Offers over
£1,400,000
(£130.31/sq. ft)
Retail premises for saleBank Of Scotland, 10-16 King Edward Street, Perth, Scotland PH1
10,744 sq. ft
Available immediately
About this property
Highly prominent corner position within the vibrant heart of Perth, opposite Perth Museum and within the Café Quarter.
Superb city centre building suitable for a variety of alternative uses (subject to planning).
Let to Bank of Scotland plc (5A1 D&B Rating) expiring in December 2029 - providing over 4.5 years term certain.
Tenant has been in occupation for over 20 years.
Regional HQ. Critical customer service hub and training facility for the ne Scotland region.
Low current passing rent of £130,000 per annum.
Inviting offers in excess of £1,400,000 (exclusive of VAT).
Attractive net initial yield 8.76%.
Capital rate of c. £155 per sq ft.
The property comprises a highly impressive traditional three storey corner building providing extensive frontage onto both King Edward Street and St John's Place.
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