40 George Street comprises of a retail unit configured over ground and basement with an excellent frontage onto George Street, one of Perth’s most popular commercial streets. It forms part of a four storey mid-terraced tenement building of stone construction.
The premises, which enjoy high levels of natural daylight due to the large windowed frontage, present a traditional front and back shop layout. The partition which divides the two areas could easily be removed to create an entirely open plan space. There is a small tea-prep and WC just off the rear area.
In addition, there is a generous and dry basement accessed via a floor hatch to the rear of the unit.
Location
Perth, situated by the River Tay, is one of Scotland’s fastest growing cities with a population of around 50,000 people. It enjoys a strategic location in central Scotland approximately 40 miles north of Edinburgh and is easily accessed by the M9 and A90.
The property is situated at the north end of George Street close to the junction of Bridge Lane and Charlotte Street. It occupies a strong trading location with a mixture of local and national retailers nearby. The craft beer giant, Brewdog, is set to open a new outlet on George Street which underlines its appeal to businesses.
There is metered on street parking directly outside the property with other parking facilities within walking distance.
Accommodation
According to our recent measurement survey we calculate the approximate net internal area to be:
51.3 sq m (541 sq ft)
Terms
LEASE - The subjects are offered on flexible terms on the basis of a new lease on full repairing and insuring (FRI) terms for a minimum term of 3 years.
RENTAL - Our client is seeking offers over £10,000 per annum for the leasehold interest in the property.
RATEABLE VALUE - According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £7,900. The uniform business rate for the current year is £0.484 pence in the pound.
For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
UTILITIES - The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE - The EPC rating is D.
A copy of the recommendation report can be provided on request.
LEGAL COSTS - Each party shall bear their own legal costs with the eventual tenant liable for any Registration Dues or LBTT thereon.
ENTRY - Upon completion of a formal missive under Scots Law.
Specification
- Well positioned retail premises in Perth City Centre
- Offers over £10,000 per annum
- Flexible lease terms available/Qualifies for 100% rates relief
- Approximately 51.3 sq m (541 sq ft)