Optical Express, Highland House St Catherine's Road Perth Scotland PH1 5YA
Optical Express, Highland House St Catherine's Road Perth Scotland PH1 5YA
High Yielding Heritable Retail Investment
Entirely let to Optical Express Limited
Predominantly used for eye surgery (opens periodically)
Lease expires November 2031 (subject to option) (3)
Opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC
Predominantly used for eye surgery (opens periodically)
Lease expires November 2031 (subject to option) (3)
Opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC
Lot 42
Auction 30th March 2023
Rent £16,000 per Annum Exclusive (4)
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
43 miles north of Edinburgh, 63 miles north-east of Glasgow
Roads
A9, A85, A90, M90
Rail
Perth Train Station
Air
Edinburgh Airport
Situation
Perth is located in the heart of Scotland being 43 miles north of Edinburgh and 63 miles north-east of Glasgow, and boasts excellent communication links via the A9, A85 and A90. The property is located just off the busy thoroughfare of Dunkeld Road and is opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC
Tenure
Heritable. (Scottish Equivalent of Freehold).
Location
Miles
43 miles north of Edinburgh, 63 miles north-east of Glasgow
Roads
A9, A85, A90, M90
Rail
Perth Train Station
Air
Edinburgh Airport
Situation
Perth is located in the heart of Scotland being 43 miles north of Edinburgh and 63 miles north-east of Glasgow, and boasts excellent communication links via the A9, A85 and A90. The property is located just off the busy thoroughfare of Dunkeld Road and is opposite St Catherine's Retail & Leisure Park where retailers include TK Maxx, The Food Warehouse by Iceland, Costa Coffee, Halfords, Home Bargains, Tim Hortons and KFC
Tenure
Heritable. (Scottish Equivalent of Freehold).
Description
The property comprises a ground floor shop, forming part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises a ground floor shop, forming part of a larger building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground
Retail/Ancillary
130.06
(1,400)
OPTICAL EXPRESS LIMITED (t/a Optical Express) (2)
10 years from 22/11/2021 (3)
£16,000 (4)
Total
130.06
(1,400)
£16,000 (4)
(1) Areas provided by Scottish Assessors Association (www.saa.gov.uk) (2) For the year ending 1st January 2022, Optical Express Limited reported a turnover of £120,978,000, a pre-tax profit of £40,011,000 and a net worth of £16,694,000 (www.northrow.com) (3) The lease is subject to a tenant only option to determine on 22/11/2026 (4) The tenant is currently paying half rent until 22/08/2024, after which the rent will rise to £16,000 pax. The Seller will pay the Buyer the total rent that would have been due from Completion of the sale until 22/08/2024.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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