The premises forms part of a shopping centre retail unit with frontage overlooking the main enclosed retail mall. The premises are arranged over ground, basement and first floors.
The unit is finished with painted plaster walls, tiled floors and suspended ceilings. The first floor area is part sales and storage. The basement is for storage use with access to the service and loading area for the centre.
Location
Stirling is situated approximately 36 miles north of Edinburgh and 26 miles north of Glasgow on the M9 Motorway. The town has a resident population of around 38,000 people and draws on a larger catchment for the wider area estimated to be over 100,000 people.
The Thistles and Marches Shopping Centre is the main retail focal point in the town located beside Murray Place and Port Street. The Centre extends to in excess of 500,000 sq ft with 87 units and dedicated car parking.
The premises are located within The Thistle Centre with nearby occupiers including Boots , Superdry, Joules Clothing, Costa, Card Factory, Lush, Superdrug and Marks & Spencer.
Accommodation
The main dimensions and gross internal areas are as follows:
Gross Frontage 71 ft 1 ins 21.67 m
Net Frontage 63 ft 3 ins 19.28 m
Ground Floor 8,203 sq ft (762.06 sq m)
Basement 5,139 sq ft (477.41 sq m)
First Floor 12,132 sq ft (1,127.06 sq m)
Terms
RATING - We are verbally advised by the local Assessors department that the subjects are entered in the Valuation Roll (2021/22) as follows: Rateable Value £XXX Commercial Rate Poundage £XXX Rates Payable £XXX Government legislation with the Covid-19 response will provide rates relief for various retail and hospitality businesses until April 2022.
PLANNING - The premises benefit from Class 1 (Retail) use, however, may be suitable for alternative uses subject to securing a planning change of use.
RENT / SERVICE CHARGE - Offers in excess of £XXX per annum are invited. The premises are currently subject to an annual charge of £XXX exclusive for the benefit of the shopping centre facilities.
LEASE TERMS - The premises are available on the basis of a new 10 year Full Repairing and Insuring lease subject to 5 yearly rent reviews.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred in connection with this opportunity. The ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration fees and any VAT incurred thereon.
ENTRY - By agreement.
EPC - An EPC is available upon request.