The subjects comprise a parade of 3 ground floor retail properties which were refurbished in 2021. Since this time period all 3 units have been occupied.
Internally each unit provides an open plan retail area and disabled w/c.
Location
Stirling is widely regarded as one of Scotland's busiest and most popular tourist and business locations, benefiting from a superb location with easy access by road and rail to all major business centres throughout the country.
The city lies approximately 26 miles northeast of Glasgow and around 38 miles northwest of Edinburgh, providing access to 75% of Scotland's population within a 48-mile radius.
The subjects are located on the corner of Pitt Terrace and Wellgreen Road within the heart of Stirling City Centre. To the rear of the property is a multi-storey car park, with further parking available nearby.
Accommodation
Unit 2E: 46.45 m² / 500 sq ft
Unit 2F: 46.45 m² / 500 sq ft
Unit 2G: 46.45 m² / 500 sq ft
Terms
Proposal: Offers over £300,000 are invited for the Heritable interest.
Lease: The property is currently leased to 3 seperate tenants each paying £11,950 per annum. Please contact us for full lease information.
The WAULT is approximately 3.8 years.
All leases are on a full repairing and insuring basis.
EPC: A copy of the EPC will be available upon request.
VAT: We understand that the property is not VAT elected; however, this should be confirmed prior to purchase.
Rating: Rateable values are as follows:
- Unit 2E — £7,600
- Unit 2F — £7,900
- Unit 2G — £7,900
Planning: All queries in relation to redevelopment or reconfiguration of the subjects should be addressed to Stirling Council Planning Department.
Closing Date: A closing date may be set. All interested parties should note interest with the Sole Agent. The vendor reserves the right to sell without setting a closing date and is not obliged to accept the highest or any offer.
Specification
- MULTI-LET RETAIL INVESTMENT
- OFFERS OVER £300,000
- PASSING RENT £35,850 PER ANNUM
- 3 RETAIL UNITS
- 3.8 YEAR WAULT
- PRIME CITY CENTRE LOCATION
- GOOD LEVELS OF NEARBY PARKING