£240,000

Retail premises for sale

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Feudal

Offers over

£240,000

(£292.33/sq. ft)

Retail premises for sale

South Methven Street, Perth PH1

821 sq. ft

Local area information

Property location

Nearby amenities

  • Perth 0.4 miles
  • St Ninian's Episcopal Primary School 0.5 miles
  • Kinnoull Primary School 0.5 miles
  • Kinross Ferry Landing 13.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Feudal
Key Points

  • Let to Power Leisure Bookmakers Ltd t/a Paddy Power | Credit Safe "A" Rating
  • Shareholders funds of £1,614,087,000
  • Lease expiry in September 2029
  • Tenant did not exercise their break in 2022 demonstrating commitment to the site
  • Passing rent of £22,500 pa - Open Market Rent Review in 2024
  • Tenant break in September 2026 with 6 month penalty if exercised
  • Full Fri lease, no schedule of condition
  • Offers over £240,000 = niy 9.18%

  • Description

    Mid-terraced ground floor retail premises forming part of a larger blonde sandstone building where the upper floors are in residential use.

    Externally benefits from aluminium framed shopfront with adjacent pedestrian access door.

    Internally provides open plan accommodation with public front area complete with staff / customer toilets and kitchen tea prep to the rear.

    Location

    Located within the city of Perth with a catchment population in excess of 120,900 people.

    More specifically the subject property is located within the heart of Perth city centre on the west side of South Methven Street between its junctions with High Street and Mill Street.

    South Methven Street is a busy local pitch where neighbouring occupiers include Johnsons The Cleaners, Perth Dental Care, Pizza Express and Marians of Perth Ladies Clothing.

    More information

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    1. Zoopla
    2. Commercial for sale
    3. Perth & Kinross
    4. Perth
    5. South Methven Street

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