Location
The subject property is located on one of the busiest sections in Perth City Centre on the corner of its junction with Scott Street and Perth High Street.
Nearby occupiers include Specsavers, Starbucks, Boots, Primark, Holland & Barrett, Cotton Traders, Sainsbury’s Local, Blue Lagoon, Edinburgh Woolen Mill, Subway, Greggs & JoJo Mamam Bebe. The main entrance to St John’s Shopping Centre also lies a short distance away.
Description
The subjects comprise highly prominent retail unit located over ground and first floors with fully glazed frontage and shared internal loading bay accessed from Scott Street. It has been leased to Costa since 1998 with a lease expiry due In March 2026. Costa have relocated further down the High Street and vacated the subject property.
The unit benefits from having a corner frontage onto both the High Street and Scott Street and affording lots of natural light and customer /disabled toilet. The first-floor accommodation Is detached from the ground floor and offer staff / storage facilities.
Lease Terms
The subjects are available on the basis of a new full repairing and insuring lease subject to 5 yearly rent reviews at £35,000 per annum. The property is VAT elected therefore VAT will be payable.
Accommodation
We have measured the approximate net internal floor areas to be 143 sq m (1,539 sq ft). This is made up of ground floor at 107.2 sq m and first floor at 35.8 sq m.
Business Rates
The subjects have a Rateable Value of £22,700 effective from 1 April 2023. The rate in the pound for 2025/26 is £0.498 for properties with a Rateable Value below £51,000.
Energy Performance Certificate
Available on request.
Legal Costs
Each party will be responsible for their own legal costs. The incoming tenant will be responsible for any LBTT and registration dues if applicable.
Enquiries to:
Graeme Duncan MRICS
t: 01738 318100
m: 07954 815 365
Doug Smart MRICS
t: 01738 318100
m: 07850 517 323
