To Let/May Sell

PRIME SHOPPING CENTRE RETAIL UNIT

> NIA – 2,346.08 SQM (25,273 SQFT)

> PRIME RETAIL FRONTAGE WITHIN STIRLING’S PREMIER SHOPPING CENTRE

> RARELY AVAILABLE OPPORTUNITY

> ATTRACTIVE CITY CENTRE LOCATION

> HIGH LEVELS OF PASSING PEDESTRIAN FOOTFALL

> RENTAL: £150,000 PER ANNUM

> SALE PRICE: OFFERS INVITED TO LET/MAY SELL

UNIT 42, THISTLES CENTRE, STIRLING, FK8 2EA

Adam Honeyman, MA (Hons) MRICS, [email protected] , 0141 331 2807 www.shepherd.co.uk CONTACT: Gavin Russell , BSC (Hons) MRICS [email protected], 01786 450 438 www.shepherd.co.uk Andrew Britton, [email protected], 0141 248 6611 www.Culverwell.co.uk UNIT 42, THISTLES CENTRE, STIRLING, LOCATION LEGAL COSTS FK8 2EA

The city of Stirling is located at the heart of Scotland, located Each party shall be responsible for their own legal costs, relative to approximately 30 miles North West of Edinburgh and 25 miles North any transaction. East of Glasgow. The town is well served by the major motorway ACCOMMODATION SqM SqFt networks with the M9 motorway located within 2 miles of the city RATING Basement 663.14 7,158 centre, which connects the city to the wider national road network. The premises are entered in the current Valuation Roll with a rateable Ground Floor 659.98 7,104 The population of Stirling is understood to be circa 94,000 people value of £290,000. First Floor 1022.96 11,011 with circa 55% of Scotland’s population estimated to live within an The business rate poundage for 2020/2021 is £0.524. hours drive of the city. The city also is home to one of Scotland’s top Universities, along with a thriving tourism trade. EPC TOTAL 2,346.08 25,273

The town benefits from rail links, with Stirling Railway Station A copy of the EPC can be made available upon request. providing direct links to both Glasgow and Edinburgh. Level 2 PLANNING The subjects are located within The Thistle Centre, which provides prime retailing space within the heart of the city centre. Occupiers We understand that the property has Planning Consent for Class 1 within The Thistle Centre include, Marks and Spencer, Debenhams, (Retail). The property may suit alternative uses subject to obtaining all Next, Zara , Primark and River Island. The Thistles Centre benefits necessary planning consents. It will be incumbent upon any purchaser from an average footfall of over 9 million people every year, and as or tenant to satisfy themselves in this respect. such presents a fantastic opportunity for any retailer.

DESCRIPTION

The subjects provide prime retailing space arranged over ground floor, with staff facilities located at first floor. The floors are interconnected via a lift and escalator.

The unit is currently decorated in the previous tenants standard corporate fit out.

SERVICE CHARGE

The service charge budget equates to £23,662 per annum. Subject to annual review.

For further information or viewing arrangements please contact the joint agents:

J & E Shepherd for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars and plan are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct at the date of first issue but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of J & E Shepherd has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all prices and rentals are quoted exclusive of VAT unless otherwise stated. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. We comply with the Money Laundering, Terrorist Financing and Transfer of Fund Regulations 2017. PUBLICATION: NOV 2020 UNIT 42, THISTLES CENTRE, STIRLING, FK8 2EA

RENTAL

The subjects were previously let to H&M at a rental rate of £265,000 per annum.

We are now however instructed to seek offers over £150,000 per annum for this fantastic retail unit.

SALE PRICE

Offers are invited for our clients heritable interest in the subjects.

ANTI MONEY LAUNDERING REGULATIONS

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

For further information or viewing arrangements please contact the joint agents:

Shepherd Chartered Surveyors Adam Honeyman MA (Hons) MRICS, [email protected], 0141 331 2807 11 Gladstone Place, Stirling FK8 2NN Gavin Russell, BSC (Hons) MRICS, [email protected], 01786 450 438 www.shepherd.co.uk Andrew Britton, [email protected], 0141 248 6611 J & E Shepherd for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars and plan are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct at the date of first issue but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of J & E Shepherd has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all prices and rentals are quoted exclusive of VAT unless otherwise stated. Prospective purchasers/lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. We comply with the Money Laundering, Terrorist Financing and Transfer of Fund Regulations 2017. PUBLICATION: NOV 2020