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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

2 Storey PRIME HIGH STREET RETAIL UNIT 1,918sq ft) LET TO British Heart Foundation IMMEDIATE RENTAL INCOME £18,800 PER ANNUM*** FRI LEASE until September 2027. HIGH FOOTFALL PRIME CENTRAL LOCATION.

LONG TERM TENANTS since September 1997 LET to British Heart Foundation on FRI LEASE until September 2027 at £18,800 PER ANNUM*** PRIME INVESTMENT OPPORTUNITY***

EXCELLENT TRADING LOCATION*** Nearby occupiers include Caffe Nero, Slater Menswear, Ladbrokes, HSBC and Vapourz. HIGH VOLUMES OF PASSING TRADE***

Prominent position on the south side of King Street at it’s junction with Murray Place and Port Street in Stirling city 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.

The property comprises a mid terraced ground floor retail and upper floors as part of a larger mixed use development of traditional sandstone construction surmounted by a pitched roof The retail space benefits from a single frontage of aluminium framed and glazed construction. Internally the property is open plan in layout with partitions erected to the rear with single staircase leading to the upper floors offering ancillary storage, staff room, office and w.c facilities. GF: 43.5m2 (468sq ft) 1st: 117.73sqm (1,267sq ft) 2nd: 17.04sqm (183sq ft) Total: 178.27sqm (1,918sq ft) EXCELLENT TRADING LOCATION*** Nearby occupiers include Caffe Nero, Slater Menswear, Ladbrokes, HSBC and Vapourz. HIGH VOLUMES OF PASSING TRADE*** LONG TERM TENANTS since September 1997 LET to British Heart Foundation on FRI LEASE until September 2027 at £18,800 PER ANNUM*** PRIME INVESTMENT OPPORTUNITY***

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: 7 King Street, British Heart Foundation, Stirling, FK8 1DN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 14th September 2027
Rent: £18,800 per year / £1,567 per month
Yield: 11% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Guide Price: £209,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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SPECIAL Terms of Sale

  • 10% Deposit
  • 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

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £219,000

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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