Great opportunity to purchase the former “City Buffet Ltd”. This large, prominent commercial premises is situated in Perth city centre on arguable the busiest street in Perth. Previously operating as an 80 seat Chinese buffet style restaurant, this impressive lot is around 419.28 square metres in over 2 floors. Also included is an attached unit with separate access that has been used for a take away facility. This detached 2 storey building is perfect for a large restaurant and take as it benefits from a fully fitted commercial kitchen. As recently as last year, the current owner had leased the building at a healthy rental of £800 per week. The property has a commercial valuation carried out by DM Hall at £350,000 for the current market and is sure to be a popular lot with an extremely attractive guide price of £240,000. The premises on offer current has a rateable value of £21,700 per annum.
Restaurant & take away opportunity
Public car park to the rear
Huge discount from commercial valuation
Rateable value - £21,700
The popular City of Perth offers a wide range of local amenities including High Street shopping, supermarkets, recreational facilities and good schooling with a range of primary and secondary schools on offer. There are regular bus routes to surrounding areas and there is easy access to all major motorway networks leading to the larger cities of Dundee, Stirling, Edinburgh and Glasgow.
Perth and Kinross Council
Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.