Offers over
£240,000
(£292.33/sq. ft)
Retail premises for sale15 South Methven Street, Perth PH1
821 sq. ft
About this property
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%
Estimated Rates Payable: £5179.2
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.
Location
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.
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