Inverclyde businessmen, Sandy and James Easdale have added another prominent local property to its growing property portfolio.
The McGill’s Buses owners have emerged as the new proprietors of the former Port Glasgow jobcentre building in Scarlow Street.
The property was initially put up for auction earlier this year with a guide price of £275,000.
It has been empty for over two years since the Department for Work and Pensions (DWP) closed the Port jobcentre in October 2017, with staff and services moving to the Greenock office.
The two-storey block first went to auction in May this year but failed to sell. A closing date of September 11 was then set for interested parties to make a bid for the building.
A representative of the Easdale brothers confirmed that they now own the property and it has now been made available to rent.
Andrew Bowman, Managing Director of Greenock-based ARB Growth, who is marketing the building, said:
“These exceptional ground and first-floor office spaces provide high-visibility for businesses in the newly regenerated Port Glasgow town centre.
“The office suite was most recently occupied by the jobcentre and, as a result, is fitted out in a corporate manner which could be easily sub-divided.
“This is a rare and highly prominent site for businesses and unsurprisingly, we have already received an interest in the site. We welcome any additional interested parties to get in contact.”
The 21,065 sq ft building was built in 1923 and provide 25 private parking spaces to the rear.
It was previously owned by London-based Telereal Trillium – one of the UK’s largest property companies.
The former PortvGlasgow job centre is the latest high-profile Inverclyde site to be snapped up by the Easdale family’s property arm.
In August this year, they bought the Bogston Lane warehouse currently occupied by builders’ merchant Travis Perkins for just under £700k.
At that point, it was the third major commercial premises purchase in Inverclyde by the Easdale family in an 18-month spell, bringing its overall property spend over the period to more than £6 million.
Through their Arranglen investment firm, the family also own the likes of Cappielow Trade Park, the former Misco warehouse at Cartsdyke Roundabout, the Victory and Holt Court office blocks just off Cartsburn roundabout, and in recent years snapped up Gourock pubs Monteiths and the Old Wherry Tavern.
Another plot in their vast portfolio is the former IBM site at Spango Valley, which they bought in December 2018 for £1.5m and is currently the subject of a major £100m housing, retail and business development.
For more information on Scarlow Street in Port Glasgow, click here.
To view all available property within the Arranglen portfolio, click here.