£205,000

Retail premises for sale

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Auction

Guide price

£205,000

Retail premises for sale

35-39 West Blackhall Street, Greenock, Renfrewshire PA15

Local 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.

Features and description

For sale by online auction Thursday 25th July at 9.00AM. Large vacant commercial unit circa 11,314sq. Ft., in prime town centre location. Estimated end-market rental potential in the region of £40,000 per annum - incredible yield of 19.5% at Guide Price. Potential for conversion of upper floors to residential dwellings (STP).

Online Property Auctions Scotland are delighted to present this vast commercial unit, situated on a busy street in Greenock town centre. The property is nearby the Oak Mall shopping centre - one of Inverclyde's busiest shopping areas, with high daily foot traffic.

Set over 3 floors, the unit is circa 11,314sq. Ft. With rental potential in the region of £40,000 per annum. There is also potential to convert the upper floors to residential dwellings (subject to planning) as similar properties nearby have been.

Ground floor - 2,761 sq ft (256.50 sqm) First floor - 4,306 sq ft (400.00 sqm) Second floor - 4,247 sq ft (394.50 sqm) Total - 11,314 sq ft (1,051.00 sqm).

- Large commercial unit set over 3 floors
- Prime town centre location
- Estimated rental potential of around £40,000 pa
- Potential to convert upper floors to residential dwelling (STP)

Greenock is the largest town in Inverclyde and approximately 20 miles from Glasgow, making it a popular commuter town. With a population of roughly 45,000 people, there is high demand for residential property and commercial premises.

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  1. Zoopla
  2. Commercial for sale
  3. Inverclyde
  4. Greenock
  5. West Blackhall Street

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