£25,000 Guide Price

40 West Blackhall Street, Greenock, PA15 1UY

188333752

Interested in this property?

Type

Ownership

Occupation

Bedrooms

3

Council Tax

Commercial Development Opportunity

Details

Property Summary

  • Prime Property Auctions is excited to present a Commercial Space primed for RESIDENTIAL CONVERSION on popular street within Greenock - PRICED TO SELL.

 
  • *** 152 West Blackhall Street, Greenock, PA15 1UY previously sold for £158,000, 50 West Blackhall Street, Greenock, PA15 1UY previously sold for £110,000 ***

 
  • Property once converted (subject to gaining necessary planning permission) could achieve £500/month in rent, providing an exceptional investment opportunity for a shrewd investor. This gives the property a massive 15% Yield based on a Guide Price of £40,000 - PRICED TO SELL.

 
  • Sure to appeal to shrewd developer looking for a great opportunity or an owner occupier looking for an excellent commercial premises.

 
  • Property benefits from Gas central heating and double glazing which future proofs against incoming energy efficiency legislation.

 

 

 

Prime Property Auctions is excited to present a Commercial Space primed for RESIDENTIAL CONVERSION on popular street within Greenock - PRICED TO SELL.

 

 

Property comprises of a first-floor premises accessed through a secure door entry system. The property comprises of a spacious open work space, 2 large offices, skylights along a walkway, a large kitchen and 2 bathrooms to the rear.

 

 

 

Huge potential to be converted into a 2 or 3 bedroom flat, subject to gaining necessary planning permission or kept as an office space in prime central location. Current rateable value is £7,100 which qualifies for 100% BUSINESS RATES RELIEF.

 

 

 

Property once converted (subject to gaining necessary planning permission) could achieve £500/month in rent, providing an exceptional investment opportunity for a shrewd investor. This gives the property a massive 15% Yield based on a Guide Price of £40,000 - PRICED TO SELL.

 

 

Kept as a commercial unit, could attract rent of £7,000/annum providing an incredible 17% yield based on the Guide Price of £40,000 – PRICED TO SELL. Would suit a shrewd commercial investor looking for an easily lettable unit or an owner occupier looking for a space in an excellent central location.

 

 

 

Property benefits from Gas central heating and double glazing which future proofs against incoming energy efficiency legislation.

 

 

The property is offered at a DISCOUNT to ensure a fast sale at auction. There is fantastic sales evidence with similar properties selling for much higher:

 

 

 

*** 152 West Blackhall Street, Greenock, PA15 1UY previously sold for £158,000, 50 West Blackhall Street, Greenock, PA15 1UY previously sold for £110,000 ***

 

 

Property is due to go to auction for our upcoming timed online event. Be sure to register to not miss out. Should you wish to make an immediate offer you can do so. Please contact the team to discuss how to make an offer today.

 

Location:

 

West Blackhall 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 is excited to present a Commercial Space primed for RESIDENTIAL CONVERSION on popular street within Greenock - PRICED TO SELL.
  • *** 152 West Blackhall Street, Greenock, PA15 1UY previously sold for £158,000, 50 West Blackhall Street, Greenock, PA15 1UY previously sold for £110,000 ***
  • Property once converted (subject to gaining necessary planning permission) could achieve £500/month in rent, providing an exceptional investment opportunity for a shrewd investor. This gives the property a massive 15% Yield based on a Guide Price of £40,000 - PRICED TO SELL.
  • Sure to appeal to shrewd developer looking for a great opportunity or an owner occupier looking for an excellent commercial premises.
  • Property benefits from Gas central heating and double glazing which future proofs against incoming energy efficiency legislation.

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