Investment property with commercial tenant

Income producing investment comprising a ground and first floor commercial unit in a prime town centre location, let on an F.R.I. lease to Caffè Nero producing £37,500 per annum with an estimated rental value of £42,500 per annum. The property is held on a full repairing and insuring head lease to Nero Holdings Ltd t/a Caffè Nero expiring July 2030. The unit is set within a larger four-storey traditional sandstone development and benefits from a prominent return frontage onto Port Street and King Street, occupying a highly visible position in Stirling town centre. Internally, the premises have been extensively renovated in accordance with Caffè Nero corporate specifications, featuring open-plan customer seating and ordering space across ground and first floors, complemented by partitioned toilets on each floor along with stores, a staff room, and an office. The internal floor areas extend to approximately 118.25 sqm (1,273 sq ft) on the ground floor and 73.79 sqm (794 sq ft) on the first floor, providing a total combined area of approximately 192.04 sqm (2,067 sq ft). The property is centrally located on the west side of pedestrianised Port Street, directly opposite Marks & Spencer and The Thistles Shopping Centre. Stirling sits in the heart of central Scotland, approximately 36 miles north-west of Edinburgh and 26 miles north-east of Glasgow, benefiting from a resident population of around 40,000, prominent tourist attractions, a highly regarded university, and excellent public transport links.