Greenock lies approximately 20 miles west of Glasgow and has a resident population of 50,000 persons.
The property occupies a prominent town centre location, with the unit offering return frontage at the junction of Nicolson Street and West Stewart Street. Nearby retailers include Sports Direct, Semi-Chem, Lloyds Pharmacy, Post Office and a number of local traders.
The property occupies a ground floor retail unit within a 3 storey building under a pitched and slated roof, with the upper floors given over to residential accommodation.
From our measured inspection we would confirm the property extends to the following areas and dimensions:
Gross Frontage: 14’ 7” (4.43 m)
Net Frontage: 11’ 0” (3.35 m)
Gross Return Frontage: 42’ 0” (12.8 m)
(West Stewart Street)
Net Return Frontage: 30’ 0” (9.14 m)
(West Stewart Street)
Ground Floor: 666 ft² (61.87 m²)
Mezzanine: 82 ft² ( 7.6 m²)
Total: 748 ft² (69.49 m²)
A copy of the Certificate is available upon request.
The property is offered to the market on the basis of a new full repairing and insuring lease for a period to be agreed, incorporating regular upward only rent reviews. Rental offers in the region of £8,250 per annum are sought.
The property is entered in the Valuation Roll as follows:
Description: Shop
Rateable Value (‘22/’23): £10,750
Qualifying parties may benefit from 100% rates relief under the Small Business Bonus Scheme. Due to the current pandemic any occupier will enjoy a rates free period until the 31st March 2022.
Each party to be responsible for their own legal costs, with the ingoing Tenant being responsible for SDLT together with any costs incurred by the Landlord.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly through this office.