Auction Venue Radisson Blu Portman Hotel 22 Portman Square 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 benefits from its proximity to Glasgow city centre and Glasgow International Airport (16 miles east). The property is situated within Greenock town centre, to the east of the Oak Mall Shopping Centre. Greenock West and Greenock Central Railway Stations are close by, together with a number of bus routes serving the area. Nearby occupiers on Cathcart Street include Greenock Central Library, The Post Office and Inverclyde Career services together with a number of bars and restaurants.
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 benefits from its proximity to Glasgow city centre and Glasgow International Airport (16 miles east). The property is situated within Greenock town centre, to the east of the Oak Mall Shopping Centre. Greenock West and Greenock Central Railway Stations are close by, together with a number of bus routes serving the area. Nearby occupiers on Cathcart Street include Greenock Central Library, The Post Office and Inverclyde Career services together with a number of bars and restaurants.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a ground floor entrance area with ATM
leading to a banking hall on the first floor and second floor office
accommodation. The property also benefits from a car parking area
to the rear.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 ground floor entrance area with ATM
leading to a banking hall on the first floor and second floor office
accommodation. The property also benefits from a car parking area
to the rear.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Review
Ground First/ Second
Banking Hall/Ancillary
652.73 sq m
(7,026 sq ft)
NATIONAL WESTMINSTER BANK PLC (1) (t/a RBS)
21 years from 09/06/2005 until 23/06/2026 on a full repairing and insuring lease
£54,000
26/06/2020 (2)
Totals
652.73 sq m
(7,026 sq ft)
£54,000 rising to a minimum of £58,050 p.a in 2020
(1) National Westminster Bank plc is a wholly owned subsidiary of Royal Bank of Scotland plc who have a market capitalisation rate of £43bn and are 81% owned by HM Government. (Source: www.natwest.com & www.rbs.com) (2)The 2020 rent review provides a minimum rental uplift to £58,050 per annum.
