Tenanted Commercial

tatus: Available Type: Commercial Ownership: Freehold Occupation: Tenanted Rateable Value: Search Prime town centre location Blue Chip Tenant Ground Floor Property Let To Specsavers Expiry: August 2026 Passing Rent: £29,000p.a.x The property has been calculated to extend to the following internal area

139.03sqm (1,503sq ft) Tenant: Specsavers UK Limited Expiry: 18th August 2026 Passing Rent: £29,000p.a.x Covenant Info: Specsavers UK Ltd are part of the Specsavers Optical Group with over 2,700 stores worldwide. Specsavers are a long standing tenant having occupied to property for more than a decade. The vendor has elected to waive exemption for VAT and accordingly VAT will be payable on the purchase price, although we anticipate that the property will qualify as a Transfer of a Going Concern. 23 Murray Place comprises a retail unit on the ground floor of a 3 storey and attic traditional tenement block of stone construction under a pitched roof, clad with slates. The property benefits from excellent frontage onto Murray Place, with fullheight glazed display windows and recessed entrance door.

Internally the property is attractively fitted out to a typical Specsavers specification. It should be noted that the tenant also occupies space on the first floor of the building on a co-terminus lease, which is under separate ownership and does not form part of the sale. Specsavers are a long standing tenant having occupied to property for more than a decade.

The property has been calculated to extend to the following internal area

139.03sqm (1,503sq ft)

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Specsavers UK Limited Expiry: 18th August 2026 Passing Rent: £29,000p.a.x Covenant Info: Specsavers UK Ltd are part of the Specsavers Optical Group with over 2,700 stores worldwide. In the UK and Ireland alone, they have approximately 2,200 stores operated within their own group and franchise holdings. Specsavers UK Ltd reported an annual turnover of approximately £2.6 billion for the financial year ending February 2023.

The vendor has elected to waive exemption for VAT and accordingly VAT will be payable on the purchase price, although we anticipate that the property will qualify as a Transfer of a Going Concern (TOGC). The City of Stirling is an affluent and historic city located at the heart of Scotland’s motorway network and is the main administrative and financial centre for the Stirling Council area. The city is located approximately 30 miles North West of Edinburgh and 25 miles North East of Glasgow, and benefits from major tourist attractions including Stirling Castle and The National Wallace Monument. Stirling has a population in excess of 93,750 people (Stirling Council, 2016), with c. 55% of Scotland’s population estimated to live within an hour’s drive and approximately 80% within a two hour drive. The city’s population is projected to increase by 16.3% to 105,860 people by 2037, significantly ahead of the projected increase for Scotland over the same period. The University of Stirling is one of the city’s largest employers, with 14,000 students and over 1,500 staff Full Address: 23 Murray Place, Specsavers Investment, Stirling, FK8 1DQ