A NIGHTCLUB in Greenock town centre is going under the hammer later this month.

Red, on Cross Shore Street, is to be sold off by an auction house, just over six months after being put up for sale for almost £200,000.

Greenock Telegraph:

The minimum opening bid for the premises has been set at £145,000. Bidding opens on January 22 and will close the following day, as a rapid deal is pursued.

Mandi Cooper, managing director of Auction House Scotland, said: “I am excited to highlight the exceptional rarity of this opportunity for entrepreneurs in the bar and nightclub industry.

"This property holds a special place in the hearts of the Greenock community, and its enticing pricing is tailored for a quick and advantageous sale."

Greenock Telegraph:

The premises has operated as a club for many years and has a capacity of over 400, but it has not been trading for some time.

Greenock Telegraph:

It sits across from the James Watt Bar and was previously known as The Dug Out back in the 1990s.

Agents marketing the sale describe it as a 'rare commercial opportunity'.

Greenock Telegraph:

They added: "This former bar/nightclub, centrally located in the vibrant town of Greenock, awaits a discerning buyer.

"The commercial property stands in impeccable condition, ready for immediate utilisation.

"Boasting a spacious main dancefloor, a primary bar at the entrance, a secondary bar adjacent to the dance area, and diverse seating sections, the premises are thoughtfully designed.

"Upstairs, essential amenities include male and female toilets, a cloakroom, an office, a staff room, and access to an outdoor smoking area.

"Recent refurbishments showcase an enhanced sound system, DJ setup, new fridges, flooring, and lighting.

"Security features, such as CCTV, a security alarm, and a roller shutter, are in place.

"The comprehensive package encompasses all fixtures and fittings.

"Formerly a beloved local hotspot with a capacity for 490 patrons, this well-known bar/nightclub consistently operated at full occupancy.

"The existing premises license is transferable, making it an appealing prospect for entrepreneurs in the bar and nightclub industry."