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For Sale
Bank Of Scotland, 10-16 King Edward Street, Perth, Scotland, PH1 5UT
Tenure

For Sale

Type

Investment

Price

Offers in Excess Of £1,400,000

Size

10,744 Sq Ft

Ref No

18250

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Property Highlights

  • Highly prominent corner position within the vibrant heart of Perth, opposite Perth Museum and within the Café Quarter.
  • Superb city centre building suitable for a variety of alternative uses (subject to planning).
  • Let to Bank of Scotland PLC (5A1 D&B Rating) expiring in December 2029 - providing over 4.5 years term certain.
  • Tenant has been in occupation for over 20 years.
  • Regional HQ. Critical customer service hub and training facility for the NE Scotland region.
  • Low current passing rent of £130,000 per annum.
  • Inviting offers in excess of £1,400,000 (exclusive of VAT).
  • Attractive net initial yield 8.76%.
  • Capital rate of c. £155 per sq ft.

Overview

The property comprises a highly impressive traditional three storey corner building providing extensive frontage onto both King Edward Street and St John's Place.

Kyle Wright Image

Kyle Wright

Graduate Surveyor

Nick Armstrong Image

Nick Armstrong

Partner

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