The Freehold of this high-potential former bank and flexible unit in Port Glasgow town centre is available to purchase. A rare opportunity, this large unit is suitable for a range of uses and is available to purchase through Bowman Rebecchi - The Home of Property.
The property was previously a TSB Bank branch and closed in 2020 following the bank’s withdrawal from Port Glasgow.
The subjects are set across two floors, with the ground floor still in the same configuration as the bank, with several small partitioned rooms as well as a large main floor space.
On the first floor is a larger open-plan space, with an additional kitchen and welfare facilities, all accessed via a staircase. The property could easily be split into two separate units units, subject to planning.
Entry is from Princes Street via electric roller shutters, with an additional side entrance which could be adapted for loading and/or distribution or act as an entrance for the first floor.
Sensibly priced, this unit is likely to appeal to a wide range of investors, with Princes Street in close proximity to Port Glasgow Retail Park and Port Glasgow Railway Station.
This is a fantastic space for a business to position itself, with a prominent and highly visible site within Port Glasgow Town Centre.
Please contact Bowman Rebecchi for further information - further pictures are to follow.
PLANNING
In January 2024, Inverclyde Council’s planning department agreed to the installation of new shopfronts for the property. There is also a permitted change of use to Class 1 (retail).
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi.
Location
The subjects are accessed from Princes Street at the heart of Port Glasgow town centre, with the railway station a 3-minute walk further along Princes Street.
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
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows: Total - 208 Sq M | 2,238 sq ft
Terms
Rates - From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £12,700. The property qualifies for 82.5% rates relief through the Small Business Bonus Scheme, subject to occupier status.
EPC - A copy of the Energy Performance Certificate is available above.
Entry - Early entry is available.
Price - Offers of over £180,000 are invited exc. VAT with each party is to be responsible for its legal costs and outlays, including VAT incurred.
Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.