Offers in region of
£2,300,000
(£342.77/sq. ft)
Studio for sale35 - 37 Upper Craigs, Stirling FK8
6,710 sq. ft
Freehold
About this property
Excellent City Centre location
Recently converted Student Accommodation
Provides attractively presented and good quality accommodation.
Offers in the region of £2.3 million are being sought for the heritable asset, goodwill, fixtures and fittings.
Description
The subject comprises a traditional three storey and basement property, which has been converted into student accommodation with 22 ensuite bedrooms set out within cluster flats including kitchen and living accommodation.
Each bedroom includes an ensuite in addition the bedrooms have a small double bed, a workstation and storage. The bedrooms typically range from circa 12 to 16 m2, other than the two accessible rooms on the ground floor which extend to circa 20 m2.
The kitchens all have integrated appliances with the ground floor kitchen having adjustable height sink and hob for occupiers with limited mobility.
The upper floors are split into two separate blocks on each floor, which allows the subject to be flexibly managed, which effectively comprises four self-contained flats.
Location
The subjects are situated on the Northern side of Upper Craigs, on the corner of the junction with Cameronian Street, in close proximity to the A811 road route which is one of the main routes through Stirling City Centre.
Stirling itself comprises an important town within Central Scotland lying upon the banks of the River Forth approximately 26 miles Northeast of Glasgow and some 30 miles Northwest of Edinburgh. The city forms the main administrative centre for the surrounding district providing extensive retail, leisure and local government facilities. Additionally, the city has a well renowned University.
The city enjoys a relatively diverse economic base. Tourism is particularly important to Stirling during the summer months with a large number of visitors attracted to the city and its surrounding historic sites and monuments including the Bannockburn Heritage Centre, Stirling
Castle and Wallace Monument; Stirling is also regarded as the gateway to the Trossachs.
The property lies within a mixed area, characterised primarily by commercial subjects at ground floor level with residential tenements above.
Viewings
Due to the nature of the property views are not available.
Specifications
The property benefits from mains supplies of gas, electricity and water. The property benefits from a dedicated super fast fibre to the building.
Business Overview
The rental income, as with this type of operation, will vary depending upon the time of the academic year. The property is currently managed by an agent on behalf of the owner whose office is next door. All 22 rooms are let for the current 2025/26 academic year running for 43 weeks at a
rental of circa £170 per week (£730 per calendar month). The property has been let at full capacity for the student academic years since its opening in September 2022.
The property has been operated as holiday lets for the months of July and August during the summer out with the academic year.
Trading Figures
Full accounts information will be made available to seriously interested parties.
The subject comprises a traditional three storey and basement property, which has been converted into student accommodation with 22 ensuite bedrooms set out within cluster flats including kitchen and living accommodation.
Each bedroom includes an ensuite in addition the bedrooms have a small double bed, a workstation and storage. The bedrooms typically range from circa 12 to 16 m2, other than the two accessible rooms on the ground floor which extend to circa 20 m2.
The kitchens all have integrated appliances with the ground floor kitchen having adjustable height sink and hob for occupiers with limited mobility.
The upper floors are split into two separate blocks on each floor, which allows the subject to be flexibly managed, which effectively comprises four self-contained flats.
Location
The subjects are situated on the Northern side of Upper Craigs, on the corner of the junction with Cameronian Street, in close proximity to the A811 road route which is one of the main routes through Stirling City Centre.
Stirling itself comprises an important town within Central Scotland lying upon the banks of the River Forth approximately 26 miles Northeast of Glasgow and some 30 miles Northwest of Edinburgh. The city forms the main administrative centre for the surrounding district providing extensive retail, leisure and local government facilities. Additionally, the city has a well renowned University.
The city enjoys a relatively diverse economic base. Tourism is particularly important to Stirling during the summer months with a large number of visitors attracted to the city and its surrounding historic sites and monuments including the Bannockburn Heritage Centre, Stirling
Castle and Wallace Monument; Stirling is also regarded as the gateway to the Trossachs.
The property lies within a mixed area, characterised primarily by commercial subjects at ground floor level with residential tenements above.
Viewings
Due to the nature of the property views are not available.
Specifications
The property benefits from mains supplies of gas, electricity and water. The property benefits from a dedicated super fast fibre to the building.
Business Overview
The rental income, as with this type of operation, will vary depending upon the time of the academic year. The property is currently managed by an agent on behalf of the owner whose office is next door. All 22 rooms are let for the current 2025/26 academic year running for 43 weeks at a
rental of circa £170 per week (£730 per calendar month). The property has been let at full capacity for the student academic years since its opening in September 2022.
The property has been operated as holiday lets for the months of July and August during the summer out with the academic year.
Trading Figures
Full accounts information will be made available to seriously interested parties.
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Monthly repayment
£11,505 per month
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