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Lot 9

UNITS 1-3, BREADALBANE TERRACE, PERTH, PH2 8BY

Commercial Investment - Current Income £20,000 p.a. with Additional Vacant Accommodation - 4,198 sq. ft. on 1.5 Acre Site

Location

Perth occupies an important location at the northern end of the M90, some 22 miles west of Dundee, 43 miles north of Edinburgh and 67 miles from Glasgow. The town has a population of some 45,000 residents, but also serves a much larger prosperous rural population.

Directions

Heading south from the centre of Perth on Edinburgh Road (A912), pass a Tesco Supermarket and an Esso petrol station. At the adjacent roundabout, take the second exit following the sign of the Perth Letter Delivery Office and almost immediately turn left. Pass the supermarket’s overspill car park, following the road to the right and the property is directly ahead with the Royal Mail complex beyond it. The property also has a frontage to Breadalbane Terrace albeit there is a height difference. Instead of turning left proceed straight ahead, pass residential properties and the southern boundary of the site lies behind a sheet metal fence and a band of trees.

Description

The property comprises a long rectangular building standing with yard/car parking/circulation space. The building is nearly entirely single storey and is constructed of rendered brickwork under both pitched slate clad and pitched corrugated sheet clad roofs. The yardage comprises a mix of level tarmac and roughly surfaced ground, providing ample parking for the property. The site is bounded to the south and west by areas of mature conifer and deciduous trees, whilst a metal post and chain link fence defines the boundary with the Royal Mail complex.

Accommodation

The building, which originally comprised 4 sections, has been modified to create three separate units and provides flexible space potentially suitable for amalgamation or further subdivision.

Unit 1 - Comprising the southern half of the building and currently let to Wolseley UK Ltd (see below), who are not in occupation. The accommodation includes a trade counter area, assorted offices created from partitions, toilet facilities, with the majority of the space forming substantial warehouse/storage areas. With a solid floor, good eaves height, 2 roller shutter doors, this part of the building extends to circa 600 sq.m. (6,458 sq.ft.) approx.

Unit 2 - Forming the majority of the northern part of the building, the accommodation is mainly on the ground floor, with a trade counter, stores, both open plan and private offices, toilets, staff area and a small first floor area, not inspected by SVA Property Auctions.

Area - 267 sq.m. (2,881 sq.ft) plus attic space 19sq.m. (200 sq.ft) approx.

Unit 3 - Located at the north most end of the building, the unit offers a small trade counter unit with 4 offices/stores, kitchen and toilets, all of which require renovation - 104 sq.m. (1,126 sq.ft.) approx.

Total Accommodation - 990 sq.m (10,656 sq.ft) approx

Site Area

0.6 Ha (1.5 Acres) approx.

Planning

The property is situated adjacent to a Royal Mail Depot, a supermarket and an established residential area, all of which uses point to the site’s potential uses should redevelopment be an option. Interested parties should make their own enquiries to Perth & Kinross Planning and Development Team at email: DevelopmentManagement@pkc.gov.uk

Rateable Value

Unit 1 - £14,000
Unit 2 - £6,900
Unit 3 - £5,100

EPC

Available upon request.

Tenancy

Unit 1 is let under the terms of a lease originally granted in 1986, which has subsequently been modified and extended.

The current tenant is Wolseley UK Ltd and the lease expires on 10/11/2025. The passing rent is £20,000 p.a., the lease is drawn on FRI terms and there is provision for a rent review on 9/11/2020. There is also a tenants only option to break the lease at 9/11/2020 on not less than 6 month’s notice. Units 2 and 3 are vacant.

Tenure

Owner with part Vacant Possession.

Viewing

Externally at any time. Internally strictly by appointment with SVA Property Auctions Ltd, Tel: 0131 624 6640.




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