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Blackfriars North Port 18,262 sq ft Office Property Perth PH1 5LU £499,950 (£27.38/sq ft)
INVESTMENT HIGHLIGHTS
- Highly prominent City Centre location.
- Attractive period building with refurbishment/redevelopment potential.
- Suitable for office or possibly alternative uses.
- Guide Price of £499,950.
- Adjacent to many local tourist attractions and amenity.
- 2 car parks with up to 50 car spaces available.
- Gross car park income of approx. £79,000 inc vat for the year 2024.
- Low capital price per sq ft at £27.
EXECUTIVE SUMMARY
Formerly known as Blackfriars House the subject property has had a number of extensions and additions throughout various periods of its life. The Category B Listed building dates back in parts to the late 18th century. It was last occupied by Perth and Kinross Council and prior to that by the Hydro Electric Board. The office building is predominately traditional stone built under a mix of traditional pitched and slate roofs and flat roofs with rooflights providing additional daylight. Internally the property comprises a mix of open plan and cellular office space over four floors. There are two large car parks accessed from both Charlotte Street and Blackfriars Wynd.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Tenure
Freehold
Property Size
18,262 sq ft
Costar Property Class
B
Year Built
1880
Price
£499,950
Price per sq ft
£27.38
Tenancy
Single
Number of Floors
5
Typical Floor Size
3,652 sq ft
Plot ratio
4.06
Total Plot Size
0.10 ac
Parking
48 Spaces (2.63 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
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Blackfriars | North Port
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