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