DESCRIPTION
The subjects comprise two detached single storey converted light industrial buildings with steel portal frame and concrete slab construction surmounted by pitched roofs.
The buildings are currently utilised as a serviced office facility providing 37 suites in its current configuration. Each suite is fitted out to a high standard with the floors being carpeted whilst the walls are plastered and painted and the ceilings are of suspended tile.
The main building has a large boardroom which tenants are able to use and each building also provides a kitchen, male, female and disabled w.c.
The site provides a good level of private onsite parking and attracts a diverse range of occupiers including care operators, professional services and ecommerce businesses.
ASSET MANAGEMENT OPPORTUNITIES
Interested parties could continue to manage the site as a business centre whilst trying to regear existing leases. Fully occupied the property would offer a gross yield of circa 18%. Alternatively, the existing buildings could be converted back to light industrial use, or the site could be fully redeveloped for a range of uses including offices, trade counter, industrial or drive thru subject to planning.
PROPOSAL
Offers over £545,000 are invited for the Heritable interest.
FLOOR AREAS
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate areas:
| Gross Internal Area (GIA) | Net Internal Area (NIA | |||
| Block | Sq Ft | Sq M | Sq Ft | Sq M |
| 1 | 8,033 | 746.3 | 5,498 | 510.8 |
| 2 | 9,088 | 844.3 | 6,995 | 649.9 |
| Total | 17,121 | 1,590.6 | 12,493 | 1,160.7 |
PLANNING
All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Stirling Council Planning Department.
CLOSING DATE
A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale/lease of the property.
EPC
Block 1 – G
Block 2 – F
VAT
All prices, premiums and rents quoted are exclusive of VAT.
