Prominent Retail Unit or Leisure Opportunity
Musselburgh is a popular market town, approximately 5 miles east of Edinburgh city centre. Musselburgh has a resident population of approximately 21,900 persons, but with a wider catchment population from the rest of East Lothian and East Edinburgh.
The property occupies a prominent position on Musselburgh High Street at the junction of High Street, New Bridge and Dalrymple Loan. The south side of the High Street where the subjects are situated is considered to be the prime pitch in the town.
Nearby occupiers include Farmfoods, Boots the Chemist, M&Co, Specsavers, Costa Coffee and B&M.
The premises comprise two large ground floor modern retail units providing predominantly sales accommodation with a raised storage area to the rear. The property is split to create two retail units with both units benefiting from large display windows. There is a loading area to the rear. The premises are arranged over ground floor, with a large frontage and comprise the following approximate net internal areas:
Unit 1 (Sales): 5,385 sq ft / 500.46 sqm
Unit 1 (Storage): 2,320 sq ft / 215.61 sqm
Unit 2 (Sales): 6,310 sq ft / 586.43 sqm
Unit 2 (Storage): 4,256 sq ft / 393.53 sqm
Ground Floor Total NIA: 18,271 sq ft
The property is available subject to vacant possession. The property is available in part or whole.
The subjects are available on a new full repairing and insuring lease for a minimum term of 10 years incorporating an upward only review in the 5th year of occupation.
Rental offers are invited to lease the premises on an FRI basis.
Rateable Value: £71,000
UBR (2021/22): £0.503
Rates Payable: £35,713 pa
Rateable Value: £61,300
UBR (2021/22): £0.503
Rates Payable: £30,833 pa
The premises benefit from having Class 1 consent. Potential for Class 11, subject to planning. This property has an EPC rating of G.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.