Shop let to M&Co Trading Ltd (t/a M&Co) on a new 5 year lease (1)
Large car park at rear let to Parking Ecosse Limited
Prominent High Street location with on street car parking
Neighbouring occupiers include Halifax, British Heart Foundation, Specsavers and Holland and Barrett
VAT free investment
Lot 43
Auction 25th March 2021
Rent £67,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles east of Edinburgh
Roads
A1, A7, A68, A720 (Edinburgh Bypass)
Rail
Musselburgh Railway Station (ScotRail)
Air
Edinburgh Airport (17 miles to the west)
Situation
Musselburgh is located approximately 5 miles east of Edinburgh, off one of the arterial routes into the city centre. The property is located in a prominent position on the south side of High Street, close to River Esk. Nearby occupiers include Farmfoods, Poundland, Savers Health and Beauty, Holland & Barrett and McColl's.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
5 miles east of Edinburgh
Roads
A1, A7, A68, A720 (Edinburgh Bypass)
Rail
Musselburgh Railway Station (ScotRail)
Air
Edinburgh Airport (17 miles to the west)
Situation
Musselburgh is located approximately 5 miles east of Edinburgh, off one of the arterial routes into the city centre. The property is located in a prominent position on the south side of High Street, close to River Esk. Nearby occupiers include Farmfoods, Poundland, Savers Health and Beauty, Holland & Barrett and McColl's.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a modern, two storey building comprising a ground floor shop with ancillary and sublet office accommodation at first floor.
Available from the legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary/Office (3)
442.57 sq m 185.25 sq m
(4,764 sq ft) (1,994 sq ft)
M&Co Trading Limited (2)
04/08/2020 to 03/08/2025 (1)
£40,000
First Floor
Office
202.99 sq m
(2,185 sq ft)
Penumbra (4)
15/12/2017 to 14/12 2022
£12,000
Car Park Site - 21 Kilwinning Place
Parking Ecosse Limited
Annual licence to 10/05/2021
£15,000
(1) Tenant option to determine the lease on the third anniversary of the term (upon six months written notice) (2) M&Co was founded in 1834 and operate from over 300 stores. M&Co employs over 3,900 staff members (mandco.com 24/02/2021). (3) First floor is sublet to Penumbra at an annual rent of £12,000 p.a.x. Further detail can be found in the legal pack. (4) Penumbra lease also includes use of 6 car parking spaces at rear of property. The lease is subject to a Schedule of Condition. Penumbra are a not for profit home care agency (https://www.penumbra.org.uk/service-locations/east-area-services/east-lothian)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
