For Sale Large Redevelopment Opportunity 53/59 King Street, Stirling Fk8 1Dr

FOR SALE LARGE REDEVELOPMENT OPPORTUNITY 53/59 KING STREET, STIRLING FK8 1DR LOCATION Stirling is a major regional centre in the central belt of Scotland with a catchment of 115,000 people living within a 15 minute drive time. The city is situated approximately 40 miles from Edinburgh and 35 miles from Glasgow. Stirling also has over 11,000 students resident during term time. The area is a popular location being situated in very close proximity to the city centre's retail hub and likewise on the way up to its principal tourist destination Stirling Castle. The premises are located on the pedestrianised King Street which runs from Corn Exchange Road down to Murray Place and The Thistles Centre, Stirling's prime retailing pitch. Adjacent occupiers include The Taj Mahal Indian Restaurant, Ladbrokes, The Golden Lion Hotel, The Pear Chinese Restaurant, The Cape, The Corn Exchange, Claymore Bar, Brew Dog, Morrisons Cold Beer Company, The Albion Bar, No. 8 Clothing and various niche retailers who are located in Stirling Arcade. DESCRIPTION The premises comprise two interconnecting stone built terraced buildings arranged over four floors with a large surfaced car park to the rear. The LEGAL COSTS ground floor retail units have frontages onto King Street and extend over first floor in part. In addition, there are 5 flats on the upper floors (4 x 2 Each party will be responsible for their own legal costs incurred in connection bedroom flats and 1 x 1 bedroom flat). with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration ACCOMMODATION dues and any VAT payable thereon. The net internal areas are as follows: ENTRY Ground Floor 3,289 sq ft 305.55 sq m By agreement. First Floor 989 sq ft 91.88 sq m ENERGY PERFORMANCE CERTIFICATE RATING EPC Rating = G The retail premises are entered into the 2010 Valuation Roll as follows: A copy of the EPC and Recommendation Report can be provided upon request. VIEWING AND FURTHER INFORMATION Rateable Value £54,000 Strictly by appointment through the joint letting agent: Commercial Rate Poundage £0.51 (exclusive of water and sewerage rates) Culverwell Contact: PLANNING James Godfrey/Chris Thornton Tel: 0131 243 9603/0131 243 9617 The property is Category C listed and is situated within the Stirling town Email: [email protected] centre Conservation Area. [email protected] The property is contained within an area zoned for secondary retail with Eric Young & Co support for Class 1 use, but we understand that the planners will support Contact: Eric Lindgren changes of use to include student accommodation, hotel or leisure. Tel: 0131 558 5103 Email: [email protected] PRICE Offers in excess of £550,000 are invited for the heritable interest in respect of the entire building with the benefit of vacant possession or with the residential tenants in place. Details regarding the rental income are available on request. 68-70 GEORGE STREET, EDINBURGH EH2 2LT TEL: 0131 226 6611 FAX:0131-226 6622 web:www.culverwell.co.uk email:[email protected] Misrepresentation Act 1967: See Important Note Overleaf Stirling Goad Digital Plans are for identification only and not to be scaled as a working drawing and are based upon the Ordnance Survey Map with the permission of The Controller of Her Majesty’s Stationery Office © Crown Copyright 39954X. No part of this plan may be entered into an electronic retrieval system without prior consent of the publisher. May 2016 Experian Goad Plan Created: 25/05/2016 Created By: Culverwell 50 metresCulverwell for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; Copyright and confidentiality Experian, 2016. © Crown For more information on our products and services: (ii) all descriptions, reference to condition and necessary permissions for use and occupation, andwww.experian.co.uk/goad other details are given without | [email protected] and any | 0845 601 6011 intendingcopyright purchasers and or tenants database should rights not rely 2016. on them OS 100019885as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them and are advised to do so; (iii) no person in the employment of Culverwell has any authority to give representation or warranty whatever in relation to this property; (iv) all prices, rents and premiums quoted are exclusive of VAT at current rate. Poweredby TCPDF (www.tcpdf.org).

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