50 St John Street, Perth, PH1 5SP · 885.6 sqm (9,539 sqft)
Situation:
Geographically located in the centre of Scotland, the City of Perth has a primary catchment population in the region of 165,000 people and benefits from its wealth of historical, cultural & natural attractions combined with excellent connectivity to the rest of the Country (90% of Scotland’s population within 90 minutes drivetime) - all of which make Perth an unrivalled base for tourist visitors looking to explore the country.
The Perth retail market benefits from over 9 million day tourists visiting the city each year, with total retail spend reaching over £1.1 billion per annum and over 50% of residents in the core catchment are in the ABC1 category.
50 St John Street is situated in the heart of Perth city centre, in a highly prominent position overlooking the new Perth Museum - link here to Perth Museum - all of which combine to generate a high level of passing footfall. Other occupiers located nearby include Mostyn McKenzie, White Stuff, The Venue, Lyndsays, Cardo, Banks of Perth, Rohan and TB Mitchell.
Description:
The property comprises a stunning, detached building (grade A listed) over ground, first and second floors, which is fully accessible thanks to the ramped access and modern lift and benefits from rear servicing and includes a secure off-street car park for 5 cars.
Internally, the building retains a wealth of original period features such as ornate cornicing plasterwork, stained glass and generous ceiling heights within a layout offering flexibility to suit various uses. Indeed, the Landlord has secured a Change of Use to Class 3 with 5 flats on the upper levels. (Ref No: 22/00193/FLL).
ACCOMMODATION:
Ground Floor - 379.1 sqm (4,087 sqft)
First Floor - 331.1 sqm (3,564 sqft)
Second Floor - 175.4 sqm (1,888 sqft)
TOTAL - 885.6 sqm (9,539 sqft)
USE:
The property was previously occupied by Lakeland as a very successful retail store, although our client has now secured planning consent for Class 3 (food and drink), with permission for 5 flats on the upper levels (Ref No: 22/00193/FLL). The property is therefore very well suited for Bar, Restaurant or Retail use.
BUSINESS RATES:
Rateable Value: £47,500 - UBR 2024/25: £0.498 - Rates Payable: £23,655 per annum
LEGAL COSTS:
Each party is to be responsible for their own legal costs incurred in this transaction.