The subjects comprise a multi-windowed retail unit arranged over the ground floor of a traditional three storey tenement block. Internally the property consists of an open plan office space with two smaller partitioned offices, kitchen tea prep and WC facilities. The property also benefits from rear access into a shared garden. Nearby occupiers include Baynes Baker, Boots Pharmacy, Ladbrokes and Gurkha Indian Restaurant.
Location
The subject property is located on the south side of North High Street, between the junctions of South Street to the east and Lochend Road South to the west, opposite Fishers Wynd in the northern section of Musselburgh High Street. Musselburgh is situated approximately 5km to the east of Edinburgh’s City Centre and is a popular commuter town which extensive transport links into the city.
Accommodation
We calculate that the subjects net internal area extends to approximately;
Ground Floor 129m² (1,388ft²)
Total: 129m2 (1,388ft2)
Terms
RATEABLE VALUE
The subjects are entered in the current Valuation Roll at a rateable value of £13,000 per annum. Please note, a new tenant or occupier of a property has a right to appeal this rateable value within 6 months of the beginning of the tenancy agreement and this property may also be applicable for rates relief on application by tenant.
LEASE TERMS
The subjects are offered on a full repairing an insuring basis for a term to be agreed incorporating regular rent reviews at an initial rental of £14,000 per annum.
PRICE
Offers over £155,000 to purchase the freehold interest.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
EPC Released on application.
LEGAL COSTS
Each party to bear their own legal costs in the documentation of this transaction; however the purchaser will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
Specification
• Ground floor double windowed retail unit
• Located in the heart of Musselburgh High Street
• Offers in excess of £14,000 per annum to let
• Offers in excess of £155,000 to purchase
• Premises extends to 129m2 (1,388ft²)
• Benefits from small business rates relief
• Potential for office use subject to consents