The property is situated in a prominent corner location on the western side of Port Street, at its junction with King Street and Murray Place. The property is immediately opposite the main entrance to the Thistle Shopping Centre which houses retailers such as Marks & Spencer, Next, Zara, Boots, Debenhams and BHS. Other nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero.
Tenure
Heritable.
Location
Miles
25 miles north-east of Glasgow, 36 miles north-west of Edinburgh
The property is situated in a prominent corner location on the western side of Port Street, at its junction with King Street and Murray Place. The property is immediately opposite the main entrance to the Thistle Shopping Centre which houses retailers such as Marks & Spencer, Next, Zara, Boots, Debenhams and BHS. Other nearby occupiers include New Look, Monsoon, Laura Ashley and Caffé Nero.
Tenure
Heritable.
Description
The property comprises two retail units, one over part ground and first floors and one over ground floor only.
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Part Ground and First Floor
Retail
560.57 sq m
(6,034 sq ft)
SLATER MENSWEAR (1)
15 years years from 17/07/2006 until 16/07/2021
£73,750
17/07/2016 (16/07/2021)
Ground
Retail
84.44 sq m
(909 sq ft)
STIRLING FRESH FOOD LTD t/a Shakebar (2)
10 years from 31/10/2007
£32,500 (3)
(30/10/2017)
Totals
645.01 sq m
(6,943 sq ft)
£106,250
(1) Slaters is a leading name in menswear, womenswear and formal hire. Trading from 23 stores nationwide, this family run company is celebrating its 40th anniversary this year (Source: www.slaters.co.uk) (2) Shakebar is Scotland’s first milkshake bar and currently trades from four units (Source: www.shakebar.co.uk 11/06/20130) (3) The tenant is currently paying £25,000 p.a.x. following an agreement with the freeholder.
