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Description
Stand Alone Retail Parade Let To Domino’s, Greggs & Convenience Store with Total Passing Rent of £92,300pa.
Centre of Residential Area with High Passing Trade. The property has been elected forV.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concem).
The property comprises three well-presented units let to established national and regional occupiers including Domino’s, Greggs and a Nisa Local convenience store, all held on long-term leases.
Benefitting from private parking and high passing trade on a key arterial route, this asset offers secure income and long-term growth potential. Available on a freehold basis for £1,450,000.
A modern, fully let retail parade investment situated within a strong residential catchment in Greenock, generating a passing rent of £92,300 per annum.
The development is of modern steel framed portal construction forming 3 no individual commercial units, originally developed to form 4. Each with aluminium framed and glazed frontages. The development benefits from 14 no dedicated private parking spaces to the front common to the demise. The development also includes a sub-station held on lease to Last Mile Electricity Limited until 28th November 2018. Unit 1 Tenant: D.P Realty Ltd t/a Dominos Pizza Expiry: 14th November 2039 Rent Review: 15th November 2029 Area: 1,250sg ft Passing Rent: £28,125p.?? Further: The premises have been fitted out in accordance with Dominos Pizza corporate specification with ceramic tile flooring, open plan kitchen and customer area with partitions erected to the rear to form stores. office and staff w.c/break area. Dominos Pizza is one of the world's leading pizza chains and trades from in excess of 1,200 units across the UK DP Realty Ltd (company no. 2882513) reported net assets of £7,310,000 for the financial year end December 2024, Unit 2 Tenant: Greggs Plc Expiry: 19th January 2035 Rent Review: 20th January 2030 Area: 1,350sq ft Passing Rent: £30,375p.a.x Further: Greggs is the UK's premier bakery food on the go retailer with over 2,000 shops. Greggs reports a Im annual turnover of £2.151bn for the 52 weeks ended 27 December 2025 reportinga pre-tax profit of over £167m. Greggs are actively expanding year on year to include drive-thru, pod and high street locations. Unit 3&4 Tenant: HA Retail Limited Expiry: 6th January 2040 Rent Review: 7th January 2030 Area: 1,400sq ft Passing Rent: £33,800p?? Further:The premises operates as Nisa Local convenience store. The operators have several stores in Inverclyde and Greater Glasgow.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: Various
Rent: £92,300 per year / £7,692 per month
Yield: 8% (approx)
Tenant: Company
Notes: A modern, fully let retail parade investment situated within a strong residential catchment in Greenock, generating a passing rent of £92,300 per annum. The property comprises three well-presented units let to established national and regional occupiers including Domino’s, Greggs and a Nisa Local convenience store, all held on long-term leases.
Maps & Location
Map Street View SatelliteThe subjects occupy a prominent position on the West side of Auchmead Road close to its junction with Inverkip Road. Inverkip Road is a main thoroughfare linking Greenock, Inverkip, Wendy's Bay & Largs. The site is situated approx 2miles from Greenock town centre, which is the administrative centre for Inverclyde.With a population of over 50,000persons,the town benefits from a core catchment in excess of 270,000.
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Pricing Information & Bidding
Opening Bid: £1,100,000
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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 = 3% of Sale Price (Minimum £4,000 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 1Auchmead Road, Full Retail Parade, Greenock