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
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