120 West Blackhall Street Greenock PA15 1XR

120 West Blackhall Street
Greenock
PA15 1XR

Heritable Retail Investment

  • Let to Swinton Group Limited (2)
  • Prominent position on Greenock’s prime shopping thoroughfare
  • Nearby occupiers include Barnardo’s, Clydesdale Bank, British Heart Foundation and Farmfoods
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    86
  • Auction
    30th March 2017
  • Rent
    £13,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £90,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to Swinton Group Limited (2)
  • Prominent position on Greenock’s prime shopping thoroughfare
  • Nearby occupiers include Barnardo’s, Clydesdale Bank, British Heart Foundation and Farmfoods
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 86
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £90,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Greenock West (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation

Greenock has a diverse economy including construction and utilities, manufacturing, retailing and public sector. The property is situated in the prime shopping pitch within Greenock town centre. Greenock West and Greenock Central railway stations are close by, together with a number of bus routes serving the area. Nearby occupiers include Barnardo’s, Clydesdale Bank, British Heart Foundation and Farmfoods.

Tenure

Heritable. (Scottish Equivalent to English Freehold).

Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Greenock West (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation

Greenock has a diverse economy including construction and utilities, manufacturing, retailing and public sector. The property is situated in the prime shopping pitch within Greenock town centre. Greenock West and Greenock Central railway stations are close by, together with a number of bus routes serving the area. Nearby occupiers include Barnardo’s, Clydesdale Bank, British Heart Foundation and Farmfoods.

Tenure

Heritable. (Scottish Equivalent to English Freehold).

Description

The property comprises a ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
Retail
97.17 sq m
(1,046 sq ft)
SWINTON GROUP
LIMITED (1)

10 years from 21/03/2011 (2)
£13,000
20/03/2021
Total  
97.17 sq m
(1,046 sq ft)
    £13,000
 

(1) For the year ending 31 December 2015, Swinton Group Limited reported a turnover of £265,308,000, pre-tax profits of £18,535,000 and a total net worth of £167,419,000 (Source: Experian Group 27/02/2017).
(2) The tenant is not currently in occupation

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    523 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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