Upper Floors, Highland House, 7 St Catherine's Road, Perth, Perth and Kinross, PH1 5YA
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- SIZE
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- SECTOR
Office for sale
Key features
- First and Second Floor of Huge Commercial Unit (Including Roof and Masts)
- Current Income of £50,000pa, with Potential to Increase to £180,000pa Once Fully Let
- Incredible High Yielding Commercial Investment
Description
The property currently comprises 16 well presented office suites of which: 3 are tenanted*** Excellent asset management opportunity*** Current Gross Yield of 20% at guide price*** Potential for residential redevelopment (STP)***Multiple potential uses***
Opposite St Catherine's Retail park in central Perth***Sold for £49.15m October 2021*** Highly sought after location*** Nearby occupiers include: Bannatyne's Gym, The Gym, Costa, Currys, Dunelm, Home Bargains, Carpet right, KFC & Police Scotland***
The city of Perth is the Administration capital for the Region of Perth & Kinross***With a population in excess of 47,000 people this is densely populated central Scottish Location and is located in the heart of Scotland with excellent transport links to Glasgow, Edinburgh, Dundee & Aberdeen.
This Unique property comprise the entire upper floors & roof space of this landmark building in prominent location*** Perfect asset management opportunity & Ideal for investors***
We are delighted to offer for sale---ON BEHALF OF A NATIONAL PROPERTY COMPANY--- the full upper floors of a Landmark building in central Perth opposite the Popular St Catherine's Retail Park***Currently set out as well-maintained offices this fabulous building, benefitting from having private front door access comprises: 16 Offices of which 3 are currently tenanted. The occupied space is rented at £8 per sq ft If all the offices were tenanted at this level the rent for the offices would be £160k per annum. The property also benefits from having 3 x masts on the roof which is included in this sale.*** The income from these masts is in excess of £27k per annum*** Total potential income of £180k+****
Opposite St Catherine's Retail park in central Perth***Sold for £49.15m October 2021*** Highly sought after location*** Nearby occupiers include: Bannatynes Gym, The Gym, Costa, Currys, Dunelm, Home Bargains, Carpet right, KFC & Police Scotland***The City of Perth is the Administration capital for the Region of Perth & Kinross. The Major employers are: Perth & Kinross Council, NHS Tayside, Scottish & Southern Energy. The worldwide transport company: Stagecoach's headquarters are in Perth.*** The city is a sought after destination with a number of centrally located cultural amenities including: Perth Museum & Art Gallery, The Fergusson Gallery and Perth Theatre *** High Tenant Demand for Property in High Amenity District***Opportunity to Purchase potentially high Income Producing, Discounted Commercial property***
Brochures
Upper Floors, Highland House, 7 St Catherine's Road, Perth, Perth and Kinross, PH1 5YA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Perth Station0.6 miles
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Notes
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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