Summary - 8, FLESHERS' VENNEL PH2 8PF
1 bed 1 bath Retail Property (high street)
Small freehold high-street unit by new Perth Museum — auction sale, income and upside.
Freehold high-street retail/office unit in central Perth
A compact high-street retail/office unit in the heart of Perth city centre, offered freehold at auction. The property sits on Fleshers Vennel, a busy pedestrian route between South Street and St John’s Place, adjacent to the newly reopened Perth Museum (2024) — a factor likely to increase local footfall. It currently produces £4,000 pa in rent, giving a headline yield of c.13.3% at the guide price of £40,000.
The building is traditional stone and slate construction with a glass-block shopfront and pedestrian entrance. The unit is small with low ceiling height and will suit investors seeking a low-cost, turn-key holding or a buyer willing to asset-manage and re-let for higher income. Broadband and mobile connectivity are reported as fast/excellent, supporting office or digital-led uses.
Important considerations: the area is classified as very deprived and the unit is limited in size (sources list circa 363–419 sq ft). The property may need refurbishment to maximise rental value or to convert to alternative uses subject to planning. Sale is by auction — buyers should allow for a buyer’s premium and check the legal pack for any additional fees or conditions.
Overall, this is a low-entry, central Perth investment with short-term income and scope for value uplift through active management or modest refurbishment. It will appeal to local and professional investors targeting affordable city-centre lots with redevelopment potential.
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