residential dwellings (STP).

Online Property Auctions Scotland are delighted to present this vast commercial unit, situated on a busy street in Greenock town centre. The property is nearby the Oak Mall shopping centre - one of Inverclyde's busiest shopping areas, with high daily foot traffic.

Set over 3 floors, the unit is circa 11,314sq. ft. with rental potential in the region of £40,000 per annum. There is also potential to convert the upper floors to residential dwellings (subject to planning) as similar properties nearby have been.

Ground floor - 2,761 sq ft (256.50 sqm) First floor - 4,306 sq ft (400.00 sqm) Second floor - 4,247 sq ft (394.50 sqm) Total - 11,314 sq ft (1,051.00 sqm).

- Large commercial unit set over 3 floors
- Prime town centre location
- Estimated rental potential of around £40,000 pa
- Potential to convert upper floors to residential dwelling (STP)

Greenock is the largest town in Inverclyde and approximately 20 miles from Glasgow, making it a popular commuter town. With a population of roughly 45,000 people, there is high demand for residential property and commercial premises.

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Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm. All prices quoted are exclusive of VAT.

Brochures

35-39 West Blackhall Street, Greenock, Renfrewshire, PA15 1UT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Greenock West Station0.3 miles
  • Greenock Central Station0.5 miles
  • Drumfrochar Station0.8 miles

Notes

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Disclaimer - Property reference 244904. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auctions Scotland Limited, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland Limited, Glasgow on 01409 335799.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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