Investment property with tenant in Perth

If you are looking to add a high-yielding retail unit to your commercial portfolio, or take your first steps into commercial ownership, then this tenanted unit could be the perfect opportunity for you. Enjoying a prime central location on Perth's Scott Street, Out of This Galaxy is a newly established and thriving tabletop games and memorabilia store. The unit offers a floor area of approximately 102 square metres comprising a main retail area with an additional gaming area, storage, kitchen, and WC to the rear, with the tenant offering a wide range of stock and tables for in-store games clubs and societies within a well-presented environment. A five-year lease was agreed in January 2025, with a passing rent of £14,000 per annum, which equates to an attractive immediate rental yield in excess of 15%. The published rateable value is £13,100, which means that a scaled level of rates relief may be available. Scott Street enjoys an ideal central Perth location with good levels of footfall. Perth has an excellent choice of shops, bars, and restaurants as well as a concert hall, theatre, art gallery, museum, and cinema. The town's leisure facilities also include the Perth Climbing Centre, The Willowgate Activity Centre, Perth Leisure Pool, an ice rink, and two sports centres. Local golf courses include the North Inch Golf Course, James VI Golf Course, Craigie Hill, and Murrayshall, with the world-famous golf courses at Gleneagles and St Andrews both within 35 miles. There is National Hunt racing at Scone Palace, which also hosts The Scottish Game Fair. Immediate rental income always attracts strong levels of interest, so early viewing is essential.