A rare opportunity is available to purchase the freehold of the Victoria Boxing Club within Port Glasgow town centre through Bowman Rebecchi - The Home of Property.
The subjects provide three studios, a hall to the left of the entrance with two further side rooms, the Boxing Club which has the vast majority of the front section of the building, and Flex UK Studios which occupy the first floor.
This flexible space also provides a reception area, kitchen, toilet facilities and is currently fully let.
Entry is from the side of the building, with roller shutters to retain security.
The unit is open and bright, with our client having owned it for several years and maintained the property superbly well. To the rear is a communal fire exit, leading to the external rear of the building in the case of fire.
The subjects generate an annual rental income of £18,600 - further details can be provided to any interested parties.
Sensibly priced, this unit is likely to appeal to a wide range of occupiers looking for a fantastic investment within Port Glasgow Town Centre.
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi.
Location
A VIBRANT LOCATION
The subjects are accessed from Glen Avenue and are next to St John's Primary School. Access to Port Glasgow Town Centre and the A8/M8, which are adjacent to the property but separated by the railway line, are a short walk/drive.
Port Glasgow’s population is approximately 16,617 and has undergone a regenerative transformation over the past decade to become a vibrant town on the banks of the River Clyde, within the authority of Inverclyde Council.
With a rich heritage within the shipbuilding industry, the town continues to build ships at the nearby Ferguson Shipyard, nationalised by the Scottish Government in 2019.
The town is reaping the benefits of having a large retail park constructed adjacent to the subjects by Ediston, with tenants including Tesco, M&S, Next, B&Q, B&M, Aldi and McDonald’s.
Port Glasgow benefits from excellent road and rail links and is accessed via junction 31 of the M8 motorway with direct links to Paisley and Largs via the A8 and A78.
Accommodation
MEASUREMENTS
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
Total - 65 sq m / 700 sq ft
Terms
Rates - From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £480. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.
EPC - A copy of the Energy Performance Certificate is attached above and available upon request.
Entry - Early entry is available.
Price - Our client is seeking offers over £180,000 exclusive of VAT for their heritable interest, which is inclusive of all fixtures, fittings, and equipment as shown.
Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
Terms - Each party is to be responsible for its legal costs and outlays, including VAT incurred.
For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.