• City centre retail investment opportunity

• Let to Fat Face – Net Assets £156 million

• 100% Prime Retailing Pitch

• 6.5 year unexpired lease term

• Nationwide Building Society have just acquired the adjoining unit for owner-occupation

• £975,000, subject to contract

• 8.01% Net Initial Yield

The subject property is situated in a highly prominent corner location at the junction of High Street and King Edward Street. The property occupies a 100% prime retailing pitch in the pedestrianised section of the High Street in the heart of the city centre. Surrounding occupiers include Marks & Spencer, Debenhams, Primark, Next, Superdrug, WH Smith, Boots and Santander.

The property benefits from being in very close proximity to St John’s Shopping Centre, the prime shopping destination in Perth city centre, anchored by Primark. Other retailers in the centre include River Island, H&M and JD Sports.

The building lies on the site of the former Guild Hall dating back to 1722. The property was rebuilt in 1907 and then substantially redeveloped in the 1980’s behind the original B listed stone façade. The property is constructed around a steel frame structure with trussed pitched roof. There is a 2-storey extension to the rear.

Retail accommodation is provided on ground floor with ancillary accommodation at first floor. The remaining floors are separately owned and have residential and commercial use.

Internally the accommodation has been fitted out by the tenant to their usual corporate style.

The property was previously split into two individual units so is capable of sub-division in the future.

The property has been measured by Square Foot Media and provides the following Net Internal Areas;

A set of floorplans are available to download and the measured survey report will be assigned to a purchaser at a cost of £350.00 + VAT.

Heritable (Scottish equivalent of English freehold)

Fat Face Limited (Co. No. 02954734) has reported the following figures:

Established in 1988, FatFace is one of the UK’s most recognised multi-channel retail brands stocking a wide range of womenswear, menswear, childrenswear, footwear, and accessories, designed in-house at their headquarters in Havant, Hampshire.

There are currently over 230 FatFace stores in the UK, Ireland and the USA – located in market towns, holiday locations, high street shopping centres and high footfall travel hubs. For further information please visit www.fatface.com.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

We are instructed to seek offers in the region of £975,000 (Nine Hundred and Sevenry Five Thousand Pounds), subject to contract, reflecting a net initial yield of 8.0%, assuming standard purchaser’s costs of 5.62%.

Please note that a purchaser will be re-charged the costs of the surveys and searches which are provided in the data room.

Please note a purchaser will be charged a Transaction Fee of £5,000 + VAT.

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

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

3. The property provides highly secure income, being let to Fat Face Limited (Net Assets of £156 million);

4. 6.5 years unexpired lease term;

5. Nationwide Building Society have acquired the adjoining property for owner-occupation

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

7. Attractive lot size to an investor.