DESCRIPTION
The subjects comprise a rarely available workshop/warehouse premises with offices, loading bay, secure storage yard and associated car parking.
The land on which the property sits extends to approximately 0.285 hectares (0.7 acres). The storage yard element extends to approximately 0.1 hectares (0.25 acres). Access is provided directly off the roundabout leading into Newhailes Industrial Estate.
The two warehouses are of steel frame construction with corrugated cladding, translucent roof panels and benefit from 4.6 metre wide roller shutter doors. The eaves height is approximately 3-metres rising to 5-metres at the apex. In between the warehouses there is an external loading bay area with access to staff mess facilities, training room and WCs.
The offices, meanwhile, are situated at first floor providing a reception, three private offices, a store and kitchen. The offices are of block work construction with electric heating, a mixture of laminate and carpet floor coverings, plaster board ceilings and recessed downlighters.
The yard area is hard standing with gated access and a palisade-style fence separating it from adjoining properties.
Location
Musselburgh is East Lothian’s largest town with a population of 22,000 people and is situated approximately 5 miles south-east of Edinburgh city centre.
Newhailes Industrial Estate is an established location which is situated to the west of Musselburgh town centre, just off Newhailes Road. It is in close proximity to Fort Kinnaird Retail Park, Scotland’s largest, which provides a wide range of excellent amenities.
The subjects enjoy good access to the local trunk road network with the A1 and the A720 Edinburgh City Bypass both only 5 minutes’ drive away. In addition, public transport is well provided for with local bus services rail stations at Newhailes and Musselburgh in close proximity.
Nearby occupiers include Sharkey, SJS Property Services, Jump In Trampoline Park, Howdens and Paragon Products.
Accommodation
We have calculated the approximate Gross Internal Area of the subjects to be as follows:
| | SQ M | SQ FT |
| Warehouse 1 | 291.51 | 3,137 |
| Warehouse 2 | 291.51 | 3,137 |
| First Floor Offices | 75.19 | 809 |
| Ground Floor Training Room, Staff Mess, Shower/WCs | 39.95 | 430 |
| | 698.16 | (7,513) |
Terms
RENTAL
Our client is seeking a rent in excess of £50,000 per annum exclusive of VAT.
LEASE
The subjects are available on the basis of a new lease on full repairing and insuring (FRI) terms.
GROUND LEASE
We understand the title to the property is subject to a Ground Lease with East Lothian Council which is due to expire 5th November 2123. The current passing rent is £6,200 per annum effective from 6th November 2018.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £42,600 effective 1st April 2017. 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 EPC rating is [X]
A copy of the EPC can be provided on request.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant liable for any Registration Dues, Land Building Transaction Tax or VAT thereon.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole letting agents, Allied Surveyors Scotland plc.