Plans

32-34  High Street, Let Licensed Restaurant  Perth

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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

LICENSED RESTAURANT in prime Perth town centre ready let Trading As A Licensed Asian Restaurant. RENT £12,000pa rising to £14,000pa. Limited company with 10 Years to run on new lease.

Excellent size GROUND FLOOR 1425 square feet 1st FLOOR 315 sq feet. RENT DEPOSIT £3,600. LEASE 17th February 2025 till 16th February 2035.

Internally, the premises benefit from an open plan sales area to the front, with kitchen at the rear. The first floor provides storage or office accommodation.

The premises occupy a 100% prime location on Perth's pedestrianised High Street. Nearby occupiers include Chest Heart & Stroke Scotland, Breizh Restaurant, Cancer Research, White Stuff, Patterson Shoe

Perth is located approximately 44 miles to the north of Edinburgh and is known as 'The Gateway to the Highlands' due to its proximity to the Cairngorms which are easily assessible via the A9.

The premises occupy a 100% prime location on Perth's pedestrianised High Street. Nearby occupiers include Chest Heart & Stroke Scotland, Breizh Restaurant, Cancer Research, White Stuff, Patterson Shoes and British Heart Foundation. Perth is located approximately 44 miles to the north of Edinburgh and is known as 'The Gateway to the Highlands' due to its proximity to the Cairngorms which are easily assessible via the A9. As a consequence Perth is a popular stop off for tourists on their route north.

Full Address: 32-34 High Street, Let Licensed Restaurant, Perth, PH1 5TQ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £12,000 per year / £1,000 per month
Yield: 12% (approx)
Tenant: Company
Notes: TENANT-Ltd Co Trading As A Licensed Asian Restaurant. RENT £12,000pa then goes up to £14,000pa on 17th February 2028 till 16th February 2030. LEASE 17th February 2025 till 16th February 2035. RENT REVIEW 5 Yearly RENT DEPOSIT £3,600

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Pricing Information & Bidding

Opening Bid: £104,000

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 22 May 2025, 10am-3pm
Type: Timed Online Auction

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