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96-100 Cathcart Street, Let Public House and Diner Greenock
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Description
Established Town Centre GREENOCK LOCATION with Prominent CORNER Position over Ground & Basement. New tenancy 01st June 226 on a 5 year FRI Lease producing £15,000 per annum
WAS historically sold for £450,000. Internally the property is formed over a split level. approximately 325.15 sq m (3,500 sq ft) of accommodation on ground floor and basement.
PRIME CORNER SPOT with catchment population over 100,000 people. Neighbouring occupiers include the Head Post Office, Cafe Monza, Yorkshire Building Society, Greenock Town Hall.
Situated on the north side of Cathcart Street, at its junction with Cross Shore Street. EXCELLENT TRADING LOCATION***
Greenock is a town and administrative centre in the Inverclyde council area in Scotland and a former burgh within the historic county of Renfrewshire, located in the west central Lowlands of Scotland.
Internally the property is formed over a split level with large open plan bar and lounge with laminated timber floors, mixed of railed and pendant lighting. W.c facilities are situated within the basement along with large cooled cellar. Disabled w.c facilities are situated on ground floor. The property benefits from large kitchen and servery. The property is licenced by Inverclyde Licensing Board (No. 101)
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length:
Rent: £15,000 per year / £1,250 per month
Yield: 14% (approx)
Tenant: Company
Notes: Main Corp Property Lease start date 01st June 2026 Break 31st May 2031 Term End 31st May 2036 £15,000 per annum Class 3 Sui Generis
Maps & Location
Map Street View SatelliteGreenock is a town and administrative centre in the Inverclyde council area in Scotland and a former burgh within the historic county of Renfrewshire, located in the west central Lowlands of Scotland. It forms part of a contiguous urban area with Gourock to the west and Port Glasgow to the east.
Document Downloads
Pricing Information & Bidding
Opening Bid: £111,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 96-100Cathcart Street, Let Public House and Diner, Greenock