The subjects form the ground floor of a two-storey steel framed building with brick outer walls and a pitched metal clad roof constructed in 2009 by the developer, Individually Designed Homes. In addition to the existing retail park occupiers, as illustrated by the master plan, there are five units available which have all been completed to a shell standard comprising the following specification:
• BLOCKWORK WALLS
• TOILET CORES
• CONCRETE FLOORS
• PVC SHOP FRONTS
The first floor of the building comprises Newhailes Business Park where there are a number of businesses in occupation including Insureness, Christie’s Accountants and Individually Designed Homes.
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.
Olive Bank Retail Park is prominently located to the west of Musselburgh town centre just off Newhailes Road and is directly adjacent to Newhailes Business Park. Existing retail occupiers include Aldi and Iceland with Home Bargains targeted to open in autumn 2015 (subject to planning).
The location provides excellent access to the motorway network with the A1 and the A720 Edinburgh City Bypass both only two 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 train station and the park and ride at Newcraighall are only a short distance away.
Accommodation
The accommodation has been measured in accordance with the RICS Code of Measuring Practice (6th edition). The areas quoted are all gross internal with the exception of unit 1 which is net internal due to its fitted out condition:
Unit 1 - 71 sq m (765 sq ft)
Unit 5 - 269 sq m (2,894 sq ft)
Unit 7 - 268 sq m (2,884 sq ft)
Unit 9* - 258 sq m (2,780 sq ft)
Unit 5, 7 and 9 have the potential to be linked together, either in whole or part, to meet bespoke retail requirements seeking between 539 sq m (5,800 sq ft) and 795 sq m (8,560 sq ft).
Has the potential to be linked with office unit 10 via an internal staircase.
Terms
TOWN PLANNING
In accordance with the Town and Country Planning (Scotland) Act 1997 we understand the units currently carry consent for class 1 (non food), Class 2 and Class 3 uses.
SALE AND LEASE TERMS
Our client’s will consider both leasehold and Heritable interests with prices quoted on application. Leases will be granted on standard full repairing and insuring (FRI) terms.
LEGAL COSTS
Each party shall bear their own legal costs incurred in any transaction with the ingoing tenant/purchaser responsible for LBTT, Registration Dues and any VAT thereon.
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate will be provided to an ingoing tenant or purchaser.
VAT
All prices quoted are exclusive of VAT.
RATEABLE VALUE
The units require to be assessed upon completion.
Specification
- 12,000 sq ft pre-let to Home Bargains (subject to planning)
- Existing occupiers include Aldi, Iceland and Dance Evolution
- Shell units ready for occupier fit-out
- Next to Newhailes Business Park
- High car parking ratio
- 5 minutes from A1/Edinburgh City Bypass