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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

PRIME INVESTMENT comprising 1,367 sq ft commercial premises *** Hot food take away restaurant. *** Held on F.R.I Lease Expiring 2034 Rental £10,000 pa Increasing to £12,000pa VAT FREE PURCHASE

Net Internal Area: Floor - 127 Sq.m (1,367 Sq.Ft). The property provides a large main floor. The premises are wheelchair friendly, with a ramp to enable access at the front and rear exits.

Outstanding double retail unit situated in the heart of Greenock town centre, providing high-visibility and a captive footfall on Kilblain Street as part of The Stewart Centre at Greenock Bus Station.

The property has been refurbished by the tenant to include plastered and painted walls with new floor coverings, with the added benefit of an air conditioning system. Lighting is provided by of L.E.D.

Greenock Ocean Terminal - 10 Minute Walk - Greenock Bus Station - 1 Minute Walk - Greenock Oak Mall - 2 Minute Walk - Greenock West Railway Station - 10 Minute Walk - Glasgow International Airport.

PRIME INVESTMENT comprising 1,367 sq ft commercial premises *** Hot food take away restaurant. *** Held on F.R.I Lease Expiring 2034 Rental £10,000 pa Increasing to £12,000pa VAT FREE PURCHASE Net Internal Area: Floor - 127 Sq.m (1,367 Sq.Ft). The property provides a large main floor. The premises are wheelchair friendly, with a ramp to enable access at the front and rear exits. Outstanding double retail unit situated in the heart of Greenock town centre, providing high-visibility and a captive footfall on Kilblain Street as part of The Stewart Centre at Greenock Bus Station. The property has been refurbished by the tenant to include plastered and painted walls with new floor coverings, with the added benefit of an air conditioning system. Lighting is provided by of L.E.D. Greenock Ocean Terminal - 10 Minute Walk - Greenock Bus Station - 1 Minute Walk - Greenock Oak Mall - 2 Minute Walk - Greenock West Railway Station - 10 Minute Walk - Glasgow International Airport.

The property is located on Kilblain Street, just a one-minute walk from Greenock Bus Station and with buses headed across the west coast of Scotland on its doorstep. The premises are also a two-minute walk to Greenock's principal retail area of the town, the Oak Mall and West Blackhall Street. Other enterprises located nearby include B&M, The Range, Ardgowan Hospice, convenience stores, cafes, hairdressers, restaurants, takeaways, clothing stores and gift stores. This is a well-connected business hub, with Greenock West train station only a five minutes walk as well as connecting ferry services to Argyll and Bute a ten minutes drive. There are bus stops adjacent to the property also to Glasgow, Gourock and North Ayrshire with on-street parking within the vicinity.

Full Address: 16-18 Kilblain Street, Tenanted Investment, Greenock, PA15 1SR

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £10,000 per year / £833 per month
Yield: 14% (approx)
Tenant: Company
Notes: Tenant: Personal name Expiry: 29th October 2034 Tenant Break: October 2029 Passing Rent: £10,000p.a.x Increasing to £12,000p.a.x in October 2026 until Review in 2029

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Pricing Information & Bidding

Opening Bid: £72,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 17 July 2025, 10am-3pm
Type: Timed Online Auction

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