31A, B, C & D Nicholson Street, Greenock, PA15 1UL
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Key features
- Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area within Greenock, Scotland.
- *** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
- Would suit a shrewd commercial investor looking for instant cashflow as well as the opportunity to maximise rents with the vacant element of the portfolio - Units ALL qualify for 100% BUSINESS RATE
- The portfolio could command an annual rent of £37,000 giving it an impressive yield of 14-15% based on the guide price of £250,000. Would suit a commercial landlord looking for an easily lettable c
- Property comprises: 4 large shops, all come with fully kitted kitchen and w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location. The units have NO co
Description
- Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area within Greenock, Scotland.
- *** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
- Would suit a shrewd commercial investor looking for instant cashflow as well as the opportunity to maximise rents with the vacant element of the portfolio - Units ALL qualify for 100% BUSINESS RATES RELIEF.
- The portfolio could command an annual rent of £37,000 giving it an impressive yield of 14-15% based on the guide price of £250,000. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity.
- Property comprises: 4 large retail units, come with kitchen, w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location. The units have NO common repairs responsibility with building or roof with both also having recently renovated.
Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area of Greenock.
Property comprises: 4 large shops, all come with fully kitted kitchen and w/c facilities, electricity and secure entry. Properties benefit from good footfall in central location.
The units have NO common repairs responsibility with building or roof with both also having recently renovated.
The portfolio could command an annual rent of £37,000 giving it an impressive yield of 14-15% based on the guide price of £250,000. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity along with instant cashflow. Unit A has been occupied for over 15 years, giving it an incredible track record and reliability in income.
| Unit | Rent (Per Annum) | Current Rateable Value | Business Rates Exemption |
| 31A | £10,000 | £6,300 | Yes - 100% Discount |
| 31B | £9,000 | £5,400 | Yes - 100% Discount |
| 31C | Vacant | £5,700 | Yes - 100% Discount |
| 31D | Vacant | £6,400 | Yes - 100% Discount |
*** 30 Nicholson Street, Greenock, PA15 1UL previously sold for £365,000, 30 West Blackhall Street, Greenock, PA15 1UE previously sold for £425,000 ***
Portfolio is PRICED TO SELL and due for auction in our upcoming timed online auction. For details on registration please contact the team.
Portfolio is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Location:
Nicholson Street is a bustling hub of commercial activity in Greenock, Scotland. The street is characterized by its high footfall, with many people visiting the area to take advantage of its various shops, cafes, and other amenities. The street is home to a variety of businesses, including local shops, cafes, restaurants, and other service providers. This mix of commercial activity, combined with its central location, makes Nicholson Street a popular destination for both locals and visitors to the area. Whether you're looking to do some shopping, grab a bite to eat, or simply enjoy a stroll, Nicholson Street is a vibrant and bustling part of Greenock that is well worth a visit.
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31A, B, C & D Nicholson Street, Greenock, PA15 1UL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Greenock West Station0.3 miles
- Greenock Central Station0.5 miles
- Drumfrochar Station0.8 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
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Visit our security centre to find out moreDisclaimer - Property reference 188333182. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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