103 Henderson Street

Henderson Street, Bridge of Allan, Stirling, Stirlingshire, FK9 4HH

Offers Over £1,000,000

0.52 acres

  • Key Features
  • Approximately 0.52 acres (0.21 hectares)
  • Detailed planning permission for 14 residential units
  • Located in one of Scotland’s most desirable towns
  • Prominent position of the main thoroughfare and within walking distance of local amenities and train station
  • Services on site
  • Location
  • Bridge of Allan is an extremely popular and highly desirable town and is located approximately 3 miles north of Stirling in Central Scotland. With a population of around 100,000 people in the Stirling Council Area, Stirling is centrally located between Glasgow and Edinburgh.
  • 103 Henderson Street is centrally located within Bridge of Allan and in close proximity to a wide range of local amenities including independent and national retailers, a post office, pharmacy, pubs, cafes, restaurants and a community centre.
  • The town is well connected being a short distance to the east of the M9 motorway and benefits from a mainline train station (0.5 miles from the property) with regular services to Edinburgh (55 mins) and Glasgow (45 mins).
  • The property lies within the catchment of Bridge of Allan Primary School and Wallace High School, both of which are highly regarded. Stirling University lies a short distance to the east of the town and is one of Scotland’s leading universities with a student population of approximately 17,000 people.
  • Description
  • 103 Henderson Street comprises an attractive Victorian villa with various extensions added at a later date. The property is of traditional stone construction under a pitched slate roof. The property until relatively recently has been used for commercial purposes as a hotel.
  • The development proposals include the demolition of the poor quality extensions and replacement with new build apartment blocks and the refurbishment and conversion of the villa.
  • The property sits in a plot extending to approximately 0.52 acres with mature trees and the development will include landscaped areas and ample car parking to the front.
  • Planning
  • The subjects benefit from detailed planning permission subject to the completion of a Section 75 agreement for demolition of the existing extensions, conversion and the erection of 14 residential apartments, granted by Stirling Council under ref: 22/00470/FUL. The property benefits from listed building consent due to the building being category C listed and also within a conservation area under ref: 22/00471/LBC.
  • It should be noted that a Section 75 agreement will require to be signed dealing with affordable housing contributions and open space and waste management.
  • In addition to 103 Henderson Street, the sellers also owns the adjacent property 105 Henderson Street which may avaialble by separate negotiation.
  • Technical Information and Data Room
  • Technical information is available in an online data room, containing relevant information in relation to the planning permission, site layout drawings and elevations, structural engineers report, service infrastructure plans and other information required by interested parties to undertake the necessary due diligence to quantify their bids to purchase.
  • The pertinent information is available via an online data room – please contact Galbraith for access.
  • Alternatively, the detailed planning permission ref 22/00470/FUL can be viewed on The Stirling Copuncil planning portal:
  • https://pabs.stirling.gov.uk/online-applications/caseDetails.do?caseType=Application&keyVal=RF2AQUPIGJA00
  • or the listed building planning permission ref: 22/00471/LBC can viewed by following the link below:
  • https://pabs.stirling.gov.uk/online-applications/caseDetails.do?caseType=Application&keyVal=RF2ARAPIGJD00
  • Any further planning enquiries can be directed to Stirling Council.
  • Method of Sale
  • Offers are invited for the freehold interest in the site with vacant possession.
  • Offers should be presented in heads of terms format and should include the following minimum information:
  • • Bidding party name, company name and status
  • • Purchase price and method of payment
  • • Conditions of purchase
  • • Proposed timescales for further due diligence and anticipated key delivery dates for submitting a planning application (if required).
  • • Anticipated constraints and issues
  • • Proof of funding
  • • Requirement for Board approval and other third party approval
  • • Legal representatives details
  • A deposit of £25,000 will be paid on the conclusion of missives, the deposit will be non-refundable but deductible from the purchase price.
  • Interested parties will be notified of a closing date and requested to submit a heads of terms offer. Galbraith will issue the required form of offer to interested parties on notification of the closing date. The form of offer will include the minimum information required and timescales.
  • We recommend that interested parties note their interest in the site in order to be kept informed of any closing date and to receive any additional pertinent information.
  • It is expected that interviews will be held with selected bidders. Once a preferred bidder has been selected it is expected that an offer to sell will be issued by our client’s solicitor.
  • Legal Costs
  • Each party will be responsible for bearing their own legal costs. The purchaser/s will be responsible for LBTT, registration dues and VAT incurred in connection with the transaction.
  • Viewing and Further Information
  • The site is open and may be viewed without prior appointment, however, parties are asked to give due courtesy to owners of property and to give due consideration to bio security risks and welfare of any livestock present on the subjects.
  • Any enquiries or requests for further information should be directed to the sole selling agents as undernoted.
  • Galbraith
  • Suite C,
  • Stirling Agricultural Centre,
  • Stirling,
  • FK9 4RN
  • Harry Stott
  • harry.stott@galbraithgroup.com
  • 01786 434 630
  • 07909 978 644