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Lot 9b

Guide Price: £65,000 - Bid Now

32 Barnton Street, Stirling, FK8 1NA


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Key Features:

PROMINENT TENANTED SINGLE FRONTED RETAIL UNIT located on main arterial street in busy historic market town. RENTAL INCOME £6,500 per annum. HIGH STREET TENANT - full FRI lease in place - TURN KEY


  • COMPRISES ground floor retail space and basement. Large display window and entrance door onto Barnton Street. GOOD SIZED retail interior shop currently trading as "VITAMIN SHOP". APPROX 825 SQ foot.
  • Secondary basement space to rear offering w/c and staff/storage area. FULL FRI lease - fantastic potential for capital growth. LEASE RUNS to 2022. Close to many main retailers and City Centre.
  • Excellent INVESTMENT OPPORTUNITY in Prime Location. The property is only a minutes’ walk from the Thistle Marches Shopping Centre - well regarded SHOPPING AREA.
  • Located in a popular City Centre location on Barnton Street, being one of the main routes leading to and from Stirling Castle and other tourist attractions only a short walk from Railway Station.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 4 YEARS
Rent £6,500 per year / £542 per month
Yield 10.0% (at guide price)
Tenant Company
Notes:

Full Details:

PROMINENT TENANTED SINGLE FRONTED RETAIL UNIT located on main arterial street in busy historic market town. RENTAL INCOME £6,500 per annum. HIGH STREET TENANT - full FRI lease in place - TURN KEY INVESTMENT. Comprises a ground and basement floor mid terraced retail unit. 825 SQUARE FEET. Close to Baynes/Indigo Sun/Games Workshop/William Hill/ Shopping Centre Entrance. COMPRISES ground floor retail space and basement. Large display window and entrance door onto Barnton Street. GOOD SIZED retail interior shop currently trading as "VITAMIN SHOP". Secondary basement space to rear offering w/c and staff/storage area. FULL FRI lease - fantastic potential for capital growth. LEASE RUNS to 2022. Close to many main retailers and City Centre.

Guide Price: £65,000 - Bid Now


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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Map & Location:


Stirling is the main city within the central belt of Scotland with a population of around 35,000 and a catchment population of around 100,000. Stirling benefits from good means of access to Scotland’s motorway network via the M80/M9 and has a main line Railway Station that is located approximately 5 minutes walk from the subject property offering good means of access to Edinburgh, Glasgow and beyond. The property is only a minutes’ walk from the Thistle Marches Shopping Centre.Located in a popular City Centre location on Barnton Street, being one of the main routes leading to and from Stirling Castle and other tourist attractions.

Viewings:


Internal Open Viewings...


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Auction Details:



  • Auction Date...

    04 February 2019


  • Start Time...

    7.30pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

Glasgow Radisson | Edinburgh Marriott


Registration...

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs...

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits...

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method...

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.

How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person...

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live...

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy... (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form