Retail Space for sale in Stirling

View the "RETAIL INVESTMENT - STIRLING" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

RETAIL INVESTMENT - STIRLING

Stirling, Stirling, Scotland

  • Freehold Price: £675,000
Seller Reference: 38barnton
Request DetailsEmail email
Business Description
 
Image 1 of 1 video_library
Seller Reference: 38barnton
Request Details
Business Description
•FRI LEASE EXPIRING 2023 AT £7,000 P.A.
•OFFERS IN THE REGION OF £67,500
•10.3% INITIAL YIELD
•RPI RENT REVIEWS 3% COLLAR/ 5% CAP
•670 SQ FT
•VAT FREE INVESTMENT
•PROMINENT RETAIL PITCH

LOCATION

Stirling is a city in central Scotland. The market town, surrounded by rich farmland, grew up connecting the royal citadel, the medieval old town with its merchants and tradesmen, the bridge and the port. Located on the River Forth,

Modern Stirling is a centre for local government, higher education, tourism, retail, and industry. The 2011 census recorded the population of the city as 45,750; the wider Stirling council area has a population of about 91,000. The City is reputed to be the third fastest growing area of Scotland in terms of population.

Stirling is well located in central Scotland being almost equidistant between Glasgow, Edinburgh and Perth. The city benefits from good transport links to include a mainline railway, bus depot and easy access onto the Motorway network.

The subjects are located on the eastern side of Barnton Street between its junctions between Viewfield Place and Maxwell Place. Barnton Street forms a good retail pitch within Stirling city centre.

DESCRIPTION

The subjects comprise a retail unit planned over ground and basement floors contained within a mid terraced 3 storey, basement and attic building of stone construction surmounted by a pitched roof overlaid in slate with mansard hung slate front projection.

Internally, the subjects provide an open plan retail area at ground floor level whilst the basement provides storage space and a w.c. in the rear communal hallway.

The tenant trading as Wujo signed a 5 year lease from 1stFebruary 2018 at a rent of £7,000 p.a with mutual 3 year break option. There is a 3 month rental deposit which will be passed to the new owner. The rent reviews are set to RPI with 3% collar / 5% cap.

FLOOR AREAS

From sizes taken during our inspection we calculate the Gross Internal Area measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) to extend to:

Ground Floor: 28.04m2/302ft2

Basement: 34.2m2/368ft2

PROPOSAL

Offers of £67,500 are invited for the Heritable (Scottish equivalent of Freehold) interest.

RATING

£6,900

Qualifying companies may benefit from small business rates relief of up to 100%.

PLANNING

All queries in relation to planning should be addressed to Stirling Council Planning Department.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.

VAT

All prices, premiums and rents quoted are exclusive of VAT.

EPC

E.
Tenure:
Freehold
Location Details:
38 Barnton Stirling
Downloadable Documents:
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image