Perth sits within Central Scotland on the banks of the River Tay and is the administrative centre of Perth and Kinross. The city is approximately 69 km (43 miles) north of Edinburgh, 96 km (60 miles) north-east of Glasgow and 35 km (22 miles) south-west of Dundee.

Perth benefits from good road communications being easily accessible from the M90 and A90 trunk roads. In addition, the city is connected to the national railway network with a fastest journey time to Edinburgh and Glasgow of 1 hour 20 minutes and 1 hour respectively.

As an area, Perth has grown by 12% in the past ten years, generating £4billion GVA in 2019 with productivity of £58,700 – 17% higher than the Scottish average. Perth and the wider region has the lowest unemployment rate in the country - 1.7% below the Scottish average. Perth College UHI boasts 9,000 students annually and is the largest campus in the University of Highlands and Islands. Many of Scotland’s leading universities and research centres are less than an hour away, meaning world-class institutions such as The University of St Andrews, Abertay University, Glasgow School of Art and The University of Edinburgh are all within easy reach (Source: Invest in Perth).

The property has been measured by BKR Floor Plans and provides the following Net Internal floor areas:

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £395 + VAT.

JoJo Maman Bébé Limited (Co. No. 02737508) has reported the following figures:

Established in 1993, the principal activity of the company is the design and sale of high quality maternity, baby and children’s clothing, nursery products and gifts and toys. The business has approximately 86 stores and trades via omni-channel retail direct to the consumer in the UK & Ireland and via wholesale and ecommerce sales internationally.

As a result of the Covid-19 pandemic the company reported an impressive growth of online sales of +34.9% (£10.8m) compared to the prior financial year.  According to their accounts “this significantly minimised the loss of stores sales…and whilst the pandemic impacted results and operations, the group has recorded profit after tax of £4.6m compared to £280k in the prior year. The group’s recovery from the reduced profit in the prior year, the healthy year end cash balance of £16.4 million and the fact that the group remains debt free, shows the resilience of the group, the strength of the brand and the ability of the board, even during unprecedented times.”  

For further information see www.jojomamanbebe.co.uk.

1. An opportunity to acquire a city centre retail investment;

2. The property occupies a 100% prime retailing pitch;

3. The property provides secure income, being let to JoJo Maman Bébé Limited (Net Assets of £23.47 million);

4. A purchase at the asking price will provide an investor with an attractive net initial yield;

5. Attractive lot size to an investor.