Address: 18 Port Street
Size: 38.64 m² (416 ft²)
Price: £16,500 per annum exclusive

Prime Shop To Let

Opposite the Thistle Marches

Location

Stirling enjoys an estimated resident population of 40,000 persons and a regional catchment of 270,000 (20-minute drive time), being located approximately 26 miles north east of Glasgow and 36 miles north west of Edinburgh.

The town centre retail provision is essentially focused on the Thistle Marches Shopping Centre, together with the more traditional “high street” pitches of Murray Place, Port Street and King Street.  The subjects are well located on the west side of Port Street opposite the entrance to the Thistle Marches and M&S with New Look, Mountain Warehouse, Slater Menswear and Greggs all close by.

Accommodation

Formed over ground floor the shop affords the following measured areas and dimensions:-

Gross Frontage     :                4.39 m           (14’ 5”)
Net Frontage         :                3.02 m           (9’ 11”)

NIA                          :                38.64 m²         (416 ft²)

The unit is currently sub-divided to provide sales area to front with staff/storage to rear.

Lease Terms

The subjects are available to let on a new lease on FRI terms for a period to be agreed.

Rent

We are seeking offers in excess of £16,500 per annum exclusive.

Energy Performance Certificate

A copy of the certificate can be provided on request.

Rating

Rateable Value (22/23):      £15,700

Retail properties currently benefit from 100% rates relief until 31/03/22 and we note that a new occupier has the right of appeal against the entry in the Valuation Roll within 6 months of taking entry. We have been verbally advised by Central Assessor that the Rateable should fall to be reduced on appeal, further details on request.

Entry

Early entry can be provided upon completion of all formalities.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction, with the ingoing tenant being responsible for LBTT, registration dues and VAT.

VAT

All terms are quoted net of VAT where applicable.

Money Laundering Regulations

To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding.  Applicable documentation will therefore be required on agreement of Heads of Terms.

Further Information/Viewing

All appointments to view and further information may be secured through this office.