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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

OUTSTANDING INVESTMENT OPPORTUNITY. Commercial ground floor unit in HIGHLY PROMINENT TRADING POSITION. Low rent £17,000 pa (rental potential £23,000 pa) VAT FREE INVESTMENT

Excellent size LARGE REFITTED HOT FOOD TAKE AWAY extending to internal area 139.03sqm (1,503sq ft). Highly prominent location with public parking surrounding the property.

Opportunity for purchaser to agree new terms and extend lease OR OWNER OCCUPY property or RE-LET to another takeaway. Rental potential £20,000-23,000 per annum.

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.

Located in a prominent position. Wallace Street runs parallel to Cowane Street and is located close to the city centre with east access to amenities, schools, parks, and local services.

OUTSTANDING INVESTMENT OPPORTUNITY. Commercial ground floor unit in HIGHLY PROMINENT TRADING POSITION. Low rent £17,000 pa (rental potential £23,000 pa) VAT FREE INVESTMENT Excellent size LARGE REFITTED HOT FOOD TAKE AWAY extending to internal area 139.03sqm (1,503sq ft). Highly prominent location with public parking surrounding the property. Opportunity for purchaser to agree new terms and extend lease OR OWNER OCCUPY property or RE-LET to another takeaway. Rental potential £20,000-23,000 per annum. 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. Located in a prominent position. Wallace Street runs parallel to Cowane Street and is located close to the city centre with east access to amenities, schools, parks, and local services.

Located on the prominent junction of Cowane Street and Wallace Street in Stirling, Scotland, forming part of the city’s central urban area. Cowane Street and Wallace Street are part of a vibrant, well-established community. They offer easy access to Stirling’s amenities, schools, parks, and local services, creating a comfortable and lively atmosphere for residents. Wallace Street runs parallel to Cowane Street and is located close to the city centre. Cowane Street and Wallace Street are well-connected to the main road network, including the A84 which leads to major routes around Stirling and beyond. Local buses serve the area, making it easy to travel within Stirling and to nearby destinations. The city’s train station is a short distance away, offering direct services to Glasgow, Edinburgh, and other parts of Scotland.

Full Address: 2 Cowane St, Pizza Hut Investment, Stirling, FK8 1JR

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £17,000 per year / £1,417 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Expired lease. New terms to be agreed

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Pricing Information & Bidding

Opening Bid: £115,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £159,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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