PRIME NEW LISTING. We are excited to present a commercial portfolio comprising of 2 large units located within a prime location of Stirling. **Potential Gross Yield of 16% at Guide price.**
Property is being offered at great price. One of the Units is tenanted at £8,000 per annum while the other is vacant with a rental potential of £10,000 - £14,000 per annum.
The property is being offered at a fantastic price to ensure quick sale and should appeal to investors looking for a commercial portfolio with excellent upside potential.
Situated in a sought-after location, this property is an excellent investment for a shrewd investor seeking a turnkey commercial venture with significant potential for rental and capital growth. Benefits from High footfall.
Location
Stirling is a historic city renowned for its rich heritage and strategic importance. It offers a perfect blend of traditional and modern amenities, making it an attractive destination for both business and leisure. The city’s central location provides excellent connectivity and vibrant economic opportunities.
Accommodation
Mobile Phone Repair Shop - 807 sq ft
Vacant Unit - 988.45 sq ft
Terms
Guide Price - £150,000
The mobile phone repair shop is currently tenanted at £8,000 per annum on a 5 year lease. There is great potential for rental increase. Property extends to 807 sq ft (75.01 sqm) and has a rateable value of £7,900, which qualifies for small business rates relief. The unit comprises. Large Open plan sales area with 2 offices. Property benefits from large frontage and is situated on a street with high footfall.
The vacant unit was previous tenanted at £10,000 per annum and has vast potential. The rental potential of the vacant unit is £10,000 - £14,000 per annum. It has previously been used as offices and has a variety of options open to it. It could be leased as an office space, a physio therapist unit, Aesthetics and beauty services, Wellness/relaxation spaces. With the size of this unit it has potential to be used as a Co-working space also. Once the vacant unit is tenanted the property has a gross rental income potential of £20,000 - £24,000. This means that the property has the potential to provide a gross rental yield of 13.3% - 16%. Property extends to 988.45 sq ft (91.8 sqm) and has a rateable value of £7,200, which qualifies for small business rates relief.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.