15 South Methven Street, Perth, PH1 5PE

Offer in excess of

£240,000

Size

821

Tenure

Freehold

EPC

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Parking

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Spaces

1

Space
Space use
Size
Ground
High street retail
821
Size
Primary use
High street retail
Frontage
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No floor / site plan

Key features

  • 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

VAT Free Retail Investment | 4.5 years unexpired | Let to Paddy Power | Passing rent of £22,500 pa | o/o £240,000 = NIY 9.18%

Additional information

Service charge
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Business rates
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Key features

  • 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.

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.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
No
Floors in building
1
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

15 South Methven Street, Perth, PH1 5PE

NEAREST STATIONS

National Rail

Perth Station

0.44 miles

About G M Brown, Glasgow

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Disclaimer - Property reference 102564-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by G M Brown, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.