The subjects comprise a ground floor end terraced/corner property contained within a 3 storey building of traditional stone construction. The property benefits from frontage onto Kinnoull Street and Atholl Street.
For the past 27 years the property has been utilised as a popular restaurant which provides approximately 60 covers, cocktail bar area, kitchen and separate male, female and disabled w.c’s. The existing fixtures and fittings are available for sale by separate negotiations with the existing tenant.
Although the property has been utilised as a restaurant, it is equally well suited for alternative uses to include retail or office.
Location
Perth is a city in central Scotland, located on the banks of the River Tay. It is the administrative centre of Perth and Kinross council area and the historic county of Perthshire. According to the preliminary 2011 census results Perth, including its immediate suburbs, has a population in the region of 50,000.
Perth’s city centre is situated to the west of the banks of the River Tay. The pedestrianised portion of the High Street, which runs from the junction of St John Street to Scott Street, is the main focus of the shopping area. The centre has a variety of major and independent retailers.
From a local context the property is situated on the eastern side of Kinnoull Street at its junction with Atholl Street.
Accommodation
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):
190m²/2,045ft²
Terms
Proposal - Lease from £28,000 per annum for a new FRI lease.
Planning - All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Perth & Kinross Council Planning Department.
Rating - Rateable value £15,600.
EPC - A copy of the EPC will be available upon request.
Closing Date - A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.
VAT - All prices, premiums and rents quoted are exclusive of VAT.
Specification
- £28,000 PER ANNUM
- 2,045 FT²
- LICENSED CLASS 3
- RESTAURANT
- SUITABLE FOR ALTERNATIVE USES
- WITHIN WALKING DISTANCE OF THE CONCERT HALL, THEATRE & CINEMA
- PRIME CORNER LOCATION