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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
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
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
  • Listing ID: 31488196

  • Date on Market: 12/04/2024

  • Last Updated:

  • Address: 23-25 Murray Pl, Stirling FK8 1DQ

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