Retail premises for sale in South Methven Street, Perth PH1

Offers over £240,000 (£292.33/sq. ft)
Interested in this property? Call +44 141 376 1318 * or Request Details

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Retail premises for sale

821 sq. ft*

Property description

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.

    Availability_Text

    The accommodation comprises of the following

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    For more information about this property, please contact
    G M Brown, G2 on +44 141 376 1318 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by G M Brown, and do not constitute property particulars. Please contact G M Brown for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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