Discovering Perth: Scotland’s Former Capital and Its Influence on Culture and Commercial Property
Photo by Kevin McConnell on Unsplash
Situated along the banks of the River Tay and known as the “Gateway to the Highlands, the city of Perth, Scotland, holds a treasure trove of historical significance. The city’s historical significance and cultural attractions have an impact on its commercial property sector. Here’s how:
Cultural landmarks such as the Perth Art Gallery (one of Scotland’s oldest museums) and the annual Perth Festival of the Arts attract tourists and locals alike, driving foot traffic to nearby businesses. Retail shops, cafes, and restaurants benefit from the steady stream of visitors, boosting their revenue and encouraging new businesses to set up shop in the area.
Perth has always been considered a prime strategic location for distribution and logistics companies. With excellent transport links, including its railway connections and proximity to major cities like Edinburgh and Glasgow. To accommodate the growing number of visitors and support local businesses, infrastructure improvements are often prioritised. Better roads, public transport links, and enhanced public spaces not only benefit tourists but also improve the quality of life for residents and the attractiveness of commercial properties. There are several infrastructure developments currently in progress in Perth including:.
The Cross Tay Link Road which is due to be completed in 2025 will see the construction of a new 3-span bridge over the River Tay and a six kilometre stretch of new carriageway which will see many transport network and traffic flow improvements.
The Perth West project will “accelerate clean inclusive growth of Perth through investment in infrastructure and land that enables climate change adaptation, skilled employment opportunities and public amenities to come forward at speed”.
The presence of significant cultural landmarks can stimulate new commercial developments. Hotels, entertainment venues, and retail complexes often spring up to cater to the influx of tourists and the local community’s needs, leading to a dynamic and evolving commercial property market.
Cultural institutions and events foster a sense of community and engagement. This vibrant community atmosphere makes the area more appealing to businesses looking to establish a presence in a supportive and active locale.
The category B-listed Perth City Hall. reopened in March 2024 and has been transformed into a museum facility with exhibition spaces, learning suite, café and retail space.
The desirability of locations near historic sites and cultural attractions often leads to higher property values. Investors and businesses are willing to pay a premium for commercial properties in these prime areas, recognising the long-term benefits of being situated in a culturally rich environment.
As Perth looks to the future, its storied past remains a cornerstone of its identity, driving growth and prosperity in its commercial property market and ensuring that its legacy as a historical and cultural hub endures for generations to come.
Whether you are looking for commercial property with historic charm or in a strategic location, with modern facilities search novaloca.com for a wide range of Perth options.
