140 - 150 South Street, Perth, PH2 8PA

The subjects comprise the ground floor commercial premises of two adjoining traditional stone and slate buildings in Perth’s City Centre, each let to a mix of established local occupiers.

140–144 South Street forms two ground floor commercial units within a mid-terraced, three-storey and attic traditional building. The adjoining 146–150 South Street comprises a further two ground floor commercial units within a two-storey and attic traditional building. Together the properties provide a fully let, income-producing parade with a strong tenant mix across independent retail, food & beverage and personal services.

Tenancies

• 140 South Street – Bonnie Moon Crystals, £7,500 p.a., 3-year lease extension from April 2026, no breaks

• 144 South Street – My Fone, £7,800 p.a., 3-year lease extension from April 2026, no breaks

• 146 South Street – Holdgates (fish & chips), £14,400 p.a., new 15-year lease from May 2026, no breaks, on a Ltd co. lease with personal guarantee

• 150 South Street – Top Class Barbers, £12,996 p.a., lease to 2040 with a 2030 break, from April 2026

Investment Proposal

This offers a purchaser a fully let, multi-let parade producing a diversified income stream from four separate tenants across four differing trade classes, reducing reliance on any single covenant.

The tenant mix is also, by its nature, resistant to online/e-commerce disruption — a barber shop, fish & chip shop, crystal shop and phone repair unit are all services that cannot be replicated by Amazon, giving the income a degree of "Bezos-proof" resilience that many high street retail investments now lack.

A purchase price of £425,000 reflects a gross yield of 10.05%.

Anti Money Laundering

Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are legally required to complete due diligence on purchasers and vendors. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) shall be required to provide, as a minimum, proof of identity and residence and proof of funds before the transaction can proceed.