30 Nicolson Street, Greenock, Renfrewshire, PA15 1UL

  • Unconditional Online Auction Sale
  • Guide Price* : £49,000

PRICE DROP : GUIDE PRICE WAS £65,000 - NOW £49,000. MASSIVE DISCOUNT! Superb investment opportunity in Greenock. Full two storey building in town centre - circa 1,950 square feet. Estimated rental return of 25%+ based on current and previous levels. First floor is tenanted, Ground floor currently vacant.

Description

SALE BY ONLINE AUCTION THURSDAY 22ND APRIL 2021 - Superb commercial development opportunity in Greenock. Full two storey building in town centre - circa 1,950 square feet. Estimated rental return of 25%+ based on current and previous levels. First floor is tenanted, Ground floor currently vacant.

· Rarely Available Commercial investment / Development Opportunity comprising Full Building in Heart of Greenock Town Centre*** The Property Comprises Vacant Ground Floor Retail premises (circa 910 sq ft) & Let 1st Floor Office: Circa (1030 sq ft)***Excellent Redevelopment potential*** Possible Combined Rental Levels of £16,000 per annum

· The ground floor premises were previously offered to let at £10,000 per annum and the 1st floor offices are let at £6000 per annum (10 year lease expiring in April 2021)***

· Excellent potential to re-let both units at a possible rental return of £16,000 per annum*** Achieving 25% rental return if re-let at current level for office and previously advertised rental for retail unit*** Potential alternative uses include HOT FOOD CONSENT for ground floor unit and residential upper floor (Subject to consents)***

· 20-24 West Blackhall St Sold £235k (May 17)***48 West Blackhall St Sold £230k (March 20)***1 West Blackhall St Sold £145k (May 20)***34 West Blackhall St Sold £127.5k (June 20)*** Nicholson Street is a continuation of West Blackhall Street***

· This property would make an ideal investment opportunity***Estimated rental return of 25%+ at current & previous levels***Seldom available***Excellent asset management potential**2 Storey Building** Heart of Town Centre Near train station & Court Buildings***

***FIRST TIME AVAILABLE AT ONLINE PROPERTY AUCTION SCOTLAND*** Full 2 storey Building in heart of Greenock Town Centre***Fantastic Location Near to Multiple National Operators***Affordable Property in Prime Position*** The Property Comprises Vacant Ground Floor Retail premises (circa 910 sq ft) & Let 1st Floor Office: Circa (1030 sq ft)***Excellent Redevelopment potential*** Possible Combined Rental Levels of £16,000 per annum***The ground floor premises were previously offered to let at £10,000 per annum and the 1st floor offices are let at £6000 per annum (10 year lease expiring in April 2021)***Excellent potential to re-let both units at a possible rental return of £16,000 per annum*** Achieving 25% rental return if re-let at current level for office and previously advertised rental for retail unit*** Potential alternative uses include HOT FOOD CONSENT for ground floor unit and residential upper floor (Subject to consents)*** Greenock offers Superb motorway links via Port Glasgow to the A8 and M8 Motorways serving Paisley, Glasgow Airport and Glasgow City Centre. Close to 3 Train Stations including Greenock Central***

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Bidding Opens On
22nd Apr 2021 09:00
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