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Property for sale
Nicholson Street, Greenock PA15
£220,000
Nicholson Street, Greenock PA15
£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
The Prime Property Auctions new entry is an incredible investment opportunity in Greenock, Scotland. The portfolio consists of four commercial units on a busy main street with high footfall, offering instant cash flow and the potential to maximize rents. The units are fully kitted with kitchen, w/c facilities, electricity, and secure entry, and benefit from recent renovations with no common repairs responsibility. The portfolio could command an annual rent of £37,000, yielding 14-15%, and is priced to sell with a guide price of £250,000. The properties have 100% business rates relief, and Unit A has been occupied for over 15 years, providing stability and reliability in income. The portfolio is available for immediate purchase and is due for auction in an upcoming timed online auction.