Property for sale

Murray Place, Specsavers Investment, Stirling FK8

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0141 433 6645

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Property description & features

Status: Available
Type: Commercial
Ownership: Freehold
Occupation: Tenanted
AUCTION DATE: 28 November 2024

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 fullheight 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. Specsavers are a long standing tenant having occupied to property for more than a decade. The property has been calculated to extend to the following internal area 139.03sqm (1,503sq ft) The property is held on a full repairing and insuring head lease on the following terms; Tenant: Specsavers UK Limited Expiry: 18th August 2026 Passing Rent: £29,000p.a.x Covenant Info: Specsavers UK Ltd are part of the Specsavers Optical Group with over 2,700 stores worldwide. In the UK and Ireland alone, they have approximately 2,200 stores operated within their own group and franchise holdings. Specsavers UK Ltd reported an annual turnover of approximately £2.6 billion for the financial year ending February 2023. The vendor has elected to waive exemption for VAT and accordingly VAT will be payable on the purchase price, although we anticipate that the property will qualify as a Transfer of a Going Concern (TOGC).

Auction Details
28 November 2024, 10am-3pm
Timed Online Auction

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