15 South Methven Street, Perth, PH1 5PE
821 Sq Ft / Retail / General Retail
For Sale
- £240,000.00
Available - Last updated: 18 March 2024
Summary
Mid-terraced ground floor retail premises forming part of a larger blonde sandstone building where the upper floors are in residential use.
Externally benefits from aluminium framed shopfront with adjacent pedestrian access door.
Internally provides open plan accommodation with public front area complete with staff / customer toilets and kitchen tea prep to the rear.
Key Points
Let to Power Leisure Bookmakers Ltd t/a Paddy Power | Credit Safe "A" RatingShareholders funds of £1,614,087,000Lease expiry in September 2029Tenant did not exercise their break in 2022 demonstrating commitment to the sitePassing rent of £22,500 pa - Open Market Rent Review in 2024Tenant break in September 2026 with 6 month penalty if exercisedFull FRI lease, no schedule of conditionOffers over £240,000 = NIY 9.18%Location
Located within the city of Perth with a catchment population in excess of 120,900 people.
More specifically the subject property is located within the heart of Perth city centre on the west side of South Methven Street between its junctions with High Street and Mill Street.
South Methven Street is a busy local pitch where neighbouring occupiers include Johnsons The Cleaners, Perth Dental Care, Pizza Express and Marians of Perth Ladies Clothing.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£240,000.00
| NA |
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