The subjects comprise two entire and adjoining buildings located within the centre of Perth. 140-144 comprises 2 ground floor units within a mid-terraced 3 storey and attic traditional stone and slate building. The adjoining building at 146-150 South Street comprises 2 ground floor commercial units contained within a traditional 2 storey and attic stone and slate property.
Location
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-minute drive time. Dundee lies approximately 22 miles to the east with Edinburgh 43 miles to the south and Glasgow 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.
Accommodation
140 South Street 22.26 sq m (240sq ft )
144 South Street 26.38 sq m (284sq ft )
146 South Street 74.74sq m ( 805sq ft )
Basement Store 36.45 sq m (392 sq ft)
External Store 22.11 sq m (238 sq ft)
TOTAL 133.30 sq m (1,435sq ft )
Terms
Our client is inviting offers in the region of £350,000 for their heritable interest subject to the existing lease agreements which represents a net initial yield of 13.25%
VAT Prices are quoted exclusive of VAT.
RATEABLE VALUE 140 South Street - £5,100 144 South Street - £5,600 146 South Street - £14,100 150 South Street - £7,100
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction with the ingoing tenant being responsible for any registration dues and VAT thereon.
Specification
- OFFERS IN REGION OF £350,000
- EXCELLENT INVESTMENT OPPORTUNITY LOCATED WITHIN CENTRAL PERTH
- ANNUAL INCOME OF £48,020
- PRICE REPRESENTS A NET INITIAL YIELD OF 13.25%