Property Information
Address:
24 George Street, Perth, Perth And Kinross
, PH1 5JR
, Perth And Kinross
, United Kingdom
Price: Property no longer available.
Size: 2124 sq ft197 sqm
Primary Category: Leisure
All Categories:
Investment, Leisure,
Property Ref/Movehut: MH642858
Property Ref/Agent: 31131
*Please use the agent ref when calling the agent directly.
Property description
This is an excellent Restaurant Investment for Sale. 24 George Street is a very well presented restaurant located in the heart of Perth city centre. The property is a former bank building and is Grade B Listed. The front faade of the property is very well presented with Georgian features and Quoins along both sides.
The property comprises a large restaurant area with servery, commercial kitchen, additional seating area, ladies, gents and disabled WC's and basement stores. The property was let, the current lease is due to expire in July 2035 and the current passing rent is £30,000 per annum.
The business is not for sale. The landlord is marketing his heritable interest in the property subject to the existing registered lease. Offers over £345,000 are sought for the heritable property which offers investors a net initial yield of 8.5% allowing for purchasers costs of 2.2%.
Long FRI lease expiring 2035
Passing rent £30,000 per annum
5 Yearly upwards only rent reviews
Net initial yield 8.39% (including 3.8% purchasers cost)
Basement cellar and stores
Ladies
gents and disabled WC's
EPC Rating - G
;