Property for saleInverkip Road, Greenock PA16
Local area information
- Greenock West 0.1 miles
- Ardgowan Primary School 0.3 miles
- St Patrick's Primary School 0.3 miles
- Drumfrochar 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- High Yielding Investment Opportunity
- Central Location
- Let on a New 15 Year Lease
- Producing £12,500 per annum
- Guide Price Reflects 12% Gross Yield
- No VAT
Auction Sale - 01/11/2023
Of Interest to Investors
Freehold Property Let on a New 15 Year Lease to a Private Individual Producing £12,500 per annum
The property comprises a former church nursery arranged across ground and first floors.
Situated on Inverkip Road in the commercial heart of Greenock and adjacent to Greenock West Station, the property is currently let as a Audio Production Studio and Workshop on a new 15 year lease producing £12,500 per annum.
The property includes a parking/yard area to the frontage with Inverkip Road and includes vehicular access from Orangefield Lane as well as pedestrian access to both the front and rear.
- Greenock West Station - 0.1 miles
- Central Greenock - 0.6 miles
- Glasgow Central - 44 mins
The property is let to a private individual on a new 15 year lease from 29th September 2023 paying a rent of £12,500 per annum. The lease in on full repairing and insuring terms and the tenant has paid a deposit equivalent to two months rent. There is a tenants break option in the 10th year of the lease.
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