31A, B, C & D Nicholson Street, Greenock, PA15 1UL
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Key features
- Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area within Greenock, Scotland.
- *** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
- Would suit a shrewd commercial investor looking for instant cashflow as well as the opportunity to maximise rents with the vacant element of the portfolio - Units ALL qualify for 100% BUSINESS RATE
- The portfolio could command an annual rent of £37,000 giving it an impressive yield of 14-15% based on the guide price of £250,000. Would suit a commercial landlord looking for an easily lettable c
- Property comprises: 4 large shops, all come with fully kitted kitchen and w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location. The units have NO co
Description
- Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area within Greenock, Scotland.
- *** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
- Would suit a shrewd commercial investor looking for instant cashflow as well as the opportunity to maximise rents with the vacant element of the portfolio - Units ALL qualify for 100% BUSINESS RATES RELIEF.
- The portfolio could command an annual rent of £37,000 giving it an impressive yield of 17% based on the guide price of £220,000. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity.
- Property comprises: 4 large retail units, come with kitchen, w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location. The units have NO common repairs responsibility with building or roof with both also having recently renovated.
Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area of Greenock.
Property comprises: 4 large shops, all come with fully kitted kitchen and w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location.
The units have NO common repairs responsibility with building or roof with both also having recently renovated.
The portfolio could command an annual rent of £37,000 giving it an impressive yield of 17% based on the guide price of £220,000. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity along with instant cashflow. Unit A has been occupied for over 15 years, giving it an incredible track record and reliability in income.
| Unit | Rent (Per Annum) | Current Rateable Value | Business Rates Exemption |
| 31A | £10,000 | £6,300 | Yes - 100% Discount |
| 31B | £9,000 | £5,400 | Yes - 100% Discount |
| 31C | Vacant | £5,700 | Yes - 100% Discount |
| 31D | Vacant | £6,400 | Yes - 100% Discount |
*** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
Portfolio is PRICED TO SELL and due for auction in our upcoming timed online auction. For details on registration please contact the team.
Portfolio is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Location:
Nicholson Street is a bustling hub of commercial activity in Greenock, Scotland. The street is characterized by its high footfall, with many people visiting the area to take advantage of its various shops, cafes, and other amenities. The street is home to a variety of businesses, including local shops, cafes, restaurants, and other service providers. This mix of commercial activity, combined with its central location, makes Nicholson Street a popular destination for both locals and visitors to the area. Whether you're looking to do some shopping, grab a bite to eat, or simply enjoy a stroll, Nicholson Street is a vibrant and bustling part of Greenock that is well worth a visit.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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31A, B, C & D Nicholson Street, Greenock, PA15 1UL
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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 Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*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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