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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

LET INVESTMENT City Centre ground floor and basement retail premises 988 sq ft. The annual rent is £9,200 per annum. Fantastic long term tenant. Great instant investment with super yield.

The business is well established and has traded from this location for 30 years.

Ground Floor Retail 48.71sqm 524sqft Basement Storage 43.08sqm 464sqft TOTAL 91.79sqm 988sqft

The property comprises a ground floor retail area trading as a wool shop with internal steps leading to basement storage and WC.

Rateable Value - £6,300

The subjects comprise ground floor and basement retail premises contained within a traditional three storey, attic and basement tenement building with private residential accommodation above. The property comprises a ground floor retail area trading as a wool shop with internal steps leading to basement storage and WC. ACCOMMODATION The above floor areas have been calculated on a Net Internal Floor Area basis in accordance with the RICS Code of Measuring Practice (6th Edition). m2 ft2 Ground Floor Retail 48.71 524 Basement Storage 43.08 464 TOTAL 91.79 988

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. The subjects are prominently located on the busy North Methven Street within the centre of Perth. Surrounding occupiers comprise a mix of local retailers, whilst on street car parking is available on North Methven Street.

Full Address: 17 North Methven St, Let Retail Investment, Perth, PH1 5PN

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 30 Years
Rent: £9,200 per year / £767 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: The property is let to Mrs Catherine McGregor on a lease which is continuing by tacit relocation. The annual rent is £9,200 per annum. The business is well established and has traded from this location for 30 years.

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Pricing Information & Bidding

Opening Bid: £60,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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Auction Details

Date & Time: 24 April 2025, 10am-3pm
Type: Timed Online Auction

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