The subjects comprise substantial retail premises planned over ground, first and basement floors which are contained within a traditional mid terraced property. The property benefits from a full length window frontage to St John Street. The premises would suit continuation of the existing retail use or alternative uses such as restaurant/coffee shop subject to the appropriate planning consent.
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. St John Street is a popular pedestrianised location within the centre of Perth and includes established retailers such as McEwans of Perth Department tore, Lakeland, Edinburgh Woollen Mill, White Stuff and a number of other local and national retailers.
Accommodation
We calculate the net floor area of the subjects extends to the following:
Ground Floor - Sales Area - 125 sq m (1,349 sq ft)
First Floor - Sales Area - 145 sq m (1,558 sq ft)
Basement - Storage - 113 sq m (1,221 sq ft)
Total - 383 sq m (4,128 sq ft)
Terms
TERMS - Our client is seeking to enter into a lease agreement for a number of years to be negotiated. Rental offers in the region of £40,000 per annum will be considered.
RATEABLE VALUE - The subjects have been assessed for rating purposes at a Rateable Value of £40,900. The unified business rate for 2015/2016 financial year is XXX.
Specification
- Retail premises with potential for conversion to restaurant/coffee shop (subject to planning consent).
- Central pedestrianised location close to mcewans of Perth Department store, Lakeland, White stuff and Edinburgh Woollen Mill.
- Planned over Ground, First and Basement floors.
- Rent offers of £40,000 per annum.