£220,000 Guide Price

31A, B, C & D Nicholson Street, Greenock, PA15 1UL

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Type

Ownership

Occupation

Bedrooms

Council Tax

Commercial Investment Opportunity

Details

Property Summary


  • 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 14-15% based on the guide price of £250,000. 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 14-15% based on the guide price of £250,000. 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.

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Virtual Tours

Property 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 RATES RELIEF.
  • 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 commercial investment opportunity.
  • 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.

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31A, B, C & D Nicholson Street, Greenock, PA15 1UL

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