As part of the improvements, eight new retail letting units, each extending to 3,000 sq ft are being marketed by joint agents CKD Galbraith and Thursz Property Consulting on behalf of Moto Hospitality Ltd.
Located at J6 of the M90 motorway, the multi-million pound redevelopment of the 12-acre service station will comprise the new retail letting units, a new petrol station and amenity building with anchor tenants Moto, BP, M&S Simply Food, WH Smith, Burger King and Costa.
This gateway location with its proximity to St Andrews, the home of golf, provides an ideal opportunity for tourism and field sports retailers to cater for the passing golf trade as well as the hunting, shooting, fishing markets en route to the Highlands.
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Only 40 minutes from Edinburgh and Glasgow, the service area, which is adjacent to Dobbies Garden Centre and on the same site as budget hotel company Travelodge, is already a busy stopping point for more than 650,000 commuter vehicles each year.
And its location on the doorstep of Scotland’s most successful music festival, T in the Park, sees a welcome summer boost of around 80,000 visitors.
Richard Higgins, Partner at CKD Galbraith, said: "This is an exciting retail opportunity in an ideal location. Situated in the heart of Scotland, it forms an important, strategic stop on the main motorway network between Perth and Edinburgh. The benefit from peak summer trade for T in the Park will no doubt appeal to retailers wishing to take advantage of this significant passing footfall."
David Thursz of Thursz Property Consulting added: "Moto’s substantial investment in the travel infrastructure demonstrates confidence in their offer, the local market and their ability to attract big brands to the area. The new, fit-for-purpose facility will meet the needs of the modern day traveler and the local market, benefitting everyone."
(GK)
