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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
IDEAL INVESTMENT PROPERTY*** PRIME commercial unit LET on NEW 10 YEAR FRI LEASE AT £20,000p/a located in Stirling Town Centre ***IMMEDIATE RETURN ON INVESTMENT
Ground floor unit extends to approx. 2,443 sq.ft. (227 sqm). NEW 10 YEAR LEASE*** Currently LET on FRI LEASE to Admiral Casinos at £20,000 PER ANNUM until 18th April 2033.
EXCELLENT TRADING LOCATION*** Nearby occupiers include Betfred, Cash Converters, McDonalds, Spar, Pizza Express and Specsavers.
Situated on the south side of Murray Place, adjacent to its junction with Station Road on a PROMINENT POSITION within Stirling TOWN CENTRE.
Stirling is an affluent and historic city located at the heart of Scotland’s motorway network and is the main administrative and financial centre for the Stirling Council area.
IDEAL INVESTMENT PROPERTY*** PRIME commercial unit LET on NEW 10 YEAR FRI LEASE AT £20,000p/a located in Stirling Town Centre ***IMMEDIATE RETURN ON INVESTMENT.
Ground floor unit extends to approx. 2,443 sq.ft. (227 sqm). NEW 10 YEAR LEASE*** Currently LET on FRI LEASE to Admiral Casinos at £20,000 PER ANNUM until 18th April 2033.
EXCELLENT TRADING LOCATION*** Nearby occupiers include Betfred, Cash Converters, McDonalds, Spar, Pizza Express and Specsavers.
Situated on the south side of Murray Place, adjacent to its junction with Station Road on a PROMINENT POSITION within Stirling TOWN CENTRE.
Stirling is an affluent and historic city located at the heart of Scotland’s motorway network and is the main administrative and financial centre for the Stirling Council area.
Stirling is an affluent and historic city located at the heart of Scotland’s motorway network and is the main administrative and financial centre for the Stirling Council area. Stirling has a population in excess of 93,750 people (Stirling Council, 2016), with c. 55% of Scotland’s population estimated to live within an hour’s drive and approximately 80% within a two hour drive. The city’s population is projected to increase by 16.3% to 105,860 people by 2037, significantly ahead of the projected increase for Scotland over the same period. The University of Stirling is one of the city’s largest employers, with 14,000 students and over 1,500 staff.
Full Address: 61-63 Murray Place, Casino Investment, Stirling, FK8 1AP
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 18th April 2033
Rent: £20,000 per year / £1,667 per month
Yield: 10% (approx)
Tenant: Company
Notes: LET on NEW FRI LEASE to Admiral Casinos at £20,000 PER ANNUM until 18th April 2033.
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SPECIAL Terms of Sale
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- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £1,750 for on time settlement
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Buy Now Price = £265,000
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Auction Details
Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction
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