52 Port Street comprises a ground floor restaurant which is contained within a 4 storey and attic building of traditional stone construction. The property is contained under a pitched and slated roof.
The retail frontage comprises double timer/glazed entrance doors together with a series of display windows. Internally the property is arranged to provide a main restaurant area with bar servery together with an ancillary seating area, rear kitchen section, staff room, locker room and ladies/gents toilet facilities.
Location
The subjects occupy a prominent position on Port Street in close proximity to its junction with Dumbarton Road, he heart within Stirling Town Centre.
The property forms part of Stirling’s’ principal commercial Centre with nearby occupiers including Boots Pharmacy, B-Spoke Property and The Filling Station.
Stirling itself comprises an important town within Central Scotland lying upon the banks of the River Forth approximately 26 miles north east of Glasgow and some 30 miles north west of Edinburgh. The City forms the main administrative centre for the surrounding district providing extensive retail, leisure and local Government facilities having a resident population of over 36,000 people at the 2011 census.
The city’s position ensures that Stirling benefits from excellent communication links with the M9 motorway lying immediately to the west. In addition Stirling Station provides direct rail links to Edinburgh, Glasgow and the north.
Accommodation
We calculate that the subjects extend to the following area:-
Net Internal Area - 257.29 sq.m. (2769 sq.ft.)
Terms
RATEABLE VALUE - Having regard to the Assessor’s website we note that the subjects are entered in the current Valuation Roll at Rateable Value £XXX
LEASE TERMS - The subjects are let to BXY Trading Ltd under a 10 year full repairing and insuring lease from 22/12/2014, incorporating rent reviews on a 5 yearly basis. The current passing rental is £XXX per annum exclusive and the tenant has the option to break on the 21/12/2019.
PRICE - Offers of £XXX are invited for the benefit of our client’s absolute ownership.
VAT - All figures quoted are exclusive of any VAT which may be chargeable.
Specification
- Prominent City Centre Restaurant
- Let until 21/12/2024
- Passing rent £XXX per annum exclusive
- Offers of £XXX invited