Retail Premises with Development Potential

Key Information

• Vacant Class 1A retail building (formerly a BHS) extending to approximately 20,180 Sq Ft (NIA) and occupying a site area of circa 0.14 acres.
• Formerly accessed directly into the main shopping centre, The Thistles
• Due to the central location and superb accessibility, we also anticipate the leisure sector showing interest, specifically gyms and food halls
• Potential for redevelopment to create a mixed-use or hotel scheme, subject to planning permission
• High Street location within Stirling town centre and main regeneration area, approximately 4 minutes walk from Stirling Station.
• Offers invited for the freehold interest. Guide Price on Application

Property Description

The existing property comprises a retail building (Use Class 1) which extends to approximately 20,180 ft2 NIA over 5-storeys. The property was most recently operated by British Home Stores and is arranged with an open plan sales area at ground floor with further sales areas, restaurant and storage across the upper floors. The site has frontages on to the Murray Place in the heart of Stirling Town Centre. The main customer entrance would be off Murray Place, with secondary access and servicing taken through the rear the service yard. Should an occupier be interested in securing access directly from this unit into The Thistles Shopping Centre, this would currently be possible on separate negotiation.

The property is prominently located between Murray Place and The Thistles Shopping Centre in the heart of Stirling. The Local Authority is Stirling City Council. The immediate area comprises a wide range of retail, residential and most recently student uses, with numerous shops, restaurants and amenities available within close proximity of the site. Formerly the BHS unit connected through into the Thistles, however this rear section was leased and does not form part of this disposal. 3 units, connecting the rear of the subjects were created and we understand that one remains available, which could provide access through from the subjects. Stirling Station is located approximately 0.2 miles from the property, currently direct trains to Glasgow transport passengers into Glasgow City Centre within 30 minutes.