For Sale By Auction | 14:00, 29 November 2018

171, South Street, Perth, PH2 8NY

*Guide | £240,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 29/11/2018

Auction Time

14:00

Auction Venue

200 St Vincent Street, Conference and Events Venue, Glasgow, G2 5RQ

Commercial property

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.

Tenure

Freehold

Restaurant & take away opportunity

Prominent location

Public car park to the rear

Huge discount from commercial valuation

Rateable value - £21,700

Area

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.

Local Authority

Perth and Kinross Council

Additional Fees

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.