The subjects comprise a modern, self-contained office suite situated on the ground floor of a three-storey office building.
The suite is located just off the main entrance hall and provides open plan office accommodation with a kitchen and staff break out area. The suite benefits from perimeter data trunking and floor boxes wired to a separate comms room. There is male and female toilet facilities within the premises.
Nearby office and retail occupiers include Daxtra, Dataflow UK, Inspection Network, Home Bargains, and Lidl.
Location
Musselburgh is East Lothian’s largest town with a population of 22,000 people and is situated approximately 5 miles east of Edinburgh city centre.
Newhailes Business Park is prominently located to the west of Musselburgh town centre just off Newhailes Roadand is directly adjacent to Olive Bank Retail Park. The location provides excellent access to the motorway network with the A1 and the A720 Edinburgh City Bypass both 5 minutes’ drive away.
The local area is well served by public transports links with both bus and rail operators providing regular services to Edinburgh. Musselburgh and Newhailes train stations are only a short distance away.
Accommodation
According to our recent measurement survey we calculate the approximate net internal area to be:
195.16 sq m (2,100 sq ft)
Terms
RENT
Our client is seeking rental offers over £28,000 per annum to grant a new lease on full, repairing and insuring terms.
SERVICE CHARGE AND MANAGEMENT FEE
The service charge and property management fee for the current financial year is £951.52 and £118.75 respectively.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £19,400 effective 1st April 2023. The uniform business rate for the current year is £0.498 pence in the pound.
Occupiers may be eligible for 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 gas, electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The EPC rating is pending.
LEGAL COSTS
Each party shall bear their own legal costs with the eventual tenant/purchaser liable for any Registration Dues, Land Building Transaction Tax or VAT thereon.
ENTRY
Upon completion of a formal missive under Scots Law.
ANTI-MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.