99-100 Shore St 765 sq ft 100% Let Retail Property Gourock PA19 1RB £165,000 (£215.69/sq ft) 8.15% Net Initial Yield

Investment Consideration:
VAT is NOT applicable to this property
Heritable investment. England`s equivalent to Freehold.
Shop No.99 let until 2036. No breaks. Rent review in 5th year linked to CPI
Comprises 2 ground floor shop t/a vape shop and organic & natural skincare producer
Situated on Shore Street, one of the principal arterial routes through Gourock, with occupiers nearby including SPAR and William Hill, amongst others.
Property Description:
Comprises two ground floor shops, providing the following accommodation and dimensions:
Ground Floor No.99: 17.88 sq m (192 sq ft)
Open plan retail, storage, wc
Ground Floor No.100: 54.20 sq m (583 sq ft)
Open plan retail, storage, wc
Tenancy:
No.99 is at present let to an Individual for a term of 10 Years from 5th March 2026 at a current rent of £4,800 p.a. and the lease contains full repairing and insuring covenants. Rent review 05.03.31 linked to CPI. No breaks. Deposit held of £800.
No.100 is at present let to Caledonia Life C.I.C. for a term of 10 Years from September 2025 at a current rent of £8,640 p.a. and the lease contains full repairing and insuring covenants. Rent review in September 2030 open market upward only. Tenant option to determine in September 2028 and 2030. Deposit held of £2,160.
Location:
Gourock is an established coastal town in Inverclyde, approx 28 miles west of Glasgow and 3 miles west of Greenock. The town benefits from good road connectivity, with the A770 providing direct access to Greenock and connecting with the A8/M8 corridor towards Glasgow and the wider Central Belt. Gourock also benefits from regular rail services to Glasgow Central, together with ferry connections across the Firth of Clyde. The property is situated on Shore Street (A770), one of the principal arterial routes through Gourock, with occupiers nearby including SPAR, William Hill and more.