Prime Heritable (Scottish Equivalent to English Freehold) Retail Investment
Prime Heritable (Scottish Equivalent to English Freehold) Retail Investment
The property is prominently located on Murray Place opposite the junction with Station Road within Stirling's main retail core. Surrounding occupiers include McDonald's, Clydesdale Bank, Lloyds Bank and Argos. The Thistles Shopping Centre, Stirling's prime covered shopping centre, is located approximately 50 metres from the property and provides 1,500 car parking spaces. The scheme is anchored by Debenhams, Bhs, Marks & Spencer and Primark.
Heritable. (Scottish equivalent of English Freehold)
The property is prominently located on Murray Place opposite the junction with Station Road within Stirling's main retail core. Surrounding occupiers include McDonald's, Clydesdale Bank, Lloyds Bank and Argos. The Thistles Shopping Centre, Stirling's prime covered shopping centre, is located approximately 50 metres from the property and provides 1,500 car parking spaces. The scheme is anchored by Debenhams, Bhs, Marks & Spencer and Primark.
Heritable. (Scottish equivalent of English Freehold)
The property comprises an open-plan ground floor retail unit within a larger traditional building. The tenant has partitioned the unit to provide retailing space at the front and a store to the rear, additionally there is a small office at the rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an open-plan ground floor retail unit within a larger traditional building. The tenant has partitioned the unit to provide retailing space at the front and a store to the rear, additionally there is a small office at the rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Ground |
Retail Office |
187.97 sq m 5.37 sq m |
(2,023 sq ft) (58 sq ft) |
DAVID T MORRISON AND CO LIMITED (originally let to JJB (Sports) Ltd) (1) |
25 years from 11/03/1992 until 2017 on a full repairing and insuring lease | £49,500 | 11/03/2012 |
| Totals | 193.34 sq m |
(2,081 sq ft) |
£49,500 | ||||
(1) JJB(Sports) Ltd have renounced their leasehold interest back to the landlord. The landlord is proceeding on the basis that the sub-tenant is now a direct tenant. We understand that the sub-under-tenant, Retail Solutions Guaranteed Limited, has continued in occupation of the property and that the sub-tenant, David TMorrison and Co Limited, has made a rental payment to the landlord.
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