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Offers over £215,000

Rental offers in excess of £18,000 per annum.

Overview

Retail / Development Opportunity, 93-95 Canal Street, Perth

Flexible retail unit with development potential.

* For Sale/May Let.

* Ground Floor Retail Unit with Detailed Planning Permission for a Workshop.

* Car Parking to rear.

* Flexible internal layout.

General

LOCATION

Canal Street is located a short distance to the south of Perth City Centre in a secondary location linking Scott Street and King Street.

Perth is situated approximately 43 miles north of Edinburgh and 61 north east of Glasgow. The town has a resident population of approximately 45,000 persons (Source: Perth & Kinross Council). The Subjects are located on the north side of Canal Street which forms part of Perth Inner Ring Road and benefits from on street parking to the front and private parking via a pend to the rear.

DESCRIPTION

The property comprises a self contained retail unit arranged over the ground floor within a traditional three storey stone built building under a pitched slate roof.

The upper floors are in separate ownership and in residential use. The property is currently used as a furniture store and has in the past been used as a saddlery and benefits from a flexible internal layout which would be well suited to a number of retail/business uses.

In addition, the property benefits from detailed planning permission, granted by Perth & Kinross Council on 15th February 2006 for a single storey extension of the property to the rear. Details of the planning consent are available on request from the selling agents.

TENURE

The subjects are held on a heritable title.

ACCOMMODATION

We have measured the subjects in accordance with the RICS code of measuring practise (6th addition) and calculate the areas as follows:

Ground Floor – 178sq/m (1,125sq/ft)

Gross Frontage – 15m

The proposed workshop/store extends to approximately 45.5sq/m (523sq/ft)

LEGAL COSTS

Each party will be responsible for their own legal costs, however, the ingoing occupier/purchaser will be liable for any other charges incurred to include stamp duty, registration due, etc.

PRICE

Our client’s seek offers in excess of £215,000 for the whole subjects with vacant possession. Our client’s are not bound to accept the highest or indeed any offer, and may withdraw the subjects at anytime without prejudice.

RENT

Our client’s seek rental offers in excess of £18,000 per annum, for the leasehold interest in the property on an internal repairing and insuring lease for terms to be agreed.

RATES

We are verbally advised by the assessor that the subjects have been entered in the valuation roll of £13,800RV.

VAT

Any intending occupiers must satisfy themselves as to the instance of VAT.

VIEWING AND FURTHER INFORMATION

Viewing is by prior appointment only through the selling agents – CKD Galbraith. The person who may accompany you however, may not be an employee of CKD Galbraith.

CONTACT

Perth Office: Lynedoch House, Barossa Place, Perth, PH1 5EP.

Call: 01738 451111

Fax: 01738 451900

Email: harry.stott@ckdgalbraith.co.uk

Website: www.ckdgalbraith.co.uk

Selling Agents / Local CKD Galbraith Office