Retail premises for sale in 35-39 West Blackhall Street, Greenock, Renfrewshire PA15

Guide price £205,000
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Retail premises for sale

Property description

For sale by online auction Thursday 11th 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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Property info

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Online Property Auctions Scotland, and do not constitute property particulars. Please contact Online Property Auctions Scotland 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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