Speculative Sterling

Speculative Sterling

The first speculative commercial property development in more than five years is set to hit the market in Stirling.

Colliers International has been appointed to let the circa 30,000 sq ft development on Springkerse Industrial Estate, on behalf of owner Bluewater.

Already under construction, a total of eight units are available - ranging from 1,800 to 7,210 sq ft, where all can be combined to offer larger space.

Bryce Stewart, director of Industrial and Logistics at Colliers International in Scotland, said: "This is the only speculative scheme in Stirling at the moment and there has not been anything like this come to the market in over five years, so naturally there is a high level of interest.

"Given the recovery in industry in recent years, many expanding firms are seeking new premises and they tend to favour premium quality space, so there is a pressing demand for developments such as this one at Springkerse Industrial Estate.

"With its excellent road links to Edinburgh, Glasgow and beyond, it would not be surprising to find firms moving to the Stirling area in order to benefit from these premises."

Mr Stewart said it was too early to comment on rent levels or rateable values, which would be assessed on completion.