Property for sale

OUTSTANDING INVESTMENT OPPORTUNITY. Commercial ground floor unit in HIGHLY PROMINENT TRADING POSITION. Rent £18,000 pa SUIT SHREWD INVESTOR. Retail/Class 2 Premises, Size:1945 sq ft, Property is sure to appeal to investors looking to purchase an easily manageable/rentable property in a sought after location in STIRLING Town Centre. IMMEDIATE INCOME PRODUCING COMMERCIAL PROPERTY. Ground floor retail/Class 2 premises, which has been partially sub-divided into 2 component units which share communal kitchen and toilet facilities. The building itself is two storey and attic in height, the front section being of traditional stone construction, contained under a pitched and slated roof. Fully let and income producing Current Rent Roll £18,000 EXCELLENT INVESTMENT OPPORTUNITY reflecting a gross initial yield of 14% if achieved for the guide price. The subjects enjoy a busy main road frontage to Cowane Street and are located within an area of mixed residential and commercial usage, nearby occupiers including William Hill Bookmakers, as well as a number of hot food takeaways and licensed establishments. The subjects comprise a ground floor retail/Class 2 premises, which has been partially sub-divided into 2 component units which share communal kitchen and toilet facilities. The building itself is two storey and attic in height, the front section being of traditional stone construction, contained under a pitched and slated roof. Each of the component units has the benefit of an appropriate retail frontage to Cowane Street, incorporating separate timber/glazed entrance doors and display windows. Southern-most Unit Internally, this unit is arranged to provide a main retail/Class 2 area, together with a range of rear storage/office sections and communal kitchen/toilet facilities. Northern-most Unit This unit is arranged to provide a main retail/office, two private offices and shared kitchen/toilet facilities. The subjects are entered in the current Valuation Roll and benefits from the following Rateable Valuess: Southern-most Unit - £9,500 Northern-most Unit - £10,500 The southern most unit is let t HSTAR Scotland under a 5 year lease from 26th November 2021 on full repairing insuring terms subject to a Schedule of Condition, at a passing rent of £10,000 per annum exclusive. The northern most unit is let to Jorde Ltd on a 5 year full repairing and insuring lease from 18th September 2024, the tenant has the option to break at the end of 2.5 years, subject to the provision of 6 months rent notice. The rental is £8,000 per annum exclusive and the tenant has paid a 3 month deposit. reflecting a gross initial yield of 14% if achieved for the guide price.

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

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