Wallace House, 17-21 Maxwell Place, Stirling, FK8 1JU

Investment Summary - High yielding multi-let office investment located in Stirling city centre, close to themain rail and bus stations.- Approximately 26,806 sq.ft of modern, high quality, open plan office accommodationarranged over ground and 4 upper floors, extensively redeveloped in the 1990s andrecently refurbished.- 62 car parking spaces (20 undercroft and 42 surface), providing a ratio of 1:432sq.ft.- 68.77% of income is secured to Government bodies, including Forth HousingAssociation Limited.- The leases have a weighted average unexpired term of 4.10 years and 3.25 yearsto tenants’ break options.- Total income of £321,880 per annum, equating to an average rate of £XXXer sq.ft.- Heritable interest (Scottish equivalent of English Freehold).Offers in excess of £2,700,000 (Two Million and Seven Hundred Thousand Pounds)are invited for our client’s heritable interest in the property, subject to the existing leases.A purchase at this level would provide an initial yield of 11.27% net of purchaser’scosts of 5.80%. The price reflects a low capital value of £100 per sq.ft.For further information or to arrange a viewing please contact the joint selling agents.

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