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Withdrawn Post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
Auction Venue
Live Streamed Auction

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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Status Withdrawn Post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

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

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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.