Investment Opportunity For Sale , 4 High Street, Crieff, PH7 3BS

The subjects comprise a ground floor retail unit contained within a mid-terraced three storey property understood to date from 1900’s. The ground floor has traded as a toy shop for many years, whilst the upper floors are in private residential use. The main walls are of stone construction and the roof over is pitched and clad in slate. The property is accessed via a recessed timber single glazed pedestrian door located between a small timber single glazed window frontage.

Location

Crieff provides a range of local services including medical, banking and shopping facilities together with both primary and secondary schools. In addition to serving its residents in the adjoining catchment, Crieff is a popular destination with tourist and visitor traffic. The subjects are positioned on the main retail thoroughfare of Crieff with neighbouring occupiers comprising a mix of local and national retailers. The subjects are positioned on the main retail thoroughfare of Crieff with neighbouring occupiers comprising a mix of local and national retailers.

Accommodation

70.57 sq.m (760 sq.ft)

Terms

Our client is inviting offers at £65,000 which reflects a net initial yield of 13.75%

Rateable Value £8,100 The tenant therefore benefits for 100% rates relief.

Energy Performance Certificate Rating – B.

VAT All figures are quoted exclusive of VAT.

Legal Costs Each party will to bear their own legal costs in connection with the sale of the property.

Specification

• Let to long standing occupier Play 2 Learn Ltd now continuing by tacit relocation.
• Annual rent - £9100 per annum
• Net Area – 70.57 sq.m (760 sq.ft)
• Asking Price - £65,000
• Net Initial Yield – 13.75%