Property photos
Auction
Freehold
Guide price
£250,000
Land for sale
31A, B, C & D Nicholson Street, Greenock PA15Local area information
Property location
Nearby amenities
- St Mary's Primary School 0.2 miles
- Cedars School of Excellence 0.3 miles
- Greenock West 0.3 miles
- Greenock Custom House Quay Ferry Terminal 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Greenock to find out more about the local area.
Features and description
- Freehold
- Prime Property Auctions New Entry. Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on a busy main street in a 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 cash flow 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 17% based on the guide price of £220,000. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity.
- The portfolio currently archives an annual rent of £33,400 giving it an impressive yield of 14% based on the guide price. Would suit a commercial landlord looking for an easily lettable commercial investment opportunity along with instant cash flow.
- 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 17% based on the guide price of £220,000. 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 17% based on the guide price of £220,000. 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.
Floor plans and tours
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More information
Listed by
Prime Property Auctions
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