The subjects comprise well-presented modern retail accommodation located over ground and first floors with fully glazed frontage and shared internal loading bay accessed from Scott Street.
Location
The subject property is located on one of the busiest sections of Perth High Street in Perth City Centre close to its junction with Scott Street and Kinnoull Street.
Nearby occupiers include Costa, Starbucks, Boots, Primark, Holland & Barrett, Sainsbury’s Local, Blue Lagoon, Oliver Bonas & Carphone Warehouse. The main entrance to St John’s Shopping Centre also lies adjacent.
Perth was awarded City Status in 2012 and is one of the fastest growing cities in Scotland. The current catchment population stands at approximately 150,000 with a forecast growth to 190,000 over the next twenty years.
A rising population combined with ambitious plans for the future, Perth has a strategic vision to become a great European city.
Accommodation
We have measured the approximate net internal floor areas to be as follows:
Ground Floor - 258 sq m (2,777 sq ft)
First Floor - 288 sq m (3,100 sq ft)
Total NIA - 546 sq m (5,877 sq ft)
Terms
Lease Terms - Our client is inviting rental offers for a negotiable lease duration. The property is VAT elected therefore VAT will be payable.
Business Rates - The subjects have a Rateable Value of £90,700 effective from 1 April 2017. The rate in the pound for 2019/20 is £0.516 for properties with a Rateable Value above £51,000.
Energy Performance Certificate - Available on request.
Legal Costs - Each party will be responsible for their own legal costs. The incoming tenant will be responsible for any LBTT and registration dues if applicable.
Specification
- Modern Retail Accommodation
- Prime High Street Pitch
- Shared Loading Area
- Negotiable Rent and lease length
- Well-presented internally
- Two floors of similar size