Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Pension Fund Trustees
Property Information
Location
Miles
6 miles east of Edinburgh
Roads
A199, A1
Rail
Musselburgh Rail Station (9 minute journey to Edinburgh city centre)
Air
Edinburgh International Airport (16 miles west)
Situation
Musselburgh is located in East Lothian only 6 miles east of Edinburgh city centre and is a popular commuter town for the capital. The property is situated on the northern side of the busy High Street with neighbouring occupiers including Costa Coffee, Poundstretcher, Ladbrokes and Greggs. There is unrestricted on street parking along the High Street.
Tenure
Heritable.
Location
Miles
6 miles east of Edinburgh
Roads
A199, A1
Rail
Musselburgh Rail Station (9 minute journey to Edinburgh city centre)
Air
Edinburgh International Airport (16 miles west)
Situation
Musselburgh is located in East Lothian only 6 miles east of Edinburgh city centre and is a popular commuter town for the capital. The property is situated on the northern side of the busy High Street with neighbouring occupiers including Costa Coffee, Poundstretcher, Ladbrokes and Greggs. There is unrestricted on street parking along the High Street.
Tenure
Heritable.
Description
91 – 95 High Street, Musselburgh comprises a modern building planned over ground and first floors. The property provides a retail sales floor at ground floor with storage and staff accommodation at first floor.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
91 – 95 High Street, Musselburgh comprises a modern building planned over ground and first floors. The property provides a retail sales floor at ground floor with storage and staff accommodation at first floor.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
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
Review/(Reversion)
Ground First
Retail Ancillary
1,045.33 sq m 102.00 sq m
(11,252 sq ft) (1,098 sq ft)
B & M RETAIL LIMITED (1)
10 years to 20/09/2023 (2)
£70,000
21/09/2017 (3) (20/09/2023)
Totals
1,147.33 sq m
(12,350 sq ft)
£70,000
(1) For the year ending 28/03/2015, B & M Retail Limited reported a turnover of £1,646,800,000, pre-tax profits of £61,700,000. B & M Stores trades from over 400 stores and employs over 17,000 staff across the UK. B&M Stores opened 52 new stores during the 52 weeks to 28th March 2015 (Source: www.bmstores.co.uk 10/06/2015). (2)There is a tenant break option on 20th September 2018, on 12 months’ prior written notice. (3)There is a fixed rental uplift to £75,000 p.a.x.
