Summary

• Prominent position on Largs shore front
  
• New shop with potential to split in to two units
  
• Class 3 consent with potential for other uses
  
• Gross internal area of 249 sqm (2,683 sqft)
  
• First year 100% rates relief available
  
• Rent £40,000pax, or, offers over £395,000
  
• If split, rent £20,000pax, or, offers of £200,000 per unit

Location

Gallowgate Street is part of the busy A78on Largs shore front with the property having uninterrupted views across Largs Bay to the Isles of Cumbrae and Bute. There is on street and public car parking in front of the property.

Occupiers nearby include a JD Wetherspoons, Costa, Co Op and Nardinis, one of Scotland’s most famous cafés. The Isle of Cumbrae ferry terminal with over 750,000 passengers per year and Largs railway station, are a short walk away.

Largs is town of high amenity with 11,000 residents and is located on Scotland’s West Coast, around 33 miles south west of Glasgow and 15 miles south of Greenock.

Description

80 Gallowgate Street is a double fronted retail unit contained within a five storey block built in 2019. The unit is in shell condition awaiting tenant fit out and, if reuired, can be split to form two self-contained retail units. There are two parking spaces to the rear of the building.

The property has the benefit of class 3 consent and is also suitable for retail and class 2 professional service uses.

The property has a gross internal floor area of 249 sqm (2,683 sqft) with potential to split in to units of 127 sqm (1,367 sqft) and 115 sqm (1,238 sqft).

The rateable value is £25,750 with the first year of occupation benefiting from full rates relief.

If split, the units will require to be re-assessed with potential for rates relief, subject to status.

Rent of £40,000pax, or, freehold offers over £395,000 are invited for the full property.

If split, rents of £20,000 pax, or, freehold offers of £200,000 are invited per unit.

Prices are quoted exclusive of VAT, which does apply.

Each party will be responsible for their own legal costs with any incoming Tenant(s) responsible for LBTT, registration dues and any outlays incurred.

EPC rating upon request.