Commercial property for sale in Inverkip Road, Greenock PA16
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Property features
- 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
Property description
Strapline
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
Description
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.
Location
- Greenock West Station - 0.1 miles
- Central Greenock - 0.6 miles
By Rail
- Glasgow Central - 44 mins
Tenancy
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.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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