Retail Property (High Street) in Perth
54 West Mill Street, Perth, PH1 5QP
- Lot No: 13
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional Sale
Guide Price* £87,000+ plus fees
Result Sold After Auction
The property comprises a ground floor takeaway contained within a three storey terraced tenement of stone construction rendered externally whilst the roof is pitched and clad in slates. There is a rear lean-to extension of brick construction with mono pitched slate roof. The property is fully fitted for hot food takeaway use.
We calculate the gross floor area of the property extends to 37.58 sq.m. (405 sq.ft.) or thereby comprising Front Shop and Serving Area, Preparation Area, Rear Storey and Toilet with W.C.
The property is let to an experienced hot food operator, on a 15 year lease from September 2019 with tenant break option after 10 years. The Rent is paid quarterly as follows and the Landlord holds a 4 month rental deposit: Years 1-2 £8,580 per annum Years 3- 5 £10,400 Years 6-8 £11,500 Years 9-11 £12,500 Years 12-15 £13,500
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 of 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. The property is situated within a central location of Perth at the junction of West Mill Street and North Methven Street. Surrounding occupiers include, West Mill Street Library and Mercure Perth Hotel. A number of popular public houses are located within the vicinity and as such the premises are well located for hot food takeaway use.
The buyers fee on this lot is 3.6% inc VAT subject to a minimum of £4,800
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
See Legal Pack
- Buyer’s Fee- payable on exchange of contracts. This is listed within the property details.
Date 30th March 2021
Venue Shepherd Commercial Property Auction
The auction will be conducted by SDL Property Auctions auctioneer Andrew Parker, behind closed doors and broadcast live online with remote bidding only. Please CLICK HERE to submit a bid.
If you have any questions, call our team on 0345 222 0197