41 Hamilton Way Greenock Inverclyde PA15 1RQ

41 Hamilton Way
Greenock
Inverclyde
PA15 1RQ

Heritable Retail Investment

  • Entirely let to Wilkinson Hardware Stores Limited until 2025 (no breaks)
  • Prominent position within the Oak Mall Shopping Centre in Greenock town centre
  • Approximately 24,760 sq ft and a passing rent of £6.05 per sq ft (GIA)
  • Adjacent to Primark and Boots the Chemist and close to Marks and Spencer and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    43
  • Auction
    13th October 2016
  • Rent
    £150,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Entirely let to Wilkinson Hardware Stores Limited until 2025 (no breaks)
  • Prominent position within the Oak Mall Shopping Centre in Greenock town centre
  • Approximately 24,760 sq ft and a passing rent of £6.05 per sq ft (GIA)
  • Adjacent to Primark and Boots the Chemist and close to Marks and Spencer and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 43
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £1,350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

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 town has a population in the region of 42,000 people and a primary catchment of approximately 100,000 people. The property is situated in the Oak Mall a fully enclosed 283,000 sq ft shopping centre which is located at the eastern end of West Blackhall Street in the town centre. Major tenants within the shopping centre include Marks & Spencer, Boots, New Look and Primark.

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 town has a population in the region of 42,000 people and a primary catchment of approximately 100,000 people. The property is situated in the Oak Mall a fully enclosed 283,000 sq ft shopping centre which is located at the eastern end of West Blackhall Street in the town centre. Major tenants within the shopping centre include Marks & Spencer, Boots, New Look and Primark.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a modern L-shaped retail unit at ground floor with a large stock room, staff and storage at first floor level. The main customer entrance is from Oak Mall with a secondary entrance at the rear from Charles Place. Charles Place links to Greenock Bus Station via an underground walkway.

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 modern L-shaped retail unit at ground floor with a large stock room, staff and storage at first floor level. The main customer entrance is from Oak Mall with a secondary entrance at the rear from Charles Place. Charles Place links to Greenock Bus Station via an underground walkway.

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 Review/(Reversion)  
Ground
First
Retail/Ancillary
Ancillary
1,447.58 sq m
852.79 sq m
(15,581 sq ft)
(9,179 sq ft)
WILKINSON HARDWARE
STORES LIMITED (1)

15 years from 21/04/2010 to 20/04/2025
on a full repairing and insuring lease
£150,000 21/04/2020  
Totals   2,300.37 sq m (24,761 sq ft)     £150,000    

(1) Wilkinsons opened their first store in Leicester in 1930. The company now has over 370 stores in the UK and trades as Wilko. For the year to 30 January 2016, Wilkinson Hardware Stores Limited reported a gross turnover of £1,464,475,000, a pre tax profit of £25,955,000 and has a net worth of £182,398,000. (Riskdisk 08/08/2016)

Property Documents

  • Site Plan
    Updated Date
    21.09.16
    File Size
    106 KB
    View PDF
  • Catalogue Page
    Updated Date
    21.09.16
    File Size
    842 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Pinsent Masons 141 Bothwell Street
Glasgow
G2 7EQ
Neil Hogg 0141 249 5417neil.hogg@pinsentmasons.com

Useful Links

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

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