91-95 High Street Musselburgh East Lothian EH21 7DA

91-95 High Street
Musselburgh
East Lothian
EH21 7DA

Heritable Retail Investment

Let to B & M Retail Limited
Rent rebased in 2013 with a fixed rental uplift in 2017
Property extends to 1,147 sq m (12,350 sq ft)
Prominent position on main retailing street in Musselburgh
Nearby occupiers include Poundstretcher, Ladbrokes, Greggs and Costa
Completion to take place on 21st September 2015
Rent Rising to £75,000 p.a. in 2017
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
29
Auction
9th July 2015
Rent
£70,000 per Annum Exclusive
Status
Sold
Price
£592,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Pension Fund Trustees

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Heritable Retail Investment

Let to B & M Retail Limited
Rent rebased in 2013 with a fixed rental uplift in 2017
Property extends to 1,147 sq m (12,350 sq ft)
Prominent position on main retailing street in Musselburgh
Nearby occupiers include Poundstretcher, Ladbrokes, Greggs and Costa
Completion to take place on 21st September 2015
Rent Rising to £75,000 p.a. in 2017
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 29
Auction 9th July 2015
Rent £70,000 per Annum Exclusive
Status Sold
Price £592,000
Sector
High Street Retail
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

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

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.