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
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).
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.
