Prominent position in Greenock’s prime shopping thoroughfare
Nearby occupiers include Burger King, Yorkshire Building Society and Iceland
Approximately 401.98 sq m (4,327 sq ft) over ground and first floors
Six Week Completion Period
Lot 12
Auction 12th February 2015
Rent
Status Sold
Price £462,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Heritable Creditor in Possession
Property Information
Location
Miles
2 miles west of Port Glasgow
22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Railway Stations (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 a short distance from the Oakmall Shopping Centre. Greenock West and Greenock Central railway stations are close by together with a number of bus routes serving the area. On West Blackhall Street nearby occupiers include Greggs, Bright House, Coral and Betfred.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
2 miles west of Port Glasgow
22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Railway Stations (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 a short distance from the Oakmall Shopping Centre. Greenock West and Greenock Central railway stations are close by together with a number of bus routes serving the area. On West Blackhall Street nearby occupiers include Greggs, Bright House, Coral and Betfred.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a self-contained retail unit arranged over ground and first floors. The ground floor is predominantly used for sales with the first floor used for storage and staff areas.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a self-contained retail unit arranged over ground and first floors. The ground floor is predominantly used for sales with the first floor used for storage and staff areas.
VAT
VAT is not applicable to this lot.
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 First
Retail Ancillary
279.35 sq m 122.63 sq m
(3,007 sq ft) (1,320 sq ft)
BONMARCHÉ LIMITED (1)
15 years from 28/04/2003 on a full repairing and insuring lease
£65,000
27/04/2018
Totals
401.98 sq m
(4,327 sq ft)
£65,000
(1) For the year to 29/03/2014, Bonmarché Limited reported a turnover of £164,294,000, pre tax profit of £9,467,000 and a net worth of £14,651,000. (Source: www.riskdisk.com 16.01.2015).