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
    25/Mar/2021
  • Rent
    £67,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 166/174 High Street<br>Musselburgh<br>East Lothian<br>EH21 7DZ
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* More information on the term "price" can be found here

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).

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

FloorUseFloor Areas
(Approx)
TenantTermRent 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 FloorOffice
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.03.21
    File Size
    218 MB
    Login to View
  • 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
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP
Alastair Cowan 0131 222 9856alastair.cowan@addleshawgoddard.com

Useful Links

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