SALE BY ONLINE AUCTION THURSDAY 27TH JANUARY 2022 AT 9.00AM. Presenting to market to this commercial unit with additional basement space in Perth town centre. Available with vacant possession, with potential rental income of £7,000 per annum - offering a rental yield of 16.7% at Guide Price.
The property is a vacant commercial unit with a ground floor of roughly 609 square feet, as well as a basement store room, located on a busy main street in the city of Perth. On the ground floor there is the main room at the front, with a back room for storage, a kitchenette and a W/C. From the external close you can access the large basement, which could be used for additional storage or as a workspace.
The property would be ideal for a small shop or office (STP) in a central location, perfect for either an owner-occupier or to be leased out for a potential £7,000 per annum. A small amount of refurbishment could increase the rental value.
Atholl Street is situated on the A85 – a main road through Perth – in the centre of the city, providing heavy foot and road traffic past the shop’s location.
Perth is the fifth most populous city in Scotland with roughly 47,000 residents. The town gained its city status as part of the Queen’s diamond jubilee celebrations in 2012 and has continued to be a popular tourist spot – attracting visitors from all over the world. Perth is a historic city with many castles, art galleries, museums and more so there’s no lack of attractions drawing people to the city.
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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