Property photos
Auction
Freehold
Guide price
£999,000
Retail premises for sale
Stirling Thistle Marches Shopping Centre, Goosecroft Road, Stirling FK8Key Information
Local area information
Property location
Nearby amenities
- Allan's Primary School 0.3 miles
- Stirling 0.3 miles
- Riverside Primary School 0.6 miles
- Bridge of Allan 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Stirling to find out more about the local area.
Features and description
- Freehold
- Prestigious Thistles Shopping Centre location
- Fantastic prime freehold retail opportunity
- 25,000+ sq. Ft unit over two levels and basement
- Potential rental yield of 20%
- Perfect for national brand occupier or commercial investment
Freehold retail unit
Such a fantastic prime freehold retail opportunity is rarely available through auction. Unit 42 enjoys prime location on the Kings Mall within the prestigious Thistles Shopping Centre in the heart of Stirling, with nearby neighbours including renowned national brands such as Boots, Marks and Spencer and Primark. The total unit extends to approximately 25,474 sq.ft (2,367 sq.m) over ground floor (8,203 sq.ft/762 sq.m), first floor (12,132 sq.ft/1,127 sq.m) and basement/loading bay area (5,139 sq.ft/477 sq.m), with an impressive 20 metre frontage onto the main shopping mall. The loading bay is accessed directly from the service yard with a lift serving the floors above. There may be potential for this extensive unit to be split into multiple sub-units, subject of course to any required permissions. The unit was, until 2021, let to H&M with turnover based rental of £265,000 per annum, but is now operating under a Licence to Occupy by a Warehouse Clearance Outlet. A new tenancy could be negotiated with the existing tenant, or sold with vacant possession. Recent comparables for other occupiers in the centre would suggest a potential rental in the region of £200,000 per annum could be achievable, which would represent an outstanding rental yield of 20% at Guide Price. The 2023 rateable value is £200,000 and there is also an annual service charge of £15,000 payable to the Centre Management. Figures provided by the Centre Management suggest pre-pandemic footfall of 9 million and an average spend per visit of £52, making Unit 42 an exceptional prospect for a national brand to return to the Thistles as an owner/occupier, or could equally be a fantastic opportunity for a commercial investor to add a high yielding unit in prime location to their existing portfolio.
The Thistles Shopping Centre enjoys prime location in the centre of the ever popular city of Stirling. The Centre was originally constructed in 1976 and offers a total trading area of more than 500,000 sq. Ft, and is served by 1,350 car parking spaces. Other national brands in the Centre include Boots, Marks and Spencer and Primark, along with a multitude of other well known brands. Footfall in the centre exceeds 9 million, and Unit 42 is in ideal position to take advantage of this huge potential audience. Stirling train station is in the immediate vicinity offering several direct line trains per hour to both Glasgow and Edinburgh, with 3 million rail visitors to the city per annum. By road, Stirling is ideally located only 27 miles from Glasgow, 39 miles from Edinburgh and 44 miles to Dundee.
Purchasers notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission.
Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
Such a fantastic prime freehold retail opportunity is rarely available through auction. Unit 42 enjoys prime location on the Kings Mall within the prestigious Thistles Shopping Centre in the heart of Stirling, with nearby neighbours including renowned national brands such as Boots, Marks and Spencer and Primark. The total unit extends to approximately 25,474 sq.ft (2,367 sq.m) over ground floor (8,203 sq.ft/762 sq.m), first floor (12,132 sq.ft/1,127 sq.m) and basement/loading bay area (5,139 sq.ft/477 sq.m), with an impressive 20 metre frontage onto the main shopping mall. The loading bay is accessed directly from the service yard with a lift serving the floors above. There may be potential for this extensive unit to be split into multiple sub-units, subject of course to any required permissions. The unit was, until 2021, let to H&M with turnover based rental of £265,000 per annum, but is now operating under a Licence to Occupy by a Warehouse Clearance Outlet. A new tenancy could be negotiated with the existing tenant, or sold with vacant possession. Recent comparables for other occupiers in the centre would suggest a potential rental in the region of £200,000 per annum could be achievable, which would represent an outstanding rental yield of 20% at Guide Price. The 2023 rateable value is £200,000 and there is also an annual service charge of £15,000 payable to the Centre Management. Figures provided by the Centre Management suggest pre-pandemic footfall of 9 million and an average spend per visit of £52, making Unit 42 an exceptional prospect for a national brand to return to the Thistles as an owner/occupier, or could equally be a fantastic opportunity for a commercial investor to add a high yielding unit in prime location to their existing portfolio.
The Thistles Shopping Centre enjoys prime location in the centre of the ever popular city of Stirling. The Centre was originally constructed in 1976 and offers a total trading area of more than 500,000 sq. Ft, and is served by 1,350 car parking spaces. Other national brands in the Centre include Boots, Marks and Spencer and Primark, along with a multitude of other well known brands. Footfall in the centre exceeds 9 million, and Unit 42 is in ideal position to take advantage of this huge potential audience. Stirling train station is in the immediate vicinity offering several direct line trains per hour to both Glasgow and Edinburgh, with 3 million rail visitors to the city per annum. By road, Stirling is ideally located only 27 miles from Glasgow, 39 miles from Edinburgh and 44 miles to Dundee.
Purchasers notes
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission.
Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Auction House Scotland are registered with hmrc and carry out due diligence on all of our clients, please ask for more information on identification required prior to entering into a contract.
Cybercrime Warning
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. Please note that our bank account details will not change during the course of A transaction and we will not change our bank details via email. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.
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Property descriptions and related information displayed on this page are marketing materials provided by - Auction House Scotland. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Scotland for full details and further information.