Multi-let industrial investment opportunity with asset management opportunities.
The City of Perth lies approximately 45 miles to the north of Edinburgh, 59 miles north east of Glasgow and 22 miles to the west of Dundee. Perth has a resident population of approximately 45,000 and is the principal city of Perth and Kinross District. Perth is strategically placed between Scotland’s four major cities and offers excellent road communications via the M90 south and the A9 to the north and west towards Glasgow. A major road improvement scheme is also underway to improve links with Inverness. The £3 billion scheme involves the upgrade of 80 miles of single carriageway along the A9 between Perth and Inverness by 2025.
> Well placed to benefit from excellent links to local and national road network
> Located in an established industrial location in Perth
> 19 industrial units extending to 34,390 sq ft (3,195 sq m)
> 1.97 acres (0.79 hectares) providing a low site density of 40%
> Passing rent of £99,995 per annum > 60% of the current income is secured to Howdens
> Opportunity to increase the rental income through letting vacant space
> Heritable interest (Scottish Equivalent of English Freehold)
The subject properties are situated within the North Muirton Industrial Estate off Arran Road. The industrial estate is accessible via Dunkeld Road which provides direct access to the A9 trunk road at the Inveralmond Roundabout. The units are approximately 2 miles north of Perth City Centre, with a mixture of industrial uses and residential housing in the area. This is an established industrial district, with Inveralmond Industrial Estate situated to the north west of the subject property.
Serviced Development Plot
Serviced development plot extending to 0.24 hectares (0.6 acres) Last remaining development plot Class 4 'Business' and ancillary uses will be encouraged where they are complimentary to the function of the business park Construction of other development plots underway - Greene King Farmhouse Inn, Costa Drive Thru, Peter Vardy Porsche Centre and Class 4 office development Occupiers already located at Broxden Business Park include SEPA, Lloyds Banking Group, Persimmon Homes, Savills, RWE Npower Renewables, Broxden Dental Care, Balhousie Holdings, Gillespie Macandrew, Mouchel and Waterman Group Regarded as one of Perth's most prestigious business locations Situated adjacent to Broxden Roundabout, the location benefits from good visibility and excellent transport links into Perth City Centre and Scotland's motorway network.
Strictly by appointment by the sole agents.
The subjects comprise a 2 storey retail unit that enjoys an extensive retail frontage, incorporating substantial display windows and a centrally positioned entrance door. The subjects occupy a prominent location a short distance south of the City centre lying on the west side of Scott Street.
Surrounding properties are a combination of various commercial and residential uses. Close by there is provision of on street public car parking, including a large public car park.
The property comprises a corner terraced traditionally constructed retail unit contained within a tenement building. The retail space on the ground floor has been further extended to the rear.
The property is located in a prominent trading position at the corner of South Street and Scott Street within Perth city centre immediately south of High Street.