Town Centre Retail Property
Ground & 1st Floor
Held on F.R.I Lease
Let to Oxfam
Lease Expiry April 2028
Passing Rent: £18,500p.a
Price: £260,000
Location
The property is situated on a busy prominent position on High Street within the town of Haddington.
Haddington is a town in East Lothian, Scotland. It is located approximately 20 miles east of Edinburgh.
Haddington is a historic town in East Lothian, Scotland, known for its rich heritage and beautiful surroundings. The town dates back to the medieval period and features several notable historical sites, including St. Mary's Church, which has impressive architecture and is a significant landmark.
Haddington served as the county town of East Lothian and has a charming town centre with a mix of traditional shops, cafes, and restaurants. The town is also home to the Haddington Golf Club and various parks and green spaces, making it a pleasant area for outdoor activities
Property
The property forms the ground and first floor of a 2 storey development surmounted by a pitched roof. The property offers multiple display windows with central door entrance.
Internally the property is fitted out in accordance with the tenants corporate specifications with partitioned w.c facilities and staff area located at first floor
Area
The property has been calculated to extend to the following internal floor area;
Ground: 124.39sqm (1,339sq ft)
1st: 85.8sqm (924sq ft)
Total: 210.19sqm (2,262sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Oxfam
Expiry: 28th April 2028
Passing Rent: £18,500p.a
Further Information: Oxfam operate around 600 shops varying from specialty book shop, bric-a-brac and general retail stores. For the year ending 31st March 2024, Oxfam reported an annual turnover of £364m
Price
The property is available on a freehold basis for £260,000
V.A.T.
Prices quoted are exclusive of V.A.T.
E.P.C
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
L.B.T.T. & Registration Dues
Any L.B.T.T. or Registration Dues incurred in the transaction shall be borne by the tenant / purchaser.
V.A.T
Figures quoted exclusive of V.A.T.
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time