The subjects comprise office premises occupied by Miller Hendry Solicitors arranged over 3 separate buildings. 6 Atholl Place comprises a mid terraced three storey and attic townhouse building of stone construction with pitched slate roof over. The property at Blackfriars Street comprises a mid terraced 2 storey and attic building also of stone construction with a pitched slate roof over. Interlinked with the Blackfriars Street property is a modern extension known as the Wendy House.
It comprises a 2 storey building of concrete block construction roughcast externally and with a pitched slate roof over. The internal accommodation comprises office space of varying sizes and with associated ancillary accommodation. The heating throughout is a combination of electric storage and gas fired heating. To the rear of the property there is a surfaced car park suitable for 12 car spaces, with a further 2 car spaces on Atholl Place.
Location
Perth, which has a population of approximately 45,000 persons (Source: Perth & Kinross Council), is the principal area of Perth & Kinross District and has recently been awarded City status. Historically known as the gateway to the Highlands, Perth enjoys close proximity to Scotland’s main cities with 90% of the country’s population accessible within 90 minutes drive time. Dundee lies approximately 35 km (22 miles) to the east with Edinburgh 69 km (43 miles) to the south and Glasgow 98 km (61 miles) to the southwest.
Perth is located at the base of the River Tay in the heart of Scotland with the A9 and A90/M90 giving easy access to Dundee, Edinburgh, Glasgow and the south beyond. The subjects are located in a popular business area of Perth overlooking the North Inch. Surrounding properties are of a similar nature and comprise a mix of office and residential occupiers.
Accommodation
TOTAL 702.90 sq m (7,566 sq ft )
Terms
TENANCY The property is let to The Firm of Miller Hendry on a lease expiring 30th June 2026. The current annual rental is £XXX per annum A full lease copy can be provided to all interested parties.
TERMS Our client’s heritable interest is available to purchase at offers over £XXX subject to and with the benefit of the existing lease. A purchase at this level show a net initial yield of 9.39% after deduction of normal purchasers costs.
COVENANT INFORMATION Miller Hendry is a long established legal and estate agency practice within the Tayside area operating from branches in Perth, Dundee and Crieff.
VAT Prices are quoted exclusive of VAT if applicable.
ENERGY PERFORMANCE CERTIFICATE Awaiting further details.
Specification
- FULL REPAIRING AND INSURING LEASE TO THE FIRM OF MILLER HENDRY SOLICITORS EXPIRING ON 30TH JUNE 2026.
- RENT - £XXX PER ANNUM.
- OFFERS IN EXCESS OF £XXX REFLECTING A NET INITIAL YIELD OF 9.39%.