Summary - DE GEES, 3-5, WEST STEWART STREET PA15 1SN
1 bed 1 bath Commercial Property
Vacant street-facing unit with strong footfall — refurbishment and auction sale, ideal for investors or hospitality operators..
- Vacant open-plan 1980s retail unit with former cafeteria fit-out
- Potential rental income £700–£800 pcm (estimate)
- Sold at timed online auction; guide price £115,000
- Requires refurbishment; marketed as a fixer-upper
- Located on a high-footfall street near transport and shops
- Area classed as very deprived; trading risk to consider
- Tenure unknown — legal checks required before purchase
- Good mobile signal and fast broadband; no flood risk
A vacant, street-facing commercial unit in central Greenock offered for auction at a guide price of £115,000. The open-plan 1980s retail space was previously fitted as a cafeteria with an open kitchen, roller shutters and parking/drive-through access — a clear starting point for a hospitality operator or investor. High passing footfall and close proximity to local shops and transport add practical trading advantages.
The property is being sold as seen and will require refurbishment to reach occupier-ready standard; descriptions note a fixer-upper condition typical of 1980s concrete construction and glass roofing. Tenure is unknown and the sale will proceed via timed online auction — buyers should allow time for due diligence and factor in renovation and legal checks.
Estimated rental value of £700–£800 pcm is suggested, which would deliver attractive gross yield potential if achieved at the guide price. However, note the location is in a very deprived neighbourhood with 'hard-pressed flat dwellers' local classification, which may affect long-term footfall and rental resilience. Mobile and broadband signals are strong, and there is no flood risk recorded.
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