From
£105,000
Property for saleInverkip Road, Greenock PA16
Auction
About this property
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
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
By Rail
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.
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.
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