2E, F & G Pitt Terrace, Stirling

LOCATION

Stirling is widely regarded as one of Scotland`s busiest and most popular tourist and business locations and benefits from a superb location, allowing easy access by road and rail to all other major business centres throughout the country.

The city lies approximately 26 miles northeast of Glasgow and around 38 miles northwest of Edinburgh and provides access to 75% of Scotland`s population within a 48 mile radius.

The subjects are located on the corner of Pitt Terrace and Wellgreen Road within the heart of Stirling City Centre. To the rear of the property is a multi storey car park whilst further parking is available nearby.

DESCRIPTION

The subjects comprise a parade of 3 ground floor retail properties which were refurbished in 2021. Since this time period all 3 units have been occupied.

Internally each unit provides an open plan retail area and disabled w/c.

PROPOSAL

Offers over £300,000 are invited for the Heritable interest.

FLOOR AREAS

From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):

2E: 46.45m²/500ft²

2F: 46.45m²/500ft²

2G: 46.45m²/500ft²

LEASE

The property is currently leased to 3 seperate tenants each paying £11,950 per annum. Please contact us for full lease information.

The WAULT is approximately 3.8 years.

All leases are on a full repairing and insuring basis.

EPC

A copy of the EPC will be available upon request.

PLANNING

All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Stirling Council Planning Department.

RATING

Rateable value:

2E – £7,600

2F – £7,900

2G – £7,900

VAT

We understand that the property is not VAT elected however this should be confirmed prior to purchase.

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 sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.