Prime Town Centre Position
Return Frontage
Ground, Basement & Part 1st
5,059sq ft
Full Renovated
Let to Bob & Bert’s
Expiry: April 2037
Passing Rent: £40,000p.a.x
Rent Reviews: 5 yearly (next April 2027)
Price: £525,000
Location
The premises occupy a 100% prime location on Perth's pedestrianised High Street in close proximity to Primark which anchors the St John's Shopping Centre.
Perth is located approximately 44 miles north of Edinburgh and is known as "The Gateway to the Highlands" due to its close proximity to the Cairngorms which are easily accessible via the A9. As a consequence, Perth is a popular stop off for tourists on their route north.
More specifically, the premises are located on the south side of the High Street on the corner with King Edward Street. Nearby occupiers include Fat Face, Superdry, W H Smith, M&S, Next and New Look.
Description
The premises comprise a double windowed retail unit arranged over the ground, basement and first floors of a stone constructed building. The premises benefit from additional frontage onto King Edward Street.
The property has been extensively renovated by the tenant in their corporate colour scheme, with booth and loose seating along with large kitchen, store, manager office, staff room and customer w.c facilities.
Area
The net internal areas are as follows:
Ground Floor: 223sqm (2,400sq ft)
Basement: 238sqm (2,562sq ft)
First Floor (Staff): 9sqm (97sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Bob & Bert’s Perth Limited
Expiry: April 2037
Passing Rent: £40,000p.a.x
Rent Review: 28th April 2027
Tenant Break: 28th April 2030
Proposal
Our client is offering their freehold interest in the subjects for £525,000
V.A.T
Figures quoted are exclusive of V.A.T
Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction.
Energy Performance Certificate
Available on request.
Viewing
Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
