There is a modern information board just around the corner in nearby Baxter’s Vennel which gives a detailed account of the Watergate, one of the most important streets in historic Perth. For centuries it was the nearest road parallel to the River Tay. The board recounts the layout of vennels dating from medieval times including Water Vennel and Fountain Close. It also lists various buildings which existed here in the Medieval and Post Medieval periods. These included the Lord Chancellors House, the Bishop of Dunkeld’s Palace and Gowrie House.

The present buildings in Watergate were largely built in the 18th century.

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