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Guide Price
£300,000 Guide Price

Unit 2 – 25B West Stewart Street, Greenock, PA15 1SN

194416012

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Ownership

Freehold

Occupation

Bedrooms

Council Tax

Legal Pack
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Legal-Pack.pdf

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Legal Pack
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Tenanted Commercial Property

Details

Property Summary

  • Prime Property Auctions New Entry. Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale.  
  • Property is currently tenanted at £35,000 per annum and is paid quarterly.  

  • Rental potential of £40,000 - £45,000 per annum. Massive potential from retail units at present. Sure to appeal to investors.   
  • Property is currently tenanted and provides a 9.3% gross yield based off a guide price of £375,000. 

 
  • ***Generous Retail Unit*** Property extends to 18363.23 square feet (1706 squared meters). Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors.   

Prime Property Auctions New Entry. Generous Commercial Property located in the city centre of Greenock. Priced for Auction Sale.  

 

Sports Direct occupy the ground, first and second floors with a multistorey car park above.

Property currently produces an annual return of £35,000 which is paid quarterly with the lease expiring in October 2025.
 

Property has potential to achieve £40,000 - £45,000 which would give a gross yield of 10.67% - 12% if achieved for a purchase price of £375,000. Sure to appeal to a shrewd investor. 

Quality lease with blue-chip tenant providing a benchmark for a highly sought after location. Sure to attract tenants alike. 

***Generous Retail Unit*** Property extends to 18363.23 square feet (1706 squared meters). Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors. 

Quality lease with blue-chip tenant providing a benchmark for a highly sought after location. Sure to attract tenants alike. 

Sports Direct occupy the ground, first and second floors.

Massive potential from retail units at present. Sure to appeal to investors. The seller will consider early offers prior to the auction date.

***Generous Retail Unit*** Property extends to 18363.23 square feet (1706 squared meters). Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors. 

Rarely available auction property located in the city centre of Greenock. Retail property is in high demand at present and this property is sure to gain a lot of interest. Be sure not to miss out on this opportunity.

Potentially high yielding commercial investment property.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Introducing a remarkable commercial property located in the heart of Greenock. This exceptional offering presents an outstanding opportunity for businesses seeking a strategic and bustling location to establish or expand their operations. Boasting a prime position within this vibrant community, the property is perfectly suited for a wide range of commercial ventures.

Situated in a thriving area with a high volume of foot traffic, this commercial space enjoys excellent visibility and exposure. The surrounding neighbourhood is characterized by a mix of residential and commercial developments, creating a dynamic and vibrant atmosphere that attracts a diverse customer base. 
Deposit & Fee Calculator

10%, minimum deposit £3,000

3% + VAT with a £4,000 minimum fee (inc VAT)

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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.

Property Features

  • Prime Property Auctions New Entry. Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale.  
  • Property is currently tenanted at £35,000 per annum and is paid quarterly.  
  • Rental potential of £40,000 - £45,000 per annum. Massive potential from retail units at present. Sure to appeal to investors. 
  • Property is currently tenanted and provides a 9.3% gross yield based off a guide price of £375,000. 
  • ***Generous Retail Unit*** Property extends to 18363.23 square feet (1706 squared meters). Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors.  

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