Asking Price
Area Size
NOI Net Operating Income
Cap Rate
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Property Reference Number 119001096
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Long Income Retail Investment Opportunity Let to B&M 

Investment highlights

  • Long income investment opportunity located in Greenock town centre.
  • Highly prominent single let retail premises extending to (3,863.2 sq m) 41,583 sq ft along with approximately 190 car parking spaces as well as servicing facilities.
  • Let to B&M Retail Ltd (Creditsafe Rating: 94A) until 30th August 2032, therefore providing over 10.5 years unexpired lease term.
  • Current passing rent of £270,532 p.a., which equates to a low passing rent of £6.50 per sq ft.
  • The rent is subject to 5 yearly RPI linked rent reviews.
  • The vendor will ‘top up’ the rent to the next review on 31st August 2022, equating to £329,911 p.a. reflecting the expected increase to the RPI linked cap.
  • Heritable tenure (Scottish equivalent of English Freehold).
Last Updated Date: 26 Nov 2021

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Last Updated Date: 26 Nov 2021

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