The subjects comprise a self-contained first floor office within an imposing Grade A listed former school building. The office has been fully modernised and most recently has been upgraded with gas fired central heating.
Occupiers within the building include: Family Tree Farms, Caledonian Physiotherapy Services and Perth Yoga Studio.
Rose Terrace is a mixed-use street with several high-quality offices, children’s nursery and residential occupiers. On street public car parking is available immediately to the front with private spaces available by separate negotiation to the rear.
Location
With an estimated population of 125,000 the city of Perth is the region’s principal retail destination located in the heart of Scotland and benefitting from excellent transport links to the rest of the country’s motorway and rail networks.
The property is prominently situated close to the city centre and overlooking the North Inch and River Tay beyond. Private car parking is available to the rear of the building and public short stay car parking is available immediately to the front of the building.
Major private employers in Perth include Aviva, SSE and Stagecoach.
Accommodation
The subjects have been measured and we have calculated the Net Internal Floor area as follows:
First floor incorporating mezzanine - 153.73 sq m (1,655 sq ft)
Terms
LEASE TERMS - The property is available for lease on Full Repairing and Insuring lease terms for a negotiable period. There is a service charge for the office details of which will be provided to seriously interested parties who have carried out a viewing of the property. Further details are available from the sole agents upon request.
BUSINESS RATES - We understand the subjects have a Rateable Value of £16,000 w/e 1 April 2017 however we believe that this also include the neighboring office and have asked the Assessor to have this removed from value. That being the case we expect an amended entry to fall below the £15,000 threshold that would allow 100% rates relief.
LEGAL COSTS - Each party shall bear their own legal costs incurred in connection with this transaction. The purchaser or ingoing tenant shall be responsible for any Stamp Duty Land Tax / Land and Buildings Transaction Tax, VAT or Registration Dues incurred thereon.
VAT - VAT will be payable.
EPC - Awaiting result.
SERVICES - The subjects benefit from a communal gas fired heating system and water supply. Each suite is individually metered for electricity. The incoming tenant will need to bring in their own telecoms line and broadband.
Specification
- Prominent front facing office overlooking North Inch
- Private car spaces available at separate cost
- 100% rates relief available to eligible occupiers
- Modernised office with gas central heating
- Self-contained with toilet and kitchen
- Prestigious location and office address
- Close to City Centre and local amenities