The subject property occupies a prominent position on the east side of Port Street, one of the key retailing throughfares in Stirling. Nearby occupiers include Marks and Spencers, New Look and the Bank of Scotland. One of the main entrances to The Thistles Shopping Centre is nearly adjacent to the property which adds to the already significant footfall. The Thistles Shopping Centre provides 600,000 sq. ft. of retail accommodation with tenants including Debenhams, H and M, Zara and Next.
The property occupies an extremely prime position on Port Street near the entrance to The Thistles Shopping Centre.
We are instructed to seek offers in excess of £550,000 (Five Hundred and Fifty Thousand Pounds) exclusive of VAT. A purchase as this level would show an attractive net initial yield of 13.89% after allowing for standard purchasers costs of 4.71% including LBTT (Land and Building Transaction Tax). With a reversionary yield of 9.03% in January 2021. ( Agency Pilot Software Ref: 49630 )