TO LET
Unit 2B The Barracks
Forthside Leisure Park
Stirling FK8 1QZ

Restaurant / Leisure Opportunity
To Let

Ground Floor: 4,434 sq ft
Rent: Offers over £60,000 pa
Location

Stirling is located in the Central Belt of Scotland approximately 36 miles north west of Edinburgh and 26 miles north east of Glasgow. The city has a resident population of approximately 95,000 persons and provides easy access by road and rail to all major cities in the country.
The subject property is located within the established Forthside Quarter area of Stirling, situated less than half a mile from the Thistles Shopping Centre, the main retailing thoroughfare in the city centre.
Nearby occupiers include Nando’s, Vue Cinema’s, Toast Cafe, Premier Inn, Stirling Beefeater and Gabe’s Diner Bistro.

Description / Accommodation

Construcetd in 2008, Forthside Leisure Park benefits from an extensive car park complete over 450 spaces and several EV charging points. The scheme benefits from excellent pedestrian links and connectivity with the city centre via the Forthside Bridge. There are no nearby competing leisure schemes, providing the current operators with strong year round trade. The subjects comprise a large self-contained restaurant unit within the development. Internally, the subjects provide an open plan space, accommodating up to 120 covers. The unit is currently fitted out to facilitate a restaurant operator however it would be suitable for other leisure uses subject to the relevant planning consents.
The premises are arranged over ground floor level only and comprise the following approximate net internal area:
Ground Floor:  4,434 sq ft / 412.08 sqm

Lease / Rent

The premises are available by way of a new 10 year FRI lease. Offers in excess of £60,000 pa are invited. The property is elected for VAT and therefore is payable on all outgoings.

Service Charge

The current on account service charge is £9,110 pa exclusive of VAT.

Rates

Rateable Value:     £111,000
UBR (2023/24):     £0.498
Rates Payable:     £58,164 pa

Planning / EPC

The premises benefit from having Class 3 (Food & Drink) consent. An EPC Report is available on request.

Legal Costs

Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.

Anti-Money Laundering Regulations

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the
relevant time.

TO LET

Unit 2B The Barracks
Forthside Leisure Park
Stirling FK8 1QZ
Viewing strictly by appointment with ORINSEN

Tom Forster
T. 0131 374 1111
M. 07919 920 126
E. tforster@orinsen.com

Joe Stephenson
T. 0131 374 1111
M. 07580 519 431
E. joe@orinsen.com

Important Notice

ORINSEN, their clients and any joint agents give notice that:

They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.  They assume no responsibility for any statement that may be made in these particulars.  These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

Any areas, measurements or distances are approximate.  The text, photographs and plans are for guidance only and are not necessarily comprehensive.  It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.

Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

Published 30.09.20

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