Roxburgh House 102-106 Roxburgh St 15,647 SF 13% Leased Office Building Greenock PA15 4JT £325,000 (£20.77/SF) 25% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Impressive building set across 4 floors
  • Fire and intruder alarms in-situ
  • 5 minute walk from Greenock West train station
  • Lift access
  • West End of Greenock location

EXECUTIVE SUMMARY

This traditional brick building is available to buy and is suitable for a range of uses (subject to planning). Located on Roxburgh Street in the west end of Greenock, this impressive building is set across four floors, offering a range of opportunities including offices, hospitality, leisure and storage (subject to planning).
This rarely available building is located in the west end of Greenock, providing secure access to a range of business uses and a warm environment for businesses to welcome clients from street level with an internal lift system.
The subjects are located on Roxburgh Street in Greenock and were previously used by a social housing provider to welcome customers hence the corporate layout.
With a range of meeting rooms, storage rooms and open plan areas, the property provides a range of uses for businesses or as a function suite.
The entrance is from the street level, with roller shutter security at the main door. The property has both fire and intruder alarms in situ, with electric, gas and water supplies split across each floor.

ACCOMMODATION
Floor - 1,453 sq m - 15,645 sq ft
TERMS
Rates - The property is still to be split on the Assessor's website. We note the subjects are in the current Valuation Roll with a Rateable Value of £77,000 for the entire building.
EPC - Available upon request
Entry - Our client is flexible to accommodate requests.
PRICING
Offers are invited for the purchase of our client's freehold in the property.
Parties should register their interest in writing to Bowman Rebecchi.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax
For further information concerning the opportunity, please contact Bowman Rebecchi.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Building Size
15,647 SF
Building Class
C
Year Built
1925
Price
£325,000
Price Per SF
£20.77
Net Initial Yield
25%
NOI
£81,250
Percent Leased
13%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,911 SF
Building FAR
1.28
Lot Size
0.28 AC

AMENITIES

  • Roller Shutters
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Basement
  • 4,670 SF
  • Light Industrial
  • Shell Space
  • Now

There is 15,645 sq ft of office space available for lease over four floors. Business rates to be reevaluated in event of subdivision.

  • Ground
  • 2,050 SF
  • Office
  • Partial Build-Out
  • Now

There is 15,645 sq ft of office space available for lease over four floors. Business rates to be reevaluated in event of subdivision.

  • 1st Floor
  • 2,050 SF
  • Office
  • Partial Build-Out
  • Now

There is 15,645 sq ft of office space available for lease over four floors. Business rates to be reevaluated in event of subdivision.

  • 2nd Floor
  • 4,843 SF
  • Office
  • Partial Build-Out
  • Now

There is 15,645 sq ft of office space available for lease over four floors. Business rates to be reevaluated in event of subdivision.

Space Size Space Use Condition Available
Basement 4,670 SF Light Industrial Shell Space Now
Ground 2,050 SF Office Partial Build-Out Now
1st Floor 2,050 SF Office Partial Build-Out Now
2nd Floor 4,843 SF Office Partial Build-Out Now

Basement

Size
4,670 SF
Space Use
Light Industrial
Condition
Shell Space
Available
Now

Ground

Size
2,050 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor

Size
2,050 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Floor

Size
4,843 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now
  • Listing ID: 24166565

  • Date on Market: 25/09/2021

  • Last Updated:

  • Address: 102-106 Roxburgh St, Greenock PA15 4JT