This exciting development opportunity is located in Errol, a small commuter village within Perth & Kinross lying approximately 10 miles to the east of Perth and 15 miles south west of Dundee. The property previously comprised a doctor's surgery and chemist over ground and first floors. The doctor's practice has now vacated but the chemist remains in occupation to the front of the property under a live lease running until 2022 with an annual rental of £9600 p.a. The remaining approximately two thirds of the property has had planning granted for conversion to two flats (two bedroom ground floor and three bedroom first floor) under Perth and Kinross planning application 18/00157/FLL. A key benefit of this arrangement is that the chemist tenant in situ would continue to provide valuable income to the new owner whilst the development is being undertaken. In addition to the main building there is also parking to the rear to accommodate around five vehicles, a small garden area and also a single garage. Further street parking is available.
Exciting development opportunity
Commercial rental income from day one
Established village pharmacy
Opportunity to extend existing lease
Commuter village in convenient location
Planning granted for two flats
Current rental value £9,600pa
Errol is commuter village within Perth and Kinross and lies approximately 10 miles to the east of Perth and 15 miles south west of Dundee. The village offers local facilities and is undergoing a period of expansion with new homes having been recently complete to the east of the village and planning consent for an additional 250 homes recently granted. The local primary school has also undergone a replacement programme with further expansion planned. The A90 is nearby offering excellent road links to Perth, Dundee and further afield.
Perth and Kinross Council
Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.