ADDRESS24 George Street, Perth, Perth And Kinross, PH1 5JR
TYPELeisure Property, Licensed & Leisure
TENUREBusiness for sale, Investment Opportunity, For Sale Freehold
POSTED ON17th December 2020
This is an excellent Restaurant Investment for Sale. 24 George Street is a very well presented restaurant located in the heart of Perth city centre. The property is a former bank building and is Grade B Listed. The front fa�ade of the property is very well presented with Georgian features and Quoins along both sides.
The property comprises a large restaurant area with servery, commercial kitchen, additional seating area, ladies, gents and disabled WC's and basement stores. The property was let, the current lease is due to expire in July 2035 and the current passing rent is £30,000 per annum.
The business is not for sale. The landlord is marketing his heritable interest in the property subject to the existing registered lease. Offers over £345,000 are sought for the heritable property which offers investors a net initial yield of 8.5% allowing for purchasers costs of 2.2%. ( Agency Pilot Software Ref: 31131 )