163 and 167 high street perth, ph1 5up - Bidwells
01738 630666 bidwells.co.uk
FOR LEASE OR MAY SELL PROMINENT HIGH STREET COMMERCIAL OPPORTUNITY IN PERTH CITY CENTRE POTENTIAL FOR TWO UNITS WITH DUAL ACCESS FROM HIGH STREET AND MILL STREET POSSIBLE ALTERNATIVE USE (CAFÉ/RESTAURANT) SUBJECT TO LOCAL AUTHORITY CONSENT FROM 95.68 SQ M (1,030 SQ FT) UP TO 324.76 SQ M (3,496 SQ FT) ADJACENT TO MULTI-MILLION POUND REFURBISHMENT OF PERTH THEATRE NEW PUBLIC CAR PARKING AT REAR (OFF MILL STREET)
163 AND 167 HIGH STREET PERTH, PH1 5UP
Location Perth is Scotland's newest designated City and is situated approximately 43 miles north of Edinburgh and 61 miles north east of Glasgow. Dundee lies approximately 22 miles to the east. The City has a resident population of approximately 45,000 (source Perth and Kinross Council) and is the principal city within the Perth and Kinross Local Authority Region. Perth was recently awarded City Status and has one of the fastest growing populations in Scotland. The City boasts a number of successful international companies such as Scottish and Southern Energy, Stagecoach and Aviva alongside dynamic small businesses and sole-traders and is strategically located at the heart of Scotland's transport network within 90 minutes’ drive time of 90% of Scotland's Population. The Property is situated in a prime location on the north side of the pedestrianised section of Perth High Street directly opposite the main entrance to the St John's Shopping Centre. The rear of the subjects is also highly prominent being adjacent to the public walkway from Perth's largest multi-storey car park and Pullar House (Perth and Kinross Council HQ offices) and the ongoing multi-million-pound redevelopment of the B listed historic Perth Theatre. At present the store and workshop buildings to the rear of the subjects are in the process of being demolished and the area redeveloped to form a new public car park for 28 cars and access connecting High Street with Mill Street. Nearby High Street occupiers include a number of national operators such as; Boots, Primark, EE, Gap, USC, Starbucks, Costa Coffee, Thorntons, Vodafone and Debenhams. To the rear on Mill Street, neighbouring occupiers include Perth and Kinross Councils Head office, The Bothy Restaurant, a 550 space multi storey car park, Perth Theatre, Perth Concert Hall and a recently completed Premier Inn with 83 bedrooms.
Property Highlights ●
Rare opportunity to lease (or possibly purchase) high profile High Street shop which has been in the same family ownership for over 100 years
●
Situated directly opposite the entrance to the St John's Shopping Centre
●
Potential for two retail units and alternative use(s) with access from High Street and Mill Street to the rear
●
Neighbouring High Street occupiers include; Boots, Costa, Debenhams, Gap, EE, New Look, Next, Primark, Starbucks and USC
●
Adjacent to multi-million refurbishment of historic Perth Theatre
●
Ongoing public realm improvements to Mill Street to rear which will include additional public car parking to rear of the subjects
●
550 space multi-storey car park, Council HQ offices, Perth Theatre, Perth Concert Hall and new 88bedroom Premier Inn Hotel
●
Offers invited to let either unit or to let or buy as a single entity
Proposed Split The subjects will be split to form two separate commercial units with access from High Street and Mill Street. 163 High Street (shown in red above) is envisaged to be accessed via a new, well-lit passageway utilising the existing thoroughfare from High Street which will provide pedestrian access to the Car Park and Theatre to the rear. This unit will be set around an existing courtyard area and has the potential for a bespoke café/restaurant unit. 167 High Street (shown in blue above) is to be formed utilising the existing shop frontage onto High Street with the main retail area being redeveloped to provide a more compact and functional retail space which will suit the majority of High Street occupiers.
01738 630666 bidwells.co.uk
Enquiries Gavin Russell BSc (Hons) MRICS 01738 630666 [email protected] 5 Atholl Place, Perth, PH1 5NE Additional Information Description
Accommodation
At present the premises comprise extensive retail accommodation mainly on the ground floor with a small mezzanine area and basement store. The main retail space extends back from the High Street and wraps around an external courtyard area. Within the main retail area is a useful mezzanine level and a rear retail/storage area with access from Mill Street.
On completion of the demolition works the units will comprise the following floor areas;
163 HIGH STREET DESCRIPTION
SQ.M
SQ.FT
GROUND
95.68
1,030
TOTAL
95.68
1,030
Opportunity The subjects are to be extensively redeveloped to demolish around half the existing floor space and create commercial space with the potential for two or one large retail premises with frontage onto High Street and access from the new Public Car Park to the rear on Mill Street.
Services The premises benefit from mains electricity, water and drainage.
167 HIGH STREET
Rates
DESCRIPTION
The premises will require to be reassessed for local authority rates purposes. The current rates multipliers are 48.4p and 51p for 2016/2017.
GROUND
Rent / Price Rental offers are invited for a negotiable term of years for either unit or the property as a whole.
SQ.M
SQ.FT
152.20
1,638
MEZZANINE
24.73
266
BASEMENT
52.15
561
229.08
2,465
Offers to purchase will also be considered.
Legal Costs Each party will be responsible for their own legal costs incurred in this transaction with the tenant/purchaser being responsible for LBTT, Registration Dues and VAT incurred thereon.
Energy Rating Awaiting confirmation
TOTAL
The foregoing areas have been calculated on a Net Internal Basis in accordance with the RICS Property Measurement Practice Statement (First Edition).
VAT Prices are quoted exclusive of VAT (if applicable).
Important Notice These particulars do not form part of any offer or contract and should not be relied upon as statements or representatives of fact. Bidwells LLP has no authority to make or give in writing or verbally any representation or warranties in relation to the property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation or other consents. Bidwells LLP have not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. In the interest of Health & Safety, please ensure that you take due care when inspecting the property. Bidwells LLP is a limited liability partnership registered in England & Wales (registered number OC344553). Registered head office is Bidwell House, Trumpington Road, Cambridge, CB2 9LD, where a list of members is available for inspection
Publication date: October 2016
FOR LEASE OR MAY SELL PROMINENT HIGH STREET COMMERCIAL OPPORTUNITY IN PERTH CITY CENTRE POTENTIAL FOR TWO UNITS WITH DUAL ACCESS FROM HIGH STREET AND MILL STREET POSSIBLE ALTERNATIVE USE (CAFÉ/RESTAURANT) SUBJECT TO LOCAL AUTHORITY CONSENT FROM 95.68 SQ M (1,030 SQ FT) UP TO 324.76 SQ M (3,496 SQ FT) ADJACENT TO MULTI-MILLION POUND REFURBISHMENT OF PERTH THEATRE NEW PUBLIC CAR PARKING AT REAR (OFF MILL STREET)
163 AND 167 HIGH STREET PERTH, PH1 5UP
Location Perth is Scotland's newest designated City and is situated approximately 43 miles north of Edinburgh and 61 miles north east of Glasgow. Dundee lies approximately 22 miles to the east. The City has a resident population of approximately 45,000 (source Perth and Kinross Council) and is the principal city within the Perth and Kinross Local Authority Region. Perth was recently awarded City Status and has one of the fastest growing populations in Scotland. The City boasts a number of successful international companies such as Scottish and Southern Energy, Stagecoach and Aviva alongside dynamic small businesses and sole-traders and is strategically located at the heart of Scotland's transport network within 90 minutes’ drive time of 90% of Scotland's Population. The Property is situated in a prime location on the north side of the pedestrianised section of Perth High Street directly opposite the main entrance to the St John's Shopping Centre. The rear of the subjects is also highly prominent being adjacent to the public walkway from Perth's largest multi-storey car park and Pullar House (Perth and Kinross Council HQ offices) and the ongoing multi-million-pound redevelopment of the B listed historic Perth Theatre. At present the store and workshop buildings to the rear of the subjects are in the process of being demolished and the area redeveloped to form a new public car park for 28 cars and access connecting High Street with Mill Street. Nearby High Street occupiers include a number of national operators such as; Boots, Primark, EE, Gap, USC, Starbucks, Costa Coffee, Thorntons, Vodafone and Debenhams. To the rear on Mill Street, neighbouring occupiers include Perth and Kinross Councils Head office, The Bothy Restaurant, a 550 space multi storey car park, Perth Theatre, Perth Concert Hall and a recently completed Premier Inn with 83 bedrooms.
Property Highlights ●
Rare opportunity to lease (or possibly purchase) high profile High Street shop which has been in the same family ownership for over 100 years
●
Situated directly opposite the entrance to the St John's Shopping Centre
●
Potential for two retail units and alternative use(s) with access from High Street and Mill Street to the rear
●
Neighbouring High Street occupiers include; Boots, Costa, Debenhams, Gap, EE, New Look, Next, Primark, Starbucks and USC
●
Adjacent to multi-million refurbishment of historic Perth Theatre
●
Ongoing public realm improvements to Mill Street to rear which will include additional public car parking to rear of the subjects
●
550 space multi-storey car park, Council HQ offices, Perth Theatre, Perth Concert Hall and new 88bedroom Premier Inn Hotel
●
Offers invited to let either unit or to let or buy as a single entity
Proposed Split The subjects will be split to form two separate commercial units with access from High Street and Mill Street. 163 High Street (shown in red above) is envisaged to be accessed via a new, well-lit passageway utilising the existing thoroughfare from High Street which will provide pedestrian access to the Car Park and Theatre to the rear. This unit will be set around an existing courtyard area and has the potential for a bespoke café/restaurant unit. 167 High Street (shown in blue above) is to be formed utilising the existing shop frontage onto High Street with the main retail area being redeveloped to provide a more compact and functional retail space which will suit the majority of High Street occupiers.
01738 630666 bidwells.co.uk
Enquiries Gavin Russell BSc (Hons) MRICS 01738 630666 [email protected] 5 Atholl Place, Perth, PH1 5NE Additional Information Description
Accommodation
At present the premises comprise extensive retail accommodation mainly on the ground floor with a small mezzanine area and basement store. The main retail space extends back from the High Street and wraps around an external courtyard area. Within the main retail area is a useful mezzanine level and a rear retail/storage area with access from Mill Street.
On completion of the demolition works the units will comprise the following floor areas;
163 HIGH STREET DESCRIPTION
SQ.M
SQ.FT
GROUND
95.68
1,030
TOTAL
95.68
1,030
Opportunity The subjects are to be extensively redeveloped to demolish around half the existing floor space and create commercial space with the potential for two or one large retail premises with frontage onto High Street and access from the new Public Car Park to the rear on Mill Street.
Services The premises benefit from mains electricity, water and drainage.
167 HIGH STREET
Rates
DESCRIPTION
The premises will require to be reassessed for local authority rates purposes. The current rates multipliers are 48.4p and 51p for 2016/2017.
GROUND
Rent / Price Rental offers are invited for a negotiable term of years for either unit or the property as a whole.
SQ.M
SQ.FT
152.20
1,638
MEZZANINE
24.73
266
BASEMENT
52.15
561
229.08
2,465
Offers to purchase will also be considered.
Legal Costs Each party will be responsible for their own legal costs incurred in this transaction with the tenant/purchaser being responsible for LBTT, Registration Dues and VAT incurred thereon.
Energy Rating Awaiting confirmation
TOTAL
The foregoing areas have been calculated on a Net Internal Basis in accordance with the RICS Property Measurement Practice Statement (First Edition).
VAT Prices are quoted exclusive of VAT (if applicable).
Important Notice These particulars do not form part of any offer or contract and should not be relied upon as statements or representatives of fact. Bidwells LLP has no authority to make or give in writing or verbally any representation or warranties in relation to the property. Any areas of measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. No assumptions should be made that the property has all necessary planning, building regulation or other consents. Bidwells LLP have not carried out a survey, nor tested the services, appliances or facilities. Purchasers must satisfy themselves by inspection or otherwise. In the interest of Health & Safety, please ensure that you take due care when inspecting the property. Bidwells LLP is a limited liability partnership registered in England & Wales (registered number OC344553). Registered head office is Bidwell House, Trumpington Road, Cambridge, CB2 9LD, where a list of members is available for inspection
Publication date: October 2016
