54 - 56 Court Street Haddington East Lothian EH41 3AF

54 - 56 Court Street
Haddington
East Lothian
EH41 3AF

Heritable Former Bank/Retail and Office

  • Part let to Clyde & Forth Press Limited on a new 5 year lease (lease renewal) (3)
  • Vacant Possession of majority of ground floor, with redevelopment, refurbishment and Change of Use potential (subject to planning)
  • Asset management opportunities including potential to reinstate ATM
  • Attractive detached period property totalling 333.13 sq m (3,585 sq ft)
  • Prominent position within a prosperous commuter town close to Edinburgh
  • Lot
    48
  • Auction
    23rd October 2014
  • Rent
    £16,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Heritable Former Bank/Retail and Office

  • Part let to Clyde & Forth Press Limited on a new 5 year lease (lease renewal) (3)
  • Vacant Possession of majority of ground floor, with redevelopment, refurbishment and Change of Use potential (subject to planning)
  • Asset management opportunities including potential to reinstate ATM
  • Attractive detached period property totalling 333.13 sq m (3,585 sq ft)
  • Prominent position within a prosperous commuter town close to Edinburgh
  • Lot 48
  • Auction 23rd October 2014
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Situation

The property is situated in a prominent location on the north side of Court Street, close to the junction with Station Road. The property is located adjacent to the Post Office with Royal Bank of Scotland, HBoS and M&Co all close by.Tesco and TSB are also represented in the town.

Tenure

Heritable.

Situation

The property is situated in a prominent location on the north side of Court Street, close to the junction with Station Road. The property is located adjacent to the Post Office with Royal Bank of Scotland, HBoS and M&Co all close by.Tesco and TSB are also represented in the town.

Tenure

Heritable.

VAT

VAT is not applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact: Mhairi Jarvis. Tel: (0)131 554 1705.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises an imposing two storey period building with a rear extension to the ground floor only.The property is B Listed (Historic Scotland) and therefore empty rates are not payable over the vacant accommodation. The grand entrance and reception area has a staircase leading to the self-contained first floor office accommodation.

VAT

VAT is not applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact: Mhairi Jarvis. Tel: (0)131 554 1705.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground Office/Former
Banking Hall
191.74 sq m
(2,064 sq ft)
VACANT (1) - -
Part Ground
and First
Office
141.39 sq m
(1,522 sq ft)
CLYDE & FORTH
PRESS LIMITED (2)
5 years from 01/10/2014 until 30/09/2019 on a Full Repairing and Insuring lease (3) £16,000
Totals
333.13 sq m
(3,586 sq ft)
    £16,000

(1) We understand that the previous tenant, Clydesdale Bank, may wish to reinstate the ATM at the property.
(2)Trading as the East Lothian Courier. Clyde & Forth Press Limited publishes a portfolio of newspaper brands in print and online with 32 titles and over 30 websites. Examples of their publications include East Lothian Courier, Central Fife Times and Greenock Telegraph. For the year to 28/09/13, Clyde & Forth Press Limited reported a turnover of £13.26million and pre-tax profits of £2.92 million (Source: One Source One Stop Report 13/09/14 and ww.cfpress.co.uk)
(3) The lease is subject to a tenant’s option to determine on 30th September 2017 on 6 month’s prior notice.

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    669 KB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    48 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shepherd & Wedderburn 1 Exchange Crescent, Conference Square
Edinburgh
EH3 8UL
Michael Henderson 0131 473 5189Michael.Henderson@shepwedd.co.uk  Vikki Henderson 0131 473 5260vikki.henderson@shepwedd.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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