Summary - 3-5 West Stewart St, Greenock PA15 1SN PA15 1RJ
1 bed 1 bath Restaurant
Vacant freehold restaurant in busy Greenock location — auction sale, scope to add value.
Freehold vacant restaurant unit with open-plan cafeteria and storage
Guide price £99,000 — sale via timed online auction (fast timetable)
Prime town-centre position with high passing footfall and good transport links
Vacant and ready for re-fit, but requires maintenance and refurbishment works
Area classified as very deprived; impacts customer mix and trading potential
Mobile signal excellent; broadband speeds reported as slow
Flood risk: none recorded
Conflicting rental guidance in materials — ranges quoted weekly and monthly; commission independent rent advice
This vacant freehold restaurant at 3–5 West Stewart Street, Greenock, is a straightforward commercial opportunity in a high-footfall town-centre position. The ground-floor open-plan cafeteria with open kitchen and storage is ready for conversion or immediate re-fit, suitable for an owner-operator or an investor seeking rental income. The property will be sold at auction and is offered at a guide price of £99,000, reflecting potential upside for a purchaser prepared to act quickly.
The location benefits from strong passing trade and proximity to multiple amenities and transport links. Mobile signal is excellent, and flooding risk is recorded as none. The building is described as vacant and ready for immediate use, but it requires maintenance and some refurbishment to reach trading standard — a realistic prospect for buyers aiming to add value through investment or fit-out.
Reported rental estimates vary in the sales information: weekly and monthly figures are quoted (see key points). Buyers should treat rental projections as indicative and commission independent market rent advice. The property sits in a very deprived local area classification, which will affect takings and tenant profiles; consider this when modelling yield and operating costs.
This lot is being offered at auction, so purchasers should be prepared for a fast timetable, complete pre-sale due diligence, and budget for refurbishment, potential professional fees and any auction-related costs. The property will suit commercial investors seeking yield or an operator wanting a low‑entry-cost town‑centre hospitality unit with scope to improve income through active management.
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