The premises comprise a double retail unit with extensive frontage arranged over the ground and 1st floor of a two storey stone built building under a pitched and slated roof. The premises benefit from rear servicing.
Planning has been secured to sub-divide the premises in to 3 separate units - 2 units at ground floor and 1 unit at 1st floor, with a dedicated entrance of the High Street. Further information and plans on request.
Location
Perth is located approximately 44 miles north of Edinburgh and is known as ‘The Gateway to the Highlands’ due to its proximity to the Cairngorms which are easily accessible via the A9. As a consequence Perth is a popular stop off for tourists on their route north. The premises occupy a 100% prime location on Perth’s pedestrianised High Street.
More specifically the premises are located on the south side of the High Street in the block bounded by King Edward Street and Kirkgate. Nearby occupiers include M&S, Superdrug, HSBC, Caffè Nero, Fat Face and TUI. Round the corner on St Johns Place are a number of local bars and restaurants. The city centre will be boosted with the 2024 opening of the £26.5 million Perty City Hall Museum.
Accommodation
The net internal areas are as follows:
Ground Floor - Unit 1 - 1,900 sq ft (176.51 sq m)
Ground Floor - Unit 2 - 1,950 sq ft (181.16 sq m)
First Floor - 4,098 sq ft (380.71 sq m)
Total - 7,948 sq ft (738.38 sq m)
Terms
RATING - The premises are entered into the 2017 Valuation Roll as follows:
2023 Proposed Value £48,600
Commercial Rate Poundage £0.524
(exclusive of water and sewerage rates)
Rate Poundage TBC
Rateable value to be advised on completion of subdivision works.
PLANNING - Following a successful planning application the premises now benefits from Class 3 (Restaurant) and Class 11 (Leisure) consents along with Class 1 (Retail) consent under the Town & Country Planning (Use Classes) (Scotland) Order 1997.
RENT - On application.
PRICE - On application.
LEASE TERMS - The premises are available on the basis of a new long term Full Repairing and Insuring lease subject to 5 yearly upward rent reviews.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
EPC - A copy of the EPC and Recommendation
Report can be provided on request.
Specification
- Reconfigured premises providing 2 units at ground floor with separate 1st floor unit
- Class 3 (Restaurant) and Class 11 (Leisure) consents obtained
- New £26.5m Perth City Hall Museum opening in 2024
- New museum to bring an additional 162,000 visitors a year