Page 17 - Shepherd Commercial Auctions - Catalogue 07/09/2023

Lot 11 3-7 Murray Place Stirling, Stirlingshire FK8 1DQ Redevelopment opportunity
Features
• Attractive Category "B" Listed stone and slate building
• Located in a prime retail and residential location in Stirling City Centre
Accommodation
The property consists of a Category "B" Listed four-storey mid-terraced property of traditional stone and slate construction.
The property currently provides the following;
* Ground floor retail
* First-floor retail/office
* Second-floor comprises storage (with potential for redevelopment subject to the necessary planning consents)
* A top-floor residential flat
Tui Travel Agents previously occupied the property.
Location
Stirling is located in the heart of Scotland. It has a resident population in the region of 45,000, whilst the wider Stirling Council area has a population of 90,000. Stirling has excellent transport links being adjacent to the M9 motorway, which links it to Glasgow and Edinburgh. Stirling also has mainline railway station providing regular connections to all of Scotland's main cities.
The subjects are situated in a prime retail and leisure location in the heart of Stirling City Centre, with excellent access to local amenities, transport links and leisure activities. The Thistle Shopping Centre is located adjacent to the subjects and the train and bus stations are circa 0.2 miles and 4 minutes walk to the east. There are also ample local coffee shops, bars and restaurants within the vicinity of the subjects.
The subjects are specifically located on the northwest side of Murray Place. Murray Place connects with Port Street to the west and King Street to the north, and together with the Thistle Centre, form the prime retailing streets within Stirling City Centre. To the south, the property connects with Burghmuir Road, which gives access to the train and bus stations. Burghmuir Road connects with Glasgow Road, providing access to the M9 and M80 motorways via the Bannockburn Interchange 3.5 miles west. Edinburgh and Glasgow are easily accessible by road and public transport, 37 miles east and 27 miles west, respectively. Neighbouring occupiers are generally retail and residential in nature.
*Guide Price £180,000 plus VAT (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price and auction fees
Energy Performance Rating The property will require an EPC upon completion of redevelopment works.
Rateable Value
The subjects are entered in the current Valuation Roll as follows: Ground and First floor, Retail/Office - RV £19,600
Second Floor Workshops – RV £5,100
The top floor flat (right) has a Council Tax rating of C.
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £2,100 inc VAT(£1,750 plus VAT).
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