The subjects comprise an attractive 3 storey mid terraced traditionally constructed building. The property is currently let out to White Stuff (Ground Floor) and BNP Paribas (Upper floors). Ground and first floors have 2 separate access doors off St. John Street.
GROUND FLOOR - retail accommodation fitted out in connection with the corporate brand of White Stuff. Accommodation is well presented and regular in its configuration.
UPPER FLOORS - office accommodation laid out over first and second floor levels. Layout is cellular in its nature offering a mixture of individual private offices, staff and WC facilities.
( Agency Pilot Software ref: 53309 )
Location
Perth is located in the heart of central Scotland suited on the banks of the River Tay. The city of Perth has a resident population of approximately 46,000 persons, with the population of the surrounding catchment area estimated to be in the region of 130,000. Perth is situated approximately 20 miles west of Dundee, 40 miles north of Edinburgh and 60 miles north east of Glasgow lying at the hub of Central Scotland’s road network
Accommodation
Ground White Stuff (Retail) 235.89 sq m (2,540sq ft )
First BNP (Office) 126.90 sq m (1,365 sq ft )
Second BNP (Office) 113.85 sq m (1,225 sq ft )
TOTAL - 476.64sq m ( 5,130 sq ft )
Terms
EPC Available from the Sole Selling Agents. Ground Floor - B Upper Floors - C
PRICE Offers in the region of £385,000 are invited for the Heritable Title, subject to the lease agreement in place. A purchase at this level represents a NIY of 9.13%.
LEGAL COSTS + VAT Each party to bear their own legal costs associated with this transaction. The subjects have been elected for VAT. It is anticipated that the sale of the property will be treated as a Transfer Of A Going Concern (TOGC) and therefore no VAT will be payable. Interested parties are encouraged to make their own enquiries in this regard.
Specification
• INCOME PRODCING RETAIL & OFFICE BUILDING
• ATTRACTIVE PERIOD BUILDING
• POPULAR CITY CENTRE LOCATION
• LET TO WHITE STUFF LTD & BNP PARIBAS
• COMBINED PASSING RENT £36,500 PER ANNUM
• ASSET MANAGEMENT POTENTIAL
• OFFERS OVER £385,000
• NIY 9.13%