A Well Positioned Retail Investment Let to Bonmarché Limited Producing £38,000 per annum (Excluding VAT).

The property comprises a mid terrace building arranged as a ground floor retail unit with ancillary accommodation to the first floor.

Tenure

Heritable

Location

The property is situated on a primary shopping parade in Greenock town centre and a short walk from Oakmall Shopping Centre. Nearby multiples include Yorkshire Building Society, Greggs and Iceland. Transport links are provided by both Greenock West and Greenock Central rail stations.

The lease commencing April 2003 to April 2018 has been extended pursuant to a minute of variation to increase the lease by 5 years until April 2023 with the option to determine the lease in April 2021. The rent has been re-based from £65,000 per annum to £38,000 per annum (Ex VAT). The minute of variation includes a rent free period from April 2021 to July 2021 on condition that the tenant does not apply to determine the lease in April 2021.

VAT

VAT is applicable (TOGC available)

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.