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23-25 Murray Pl
Stirling FK8 1DQ
Retail Property For Sale · 2,000 SF
Investment Highlights
- Retail premises located in the heart of Stirling City Centre
- Tenant has the right to renew at lease expiry
- Single tenant - Specsavers UK Limited
Executive Summary
The subjects are situated within the heart of Stirling City Centre, diagonally opposite one of the main entrances to the Thistles Shopping Centre. The immediate area offers a mix of national and local retailers, cafes/restaurants, etc, as well as residential on upper floors. Nearby traders include, McDonalds, Bob & Berts, German Donner Kebab, Cancer Research, Barclays and RBS. 23 Murray Place comprises a retail unit on the gournd floor of a 3 storey and attic traditional tenement block of stone construction under a pitched roof, clad with slates. The property benefits from excellent frontage onto Murray Place, with full height glazed display windows and recessed entrance door.
PROPERTY FACTS
| Unit Size | 1,503 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 4 |
| Total Building Size | 2,000 SF | Typical Floor Size | 2,000 SF |
| Property Type | Retail (Unit) | Year Built | 1895 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.05 AC |
| Sale Type | Investment |
| Unit Size | 1,503 SF |
| No. Units | 1 |
| Total Building Size | 2,000 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1895 |
| Lot Size | 0.05 AC |
1 Unit Available
Unit 23
| Unit Size | 1,503 SF | Tenure | Freehold |
| Unit Use | Retail | Net Initial Yield | 11.37% |
| Sale Type | Investment | NOI | £28,425 |
| Unit Size | 1,503 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 11.37% |
| NOI | £28,425 |
Description
Internally the property is attractively fitted out to a typical Specsavers specification. It should be noted that the tenant also occupies space on the first floor of the building on a co-terminus lease, which is under separate ownership and does not form part of the sale. Specsavers are a long standing tenant having occupied to property for more than a decade.
Sale Notes
Offers over £250,000, reflecting a net yield of 11.37% .
Amenities
- Security System
