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Previous Auction Lot

From Auction held in September 2020
Lot 7

20A & 20B TOWNHEAD, AUCHTERARDER, PH3 1AH

Category B Listed, Town Centre Former Cinema with Development Potential, Subject to Planning. 534 sq. m. (5,752 sq ft) on a site of 0.091 Ha (0.22 Acre)

Location

The building is prominently located on Auchterarder High Street (Townhead), in a central and easily accessible location with frst class road links to all major Scottish cities. Less than an hour’s commuting time from Glasgow, Edinburgh, Perth, Dundee & Stirling, the town has a mainline commuter railway station on the doorstep. Auchterarder retains its character, its historic buildings and retains a thriving high street with many small independent businesses, restaurants and cafes. The town itself has a thriving, actively expanding community with many new homes under construction. It is situated within walking distance of the world famous Gleneagles Hotel and Golf Course Complex, which attracts a large wealthy international clientele. There are currently plans approved in principle for large scale expansion of these leisure facilities. Auchterarder and surrounding areas have one of the most affuent resident populations in Scotland.

Auchterarder is an unusually lateral town and has a 1.5 mile long High Street, which has earned the town the popular name of the ‘Lang Toon’. Townhead is the eastward continuation of the High Street and the property is on the south side of the street between the road junctions of Castleton Road and Sydney Crescent.

Description

The premises opened as The Regal in 1928, 4 years after the Gleneagles Hotel and operated for over 50 years as a 580 seat cinema. The original cinema included shops either side of a grand Art Deco foyer with a tea room at frst foor, accessed by an ornate stone stair with sweeping metal and oak banister and balustrade. Above the auditorium is a magnifcent vaulted tin roof, adding to the grandeur that once was.

Although not in good decorative order now, the layout is the same and the fabric and integrity of the building have been maintained by the long-term owners, as they operated an antiques shop and store from the premises. The large building offers great potential. There are asset management opportunities in letting the two shop units and main auditorium, taking advantage of the Class 1 retail consent. There are also development opportunities with retail reconfguration, as the building comprises extensive internal foorspaces, together with the former car park to the rear. These areas can be operated independently or potentially, for one unifed purpose, subject to any planning permissions required.

Site Area

0.091 Ha (0.22 Acre) approx.

Accommodation

Location sq.m. sq.ft.
Shop unit at 20A 33 sq m (362 sq ft)
Shop unit at 20B 23 sq m (244 sq ft)
Foyer 67 sq m (718 sq ft)
Auditorium
Former tea rooms
232 sq m (2,495 sq ft)
and kitchen (mezzanine foor)
Former projector rooms
94 sq m (1,012 sq ft)
1st foor)
Former viewing gallery
26 sq m (283 sq ft)
(1st foor) 59 sq m (638 sq ft)
Total Accommodation 534 sq.m (5752 sq.ft) approx.

Planning

The building is Category B listed. Currently the whole building has Class1 Retail consent. The premises were built in 1926, initially, as two separate retail shops and a cinema. Since 1962, the entire building has been used for retail purposes (currently it appears on the valuation roll as two premises). However, the recently passed planning applications expressly describe three separate retail units. Applications for listed building consent to undertake alterations were granted in December 2019 (Ref: 19/01763/LBC and May 2020 (Ref: 20/00413/LBC). Interested parties should contact the Perth and Kinross Council Development Manager at Puller House, 35 Kinnoull Street Perth PH1 5GD. 01738 475300 or email developmentmanagement@pkc.gov.uk

Rateable Value

20A Townhead, Shop RV - £2,750 and 20B Townhead, Shop and Store £10,100.

EPC

Band E

Tenure

Owner Vacant Possession.

Viewing

By arrangement with the Auctioneers, SVA Property Auctions Ltd. Please email in the frst instance: info@sva-auctions.co.uk

Joint Auctioneers

Galbraith, Suite C1, Stirling Agricultural Centre, Stirling, FK9 4RN. Tel: 01786 434 600 (Harry Stott)




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