1 Royal Gardens, Stirling FK8 2RJ
A rare opportunity to acquire an entire block of six apartments on one of Stirling’s most sought-after streets – Royal Gardens. Sitting at the gateway between Stirling and the rest of Scotland, the property boasts unparalleled views of Stirling Castle, which it sits beneath.
Generating a consistent operating profit for 10+ years as self-catering apartments, Royal Gardens offers an attractive trading asset to prospective operators. With an extensive layout, there is also scope to redevelop the property into a higher number of rooms / apartments, that could then be sold off individually or to generate a higher turnover as a hotel / guesthouse (subject to planning).
Investment Manager Rettie &Co.
Property Details & Description
A gorgeous detached Victorian villa set over three floors, with direct views across King’s Knot (which has been Crown Property since 1100 AD) to Stirling Castle. The property currently operates as a 3-4* serviced apartment block targeting large group & family bookings. The property consists of six units, ranging from 60sqm-350sqm (646-3,767sqft), and total NSA of approx. 1,353sqm (14,574sqft).
It is located within its own private gardens to the east, south & west. The property benefits from gorgeous architectural detailing, elevated terrace with hot tub, and an on-site laundry room. There is off-street parking & access from both Royal Gardens and Albert Place, with permit parking available on the roads aswell.
Located directly on the Eastern edge of the King’s Park, the property enjoys exceptional views onto the castle and across to Ben Lomond & the Trossachs in the distance. The castle itself is a short 7min walk (0.3miles) from the property and almost opposite the property lies Stirling Golf Course.
Stirling High Street is a straight 10min (0.5miles) walk along Albert Place into town. Within a 0.7mile radius can be found Stirling Train Station, Thistle Shopping Centre, CodeBase, and Waitrose. Approx. 2 miles to the north west can be found the University of Stirling, National Wallace Monument and Bridge of Allan.
The property is residential. Note, the roof terrace application has been granted but not been developed. The attic conversion is currently in progress so there are not currently photos with that extension.
7th January 2020 – 19/00636/LBC | Alterations to roof to facilitate roof terrace | 1A Royal Gardens Stirling FK8 2RJ (Granted at Appeal)
3rd August 2018 18/00109/LBC | Alterations to existing apartment with addition of new stair leading up to new attic conversion | 1A Royal Gardens Stirling FK8 2RJ (Granted)
28th August 2014 - 14/00386/FUL | Conversion of garage to form additional bedroom and ensuite with living room | 1 Royal Gardens Stirling FK8 2RJ (Granted)
A scheme has been drawn up by the client’s architect to turn the 6 unit site into 12 units (subject to planning). Redeveloping into smaller units may enable higher sales values on £/sqft basis, or increase turnover on a per room basis. This scheme can be made available to interested parties.
As noted in the planning summary there is also a planning consent to create a west facing roof terrace for the ‘Queen’s’ apartment, which would enable exceptional views of both the Castle and the Trossachs.
PDF Floorplans can be provided to interested parties. Sizes have been provided by our client’s architect.
Royal Gardens Apartments - Kings
Royal Gardens Apartments - Albert
Royal Gardens Apartments - Victoria
Royal Garden Apartments - Gardens East
Trading & Turnover
Full Trading accounts can be provided to interested parties.
According to the Historic Environment website, the property is B Listed and part of the King’s Park conservation area.
EPC Rating – D – Full certificates can be provided to interested parties.
Viewings – By appointment only.
Price & Offers
Price on Application
Rettie & Co., their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either in writing or by word of mouth. Any information given is entirely without responsibility on the part of the agents or the sellers. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive and it should not be assumed that the property remains as photographed. Any error, omission or misstatement shall not annul the sale, or entitle any party to compensation or recourse to action at law. It should not be assumed that the property has all necessary planning, building regulation or other consents, including for its current use. Rettie & Co. have not tested any services, equipment, or facilities. Purchasers must satisfy themselves by inspection or otherwise and ought to seek their own professional advice.
3. All descriptions or references to condition are given in good faith only. Whilst every endeavour is made to ensure accuracy, please check with us on any points of especial importance to you, especially if intending to travel some distance. No responsibility can be accepted for expenses incurred in inspecting properties which have been sold or withdrawn.