The subjects comprise a retail unit forming the ground floor of a two-storey and attic building with roughcast exterior to the upper level beneath a pitched, slate roof. The upper floor and basement floor are in residential use.
The shop frontage is timber framed with four display windows. Internally, there is an open plan
Shop area contained behind a staff counter. The unit is in ‘white box’ condition with LED light fittings and rubber matt floor coverings. The rear area comprises a WC and single window.
Location
Musselburgh is the largest town in East Lothian and is located approximately 7 miles east of Edinburgh city centre. It benefits from close proximity to the A1 trunk road and A720 Edinburgh City Bypass.
The subjects are situated on the south side of North High Street close to the junction of Lochend Road South and Lochend Road North. Nearby landmarks include the Brunton Theatre whilst Fisherrow Harbour is only a short distance away.
Adjoining commercial occupiers include Boombarbers, Boots, Domino’s Pizza and Bayne’s the Bakers. On street parking is available and the area is well served by public transport connections.
Accommodation
According to our recent measurement survey the premises contain the following approximate net internal area:
53.65 sq m (577 sq ft)
Terms
TERMS
Offers over £11,500 per annum are sought to grant a new lease on full repairing and insuring terms (FRI).
Our client may consider selling their heritable interest in the subjects with offers over £130,000 invited.
RATEABLE VALUE
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £7,800. 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.
UTILTIES
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request
LEGAL COSTS
Each party shall bear their own legal costs in the preparation of the lease with the eventual tenant liable for any Registration Dues or LBTT thereon.
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.
ENTRY
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By contacting the sole letting agent: