166/174 High Street Musselburgh East Lothian EH21 7DZ

166/174 High Street
Musselburgh
East Lothian
EH21 7DZ

Prominent Heritable Retail & Car Park Investment

  • 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    Withdrawn Post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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prominent Heritable Retail & Car Park Investment

  • 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
  • Status Withdrawn Post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.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Archibald ( 44 (0)771 8899341

EPC

Available from the legal pack at www.acuitus.co.uk

Description

The property comprises a modern, two storey building comprising a ground floor shop with ancillary and sublet office accommodation at first floor.

VAT

VAT is not applicable to this lot.

Viewings

Please contact Mhairi Archibald ( 44 (0)771 8899341

EPC

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    05.03.21
    File Size
    849 KB
    View PDF
  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    627 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
Seller's Solicitors
Addleshaw Goddard LLP
Alastair Cowan 0131 222 9856alastair.cowan@addleshawgoddard.com

Useful Links

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

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