11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • Vacant Retail Unit
    • Arranged Across Ground Floor and Basement
    • Approx 3,300 sq ft (306.57 sq m)
    • Potential to Create a High Yielding Investment
    • ERV Approx. £10,000 per annum
    • Established and Popular Location
    • Guide Price Reflects 20% Gross Yield on ERV

    Description

    The property comprises a vacant retail unit occupying a prominent corner pitch with evident asset management potential.

    Arranged across ground floor and basement, the property provides approx. 3,300 sq ft (306.57 sq m) of accommodation and would be suitable for a range of occupiers.

    The property offers evident asset management via letting of the unit, with an estimated rental value of approx. £10,000 per annum.

    The property occupies a prominent corner pitch at the end of a parade of retail units. Charlotte Street forms one of the principal arterial routes in Perth, encircling the town centre and therefore the area benefits from high footfall. The area is characterised by both residential uses and local retail amenity. The City has benefitted from significant recent investment including the re-opening of Perth Museum and includes a number of local amenities such as Perth Art Gallery, Perth Theatre & Concert Hall, River Tay Public Art Trail and Perth Playhouse. 

    Additional information

    Tenure

    Freehold

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in Perth one of the principal cities in Scotland. Positioned on the River Tay, Perth lies at the junction of many main roads, it effectively serves as the gateway to the Scottish Highlands and is conveniently positioned between Dundee, Stirling and Edinburgh.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums