23 Murray Place comprises a retail unit on the ground floor of a 3 storey and attic traditional tenement block of stone construction under a pitched roof, clad with slates. The property benefits from excellent frontage onto Murray Place, with full height glazed display windows and recessed entrance door. Internally the property is attractively fitted out to a typical Specsavers specification. It should be noted that the tenant also occupies space on the first floor of the building on a co-terminus lease, which is under separate ownership and does not form part of the sale.
( Agency Pilot Software ref: 52231 )
Location
Stirling is a recognised tourist and business destination, benefitting from an excellent strategic location within the heart of the country’s Central Belt. The city lies approximately 38 miles North west of Edinburgh and 27 miles North East of Glasgow benefitting from great transport links via the M9 and M80 Motorways, together with mainline railway and bus links. Stirling has a resident population in excess of 37,500 persons, but also embracing a wider catchment population of approximately 95,000. The subjects are situated within the heart of Stirling City Centre, diagonally opposite one of the main entrances to the Thistles Shopping Centre. The immediate area offers a mix of national and local retailers, cafes/restaurants, etc, as well as residential on upper floors. Nearby traders include, McDonalds, Bob & Berts, German Donner Kebab, Cancer Research, Barclays and RBS
Accommodation
Net Internal Area 1503 sq ft (139.72sq m)
Terms
TENURE Outright Heritable Interest (Freehold)
PROPOSAL Offers over £250,000, reflecting a net yield of 11.37% .
EPC Available on request. COSTS + VAT The purchaser will be liable for any LBTT and registration dues.
VAT maybe applicable on the purchase price. Each party to bear their own legal costs incurred in connection with this transaction
Specification
• Prominent retail premises located in the heart of Stirling City Centre
• Single tenant – Specsavers UK Limited
• Tenant has the right to renew at lease expiry
• Passing rent - £29,000 per annum
• Offers over £250,000 reflecting a NIY of 11.37%