135 High Street Perth PH1 5TJ

135 High Street
Perth
PH1 5TJ

Hertiable Retail Investment

Let to C&J Clark International Limited (t/a Clarks)
Ground floor shop let by way of 5 year lease renewal (subject to option)
Approximate floor area of 271.88 sq m (2,926 sq ft)
Close to St John's Shopping Centre
Nearby occupiers include Marks & Spencer, Tesco Express, Sainsbury's Local, Starbucks, Caffè Nero, Pizza Express, Boots the Chemist and WHSmith

Lot
51
Auction
13th July 2023
Rent
£35,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of a Global Real Estate Investment Firm

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Hertiable Retail Investment

Let to C&J Clark International Limited (t/a Clarks)
Ground floor shop let by way of 5 year lease renewal (subject to option)
Approximate floor area of 271.88 sq m (2,926 sq ft)
Close to St John's Shopping Centre
Nearby occupiers include Marks & Spencer, Tesco Express, Sainsbury's Local, Starbucks, Caffè Nero, Pizza Express, Boots the Chemist and WHSmith

Lot 51
Auction 13th July 2023
Rent £35,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of a Global Real Estate Investment Firm

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 prominently situated on High Street, near an entrance to St John's Shopping centre where retailers include Primark, Pandora, Costa Coffee, Greggs and Waterstones. Other nearby occupiers include Marks & Spencer, Tesco Express, Sainsbury's Local, Starbucks, Caffè Nero, Pizza Express, Boots the Chemist and WHSmith.

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

Tenure

Heritable. (Scottish Equivalent of Freehold).

Description

The property comprises a shop with retail and ancillary accommodation arranged on the ground floor only.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a shop with retail and ancillary accommodation arranged on the ground floor only.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail/Ancillary	271.88	(2,926)	C. & J. CLARK INTERNATIONAL LIMITED (t/a Clarks) (1)	5 years from June 2023 (2)	£35,000
Total		271.88	(2,926) (3)			£35,000

(1) For the year ending 29th January 2022, C&J Clark International Limited reported a turnover of £511,900,000, a pre tax profit of £12,700,000 and a Net Worth of £85,200,000 (www.northrow.com).
(2) The lease provides for a tenant option to determine the lease on 11/04/2026 upon serving 6 months written notice.
(3) The floor areas stated above are those published by the Scottish Assessors Association (www.saa.gov.uk).

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.