Page 46 - Shepherd Commercial Auctions - Catalogue 07/12/2023
P. 46
Lot 35 19 West Stewart Street, Greenock, Renfrewshire PA15 1SN Retail Investment
Features
• Rare sale opportunity
• NIA 55.89 sq. m. (602 sq. ft.) • Passing rent £15,000 p.a.
Description
The subjects comprise of a ground floor retail unit contained within a commercial use development fronting onto West Stewart Street. The subjects benefit from an attractive glazed frontage with pedestrian access to the front with additional loading access to the rear.
The current sitting tenant has been in place for over 30 years with all rental payments up to date,
Location
Greenock, located on the Firth of Clyde, is the principal town within the Inverclyde Council area and together with the adjoining towns of Gourock and Port Glasgow, has a residential population of over 70,000 people.
The town has a wide range of amenities and benefits from good transport links by both road and rail. Glasgow is located around 25 miles northeast and is accessible via the M8 motorway.
The subjects are located on West Stewart Street, which hosts a wide variety of commercial occupiers, including Aulds Bakers, Semichem, and Sports Direct, as well as many other local traders.
Energy Performance Rating The property has an energy rating of E.
Tenancy
Tenant – Shivil LTD Break – N/A
Rent review- 05/08/2023 Expiry - 05/08/2032 Rent – £15,000 p.a
*Guide Price £125,000 (plus fees if applicable)
46 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,500 inc VAT(£2,083.33 plus VAT).
