6-8 Port Street Stirling Stirlingshire FK8 2LD

  • 6-8 Port Street<br>Stirling<br>Stirlingshire<br>FK8 2LD

6-8 Port Street
Stirling
Stirlingshire
FK8 2LD

Heritable Retail Investment

  • Majority let to Slater Menswear until July 2021
  • Prominent corner position on Port Street at its junction with Murray Place
  • Opposite entrance to the Thistles Shopping Centre
  • Nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero
  • Six Week Completion
  • Lot
    57
  • Auction
    11th July 2013
  • Rent
    £106,250 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Heritable Creditors
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      Heritable Retail Investment

      • Majority let to Slater Menswear until July 2021
      • Prominent corner position on Port Street at its junction with Murray Place
      • Opposite entrance to the Thistles Shopping Centre
      • Nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero
      • Six Week Completion
      • Lot 57
      • Auction 11th July 2013
      • Rent £106,250 per Annum Exclusive
      • Status Sold Post
      • Price  
      • Sector
        High Street Retail
      • Auction Venue
        Millennium Hotel
        44 Grosvenor Square
        London W1K 2HP
      • On behalf of Heritable Creditors

      Property Information

      Location
      Miles
      25 miles north-east of Glasgow, 36 miles north-west of Edinburgh
      Roads
      M9, A9, M80
      Rail
      Stirling Mainline Station
      Air
      Glasgow Airport (35 miles), Edinburgh Airport (29 miles)
      Situation

      The property is situated in a prominent corner location on the western side of Port Street, at its junction with King Street and Murray Place. The property is immediately opposite the main entrance to the Thistle Shopping Centre which houses retailers such as Marks & Spencer, Next, Zara, Boots, Debenhams and BHS. Other nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero.

      Tenure

      Heritable.

      Location
      Miles
      25 miles north-east of Glasgow, 36 miles north-west of Edinburgh
      Roads
      M9, A9, M80
      Rail
      Stirling Mainline Station
      Air
      Glasgow Airport (35 miles), Edinburgh Airport (29 miles)
      Situation

      The property is situated in a prominent corner location on the western side of Port Street, at its junction with King Street and Murray Place. The property is immediately opposite the main entrance to the Thistle Shopping Centre which houses retailers such as Marks & Spencer, Next, Zara, Boots, Debenhams and BHS. Other nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero.

      Tenure

      Heritable.

      Description

      The property comprises two retail units, one over part ground and first floors and one over ground floor only.

      VAT

      VAT is applicable to this lot.

      Viewings

      Please contact Mhairi Jarvis. Telephone: +44 (0)131 538 1131.

      EPC

      The EPC will be available to view online in the solicitor’s legal pack.

      Description

      The property comprises two retail units, one over part ground and first floors and one over ground floor only.

      VAT

      VAT is applicable to this lot.

      Viewings

      Please contact Mhairi Jarvis. Telephone: +44 (0)131 538 1131.

      EPC

      The EPC will be available to view online in the solicitor’s legal pack.

      Tenancy & Accommodation

      Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
      Part Ground
      and First Floor      		 Retail
      560.57 sq m
      (6,034 sq ft)
      		 SLATER MENSWEAR (1) 15 years years from
      17/07/2006 until 16/07/2021       		£73,750 17/07/2016
      (16/07/2021)
      Ground Retail
      84.44 sq m
      (909 sq ft)
      		 STIRLING FRESH FOOD LTD t/a Shakebar (2) 10 years from 31/10/2007 £32,500 (3) (30/10/2017)
      Totals  
      645.01 sq m
      (6,943 sq ft)
      		     £106,250  

      (1) Slaters is a leading name in menswear, womenswear and formal hire. Trading from 23 stores nationwide, this family run company is celebrating its 40th anniversary this year (Source: www.slaters.co.uk)
      (2) Shakebar is Scotland’s first milkshake bar and currently trades from four units (Source: www.shakebar.co.uk 11/06/20130)
      (3) The tenant is currently paying £25,000 p.a.x. following an agreement with the freeholder.

      Contacts

      Seller's Solicitors
      Maclay Murray & Spens LLP 1, George Square
      Glasgow
      G2 1AL
      Christopher Dun 0141 271 5674 chris.dun@mms.co.uk

      Useful Links

      Acuitus Finance
      Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
      AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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