Despite worries about vacant premises in Perth city centre, there are opportunities and financial support available. Both landlords and tenants, however, need good commercial property advice early on.
There’s been much talk recently about the number of empty shops in Perth city centre. Adding to people’s concerns about the city’s retail and commercial sector are media reports that St John’s Shopping Centre is on sale for millions of pounds less than its original value.
Bright spots
While several prominent retail units in Perth are currently unoccupied, it’s encouraging that Perth and Kinross Council is taking steps to support city and town centres around the area.
A welcome recent example is the Adapt Your Property grant, designed to encourage property owners and tenants to bring empty buildings back into use. Grants of up to £75,000 or 50% of the costs (whichever figure is lower) are available to support the conversion of underused or vacant commercial space for new commercial,