West Blackhall Street, Greenock, Inverclyde, PA15

Town Centre Retail Investment
Ground Floor
Held On F.R.I Lease To British Heart Foundation
Rear Car Park
Extended to February 2030
Passing Rent: £27,500p.a.x.
Price o/o £235,000

Location

The property occupies a prominent position on the northern side of West Blackhall Street, between its junctions with Nicholson Street and Westburn Street in the town of Greenock.

Greenock is one of the largest towns on the west coast of Scotland and is located on the south bank of The River Clyde, approximately 25 miles west of Glasgow.
The town has a population of around 45,000 people and a catchment population of around 110,000 people.

Nearby occupiers include Halfords, Aldi, Betfred, Farmfoods and Bon Marche.



For the financial year ending 31 March 2024, the British Heart Foundation (BHF) reported a total income of £398.9 million and total expenditure of £416.7 million. This income supports their mission as the UK's leading independent funder of cardiovascular research, with over £430 million invested in research projects
Property

The property comprises a substantial ground floor shop, forming part of a larger building and benefits from a large customer car park to the rear.

The property has been extensively fitted out by the tenant in keeping with their larger store requirements.

Staff w.c. facilities, office and stores are situated to the rear of the demise.

Area

609sqm (6,555sq ft)

Lease Summary

Held on a full repairing and insuring head lease to British Heart Foundation, recently extended for a further 5 years from 1st February 2025 at a passing rent of £27,500p.a.x The tenant has a break option on the third anniversary.

BHF operate in excess of 730 stores with around 150 being furniture and electrical outlets. For the financial year ending 31 March 2024, BHF reported a total income of £398.9m. Their income supports their mission as the UK's leading independent funder of cardiovascular research with over £430million invested in research projects

Price

Offers over £235,000 are invited for our clients freehold interest

V.A.T.

Our client has opted to waive exemption for V.A.T. The transaction will be treated as a Transfer Of a Going Concern (ToGC)

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time