Property for sale

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Property for sale

31A, B, C & D Nicholson Street, Greenock, PA15 1UL
£220,000

Our Summary

  • Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area within Greenock, Scotland
  • Would suit a commercial landlord looking for an easily lettable commercial investment opportunity
  • Incredible Instant-Cash flowing Investment Opportunity - 4 x Commercial Units on busy main street in popular area of Greenock
  • Would suit a commercial landlord looking for an easily lettable commercial investment opportunity along with instant cashflow
  • UnitRent (Per Annum)Current Rateable ValueBusiness Rates Exemption31A£10,000£6,300Yes - 100% Discount31B£9,000£5,400Yes - 100% Discount31CVacant£5,700Yes - 100% Discount31DVacant£6,400Yes - 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

Description

Prime Property Auctions is offering an incredible investment opportunity in Greenock, Scotland with a portfolio of four commercial units on a busy main street. The units have a combined annual rent of £37,000, yielding an impressive 14-15%. The properties are fully occupied and have recently been renovated, with no common repairs responsibility. The portfolio is priced to sell and due for auction in an upcoming timed online auction. The properties are available for immediate purchase and can be purchased via an online offer form. Located in a central and vibrant area of Greenock, Nicholson Street is a hub of commercial activity with high footfall and a variety of businesses. This investment opportunity offers a shrewd commercial investor the chance for instant cashflow and the opportunity to maximize rents with the vacant element of the portfolio.
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