61 & 61A Stirling Street is a detached, timber framed building dating from the 1960’s with front and side glazing and comprising of two regular shaped office suites over ground and first floor.
The ground floor suite is mainly open plan but has been sub-divided towards the rear by the occupier to form a series of meetings rooms and staff areas. The suite has, historically, been used for retail and restaurant purposes.
The upper floor suite, which has an independent access, has a ground floor room adjacent to its main door entrance with the upper floor having been split to form a series of private offices and meeting rooms, staff welfare accommodation and toilets.
Location
Stirling Street is an established commercial thoroughfare within Airdrie Town Centre and a continuation of Graham Street, the main retailing pitch within the town. Occupiers nearby include a variety of local businesses alongside national operators and the Job Centre. There is a public car park adjacent to the subject property and on street car parking available.
Airdrie is located 15 miles east of Glasgow within the North Lanarkshire region and has a population in excess of 37,000 persons. The town links directly to Coatbridge to the west and is ideally suited for travel to Glasgow and Edinburgh with good public transport links including a main railway line.
Accommodation
The building extends to the following net internal floor areas:
61 Stirling Street - 376.95 sq.m (4,057 sq.ft.)
61a Stirling Street - 262.91 sq.m (2,830 sq.ft.)
Total - 639.86 sq.m (6,887 sq.ft.)
Terms
TENANCY - 61 Stirling Street, the ground floor suite, is held under a full repairing and insuring lease by Scottish Enterprise (t/a Skills Development Scotland) and has been since September 2007 having recently extended their lease until September 2022 The rent is £40,000 p.a.x.
Airdrie Savings Bank previously occupied 61A Stirling Street, the upper floor suite; however, this now has vacant possession.
PRICE - Offers over £400,000 are invited for our client’s heritable interest, exclusive of VAT (if applicable), which represents a net initial yield of 9.6% assuming purchasers costs of 4.17%.
EPC - Available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred.
Specification
- Prominent pitch within Airdrie Town Centre
- Car parking and public transport nearby
- Bespoke timber framed building containing offices over two floors
- Part let to Scottish Enterprise until September 2022 at £40,000 p.a.x
- First floor currently vacant with sub-division potential
- Total net internal area 639.86 sq.m (6,887 sq.ft)
- Offers over £400,000, exc VAT