The premises comprises a large single windowed retail unit arranged over the ground floor of a 3 story mixed commercial and residential parade. Formally a bank premises, the property boasts a large front sales area as well as rear office/meeting room, rear tea prep, stores and WC. The unit also benefits from a side fire escape which leads into the pedestrian lane to the right hand side of the property and back onto the High Street. The subjects currently benefit from class 1 retail use and class 2 professional services office but may be suitable for café or class 3 use subject to the necessary consents.
Location
The property is situated on the east side of Dunbar High Street which is located 30 miles from Edinburgh’s city centre. Dunbar High Street is a popular local retailing parade with local residents and tourists and is easily accessible from Edinburgh by train or car which both take approximately 45 minutes. Specifically, the property is well located in the middle of the High Street in a location which is highly visible and benefits from significant passing trade on foot and by car. Nearby occupiers include Chest Heart & Stroke Scotland, Sue Ryder, Aitken Chemist, Graze Coffee House and Core Yoga.
Accommodation
TOTAL 63.43 sq m (683 sq ft )
Terms
RATEABLE VALUE The subjects are entered in the current Valuation Roll at a rateable value of £XXX which results in 100% rates relief subject to tenant circumstances. Please note, a new owner or occupier of a commercial property has the right to appeal this rateable value within 6 months of the beginning of the tenancy.
LEGAL COSTS Each party to bear their own legal costs in the documentation of this transaction; however the ingoing tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon
EPC Rating - F PLANNING The property would be suitable for retail or office use under the current use class but may be suitable for café or class 3 use subject to consents
LEASE/PRICE Our client is seeking offers over £XXX per annum for a new FRI lease term and £XXX for the freehold interest of the property with vacant possession.
Specification
- LOCATED IN THE HEART OF DUNBAR HIGH STREET
- PREMISES EXTENDS TO 63.43 SQM / 683 SQFT
- OFFERS OVER £XXX PER ANNUM FOR LEASE
- OFFERS OVER £XXX FOR PURCHASE
- 100% RATES RELIEF SUBJECT TO TENANT CIRCUMSTANCES