Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 49-51 Murray Pl, Let Poundstrecher Investment, Stirling, FK8 1AP

PRIME HIGH STREET RETAIL UNIT LET TO POUNDSTRECHER comprising Ground and 1st Floors 6,637 sq ft in prominent position opposite Thistles Shopping Centre. Let To Poundstretcher On Rolling Lease due to covid previously Let at £65,000p.a. Neighbouring Occupiers: McDonalds, Virgin Money, Savers, Lloyds & Ramsdens. *** THIS PROPERTY was sold for £600,000 historically. (2012)

The subject property occupies a very prominent location on Murray Place opposite the entrance to Thistles Shopping Centre whose anchor tenants include Primark, Marks and Spencers, H&M and Next.

The property comprises a substantial ground and first floor within a substantial 4 storey traditional sandstone development surmounted by a pitched roof.

The City of Stirling is an affluent and historic city located at the heart of Scotlandís motorway network and is the main administrative and financial centre for the Stirling Council area. The city is located approximately 30 miles North West of Edinburgh and 25 miles North East of Glasgow, and benefits from major tourist attractions including Stirling Castle and The National Wallace Monument.

he property has been measured on a net internal area basis and has been calculated to extend to the following floor area Ground: 305sqm (3,283sq ft) 1st : 315sqm (3,390sq ft) Total: 620sqm (6,673sq ft)

The property comprises a substantial ground and first floor within a substantial 4 storey traditional sandstone development surmounted by a pitched roof. The unit offers a substantial frontage with internal fit-out in accordance with Poundstretcherís corporate specification, lighting is provided by way of fluorescents banks recessed within the suspended acoustic tile ceiling. The upper floor is accessed via a single staircase leading to a secondary open plan sales area with partitions erected to form storage space, w.c. facilities and staff room. The property has been measured on a net internal area basis and has been calculated to extend to the following floor area Ground: 305sqm (3,283sq ft) 1st : 315sqm (3,390sq ft) Total: 620sqm (6,673sq ft) The property property has been entered onto the valuation roll with the following NAV/RV £48,750 *** THIS PROPERTY was sold for £600,000 historically. (2012)

The subject property occupies a very prominent location on Murray Place opposite the entrance to Thistles Shopping Centre whose anchor tenants include Primark, Marks and Spencers, H&M and Next. The City of Stirling is an affluent and historic city located at the heart of Scotlandís motorway network and is the main administrative and financial centre for the Stirling Council area. The city is located approximately 30 miles North West of Edinburgh and 25 miles North East of Glasgow, and benefits from major tourist attractions including Stirling Castle and The National Wallace Monument. Stirling has a population in excess of 93,750 people (Stirling Council, 2016), with c. 55% of Scotlandís population estimated to live within an hourís drive and approximately 80% within a two hour drive. The cityís population is projected to increase by 16.3% to 105,860 people by 2037, significantly ahead of the projected increase for Scotland over the same period. The University of Stirling is one of the cityís largest employers, with 14,000 students and over 1,500 staff.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £65,000 per year / £5,417 per month
Yield: 25% (approx)
Tenant: Company
Notes: Let To Poundstretcher On Rolling Lease due to covid previously Let at £65,000p.a.

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Location

Pricing Information & Bidding

Guide Price: £260,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 25 June 2021, 4pm
Type: Deadline for Offers

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