* A unique, family - owned, art gallery and picture framing business
* Located in the same premises in Perth city centre since 1991
* Held under the same management and ownership since 1979
* Specialist in displaying contemporary art with year - round exhibitions
* Retirement sale with business premises, goodwill, F&F and sav
**Location
**
Perth is the administrative centre for Perth and Kinross District and is
located on the banks of the River Tay in the heart of Scotland. It has a
population of around 45, 000 people.
Situated just off the M9 it enjoys close proximity to Scotland’s major cities
and around 90% of the country’s population is accessible within a 90 - minute
drive. Dundee lies approximately 22 miles to the east with Edinburgh 43 miles
to the south and Glasgow 61 miles to the southwest.
The premises are located close to the corner of Victoria Street where it
connects with Princes Street. The surrounding properties are generally
residential in nature but there is a Matalan store and car park directly
opposite with a range of other commercial occupiers on Princes Street.
**Business overview
**
Frames Gallery is a unique, family - owned, independent art gallery and picture
framing business located in the centre of Perth.
Since it first opened in 1979, Frames Gallery has built a reputation for
displaying some of Scotland’s most sought - after contemporary artists. It was
even the first art gallery in the country to embrace ‘online’ in 1996 when its
website was launched.
The business, which has been based in Victoria Street since 1991, is owned and
operated by a husband - and - wife team supported by several full - time and part -
time members of staff; one of which has been there for 31 years.
The business goodwill, heritable title to the property, fixtures and fittings
are now being sold due to the retirement of the Business Partners. It offers
an excellent opportunity for those with experience in art galleries to
continue and develop further the services offered.
**Accommodation details
**
The subjects are arranged over the ground floor of a three - storey traditional
building with residential units to the upper levels.
The premises are split into various areas comprising a bright front
shop/gallery, complete with original fireplace, leading through to further
gallery and framing displays.
An extension was added to the property in 1997 and this now provides around
550 sq ft of exhibition space for hosting events. From here there is a door
leading outside to a large area laid to gravel which could be utilised for
hosting outdoor events.
The workshop accommodation, meanwhile, is accessed just off the gallery
providing space for storage and preparation as well as a dedicated framing
area. It benefits from large double doors off Victoria Street allowing
materials to be delivered.
**Measurements
**
According to our recent measurement survey the premises contain the following
approximate net internal area:
158. 44 sq m (1, 708 sq ft)
A full breakdown of areas can be provided on request.
**Trading figures
**
Trading accounts will be provided to parties who are genuinely interested
following a viewing of the business and subject to a confidentiality
agreement. Please contact the selling agent for further details.
**Guide price
**
£220, 000 including the heritable property (Scottish equivalent of English
freehold), business goodwill with stock added at valuation (sav).
**Rateable value
**
According to the Scottish Assessor’s website () the subjects have been entered
into the valuation roll at £8600. The uniform business rate for the current
year is £0. 49 pence in the pound.
Occupiers may be eligible for 100% rates relief through the Small Business
Bonus Scheme if the combined rateable value of all their business premises in
Scotland is £35, 000 or less.
**Utilities
**
The property is served by mains electricity and water.
**Energy performance certificate
**
The Energy Performance Certificate rating is pending.
**Legal costs
**
Each party shall be responsible for their own legal costs incurred in
connection with the transaction with the purchaser liable for any LBTT and
VAT.
**Viewing and further information
**
By contacting the sole selling agent:

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