The proposed development site is located in Musselburgh, East Lothian on Monktonhall Terrace and is bounded by Monktonhall Golf Club and the River Esk. At present the site is accessed directly from Monktonhall Terrace by way of a track. The site is located in a popular residential area which is close to the A1, Edinburgh City Bypass and provides easy access to Edinburgh City Centre and is only minutes from the bustling Musselburgh High Street. In the vicinity there is an abundance of leisure, shopping and recreational services.DirectionsTravel eastwards along the Edinburgh City Bypass until its conclusion. Follow the B6415 to the left, at the first roundabout before taking the right hand exit on the second roundabout indicating B6415 to Musselburgh. Follow the road for approximately half a mile where the site is located on the right hand side of Monktonhall Terrace, just before the 'Jooglie Brig Hotel'.Development ConfigurationThe Detailed Planning Permission from East Lothian Council Planning Department creates a well appointed development comprising 8 x three bed terraced homes and a further 4 x four bed semi-detached homes. There is a provision for curtilage parking spaces pl
Town Centre Location Extensive Refurbishment “Sweet Haven” Dessert Parlour 10year F.R.I. Lease Passing Rent: £16,000per annum 3 yearly Rent Reviews £220,000 (G.I.Y of 7.27%)
Location The subjects are situated on the main thoroughfare of Musselburgh, a popular commuter town close to Edinburgh City Centre.The subjects are situated at a main junction in the town centre of Musselburgh at High Streets junction with Newbigging close to the Musselburgh Race Course.
Subjects The subjects comprise an extensive ground floor retail premises within a commercial parade with residential dwellings above. Lighting is provided by way of halogen spot lights recessed within the ceiling, floors are overlaid by ceramic tile. The subjects have been divided into 2 main sections with main sales area to the front, with office, w.c. and staff tea prep facilities situated to the rear of the demise.
Area The subjects have been measured on a Net Internal Area basis offering the following;
85.4sqm (919sq ft)
The subjects are let by way of a Full Repairing and Insuring lease on the following terms:
Tenant: New Ltd Company Term: 10 years from 1st May 2018 - 30th May 2028 Tenant Break: 5th Anniversary providing not less than 3 months notice Rent Reviews: 3yearly cycles Deposit: A deposit of £4,000 is held by the landlord
Tenant Info: The tenants trade as “Sweet Haven” a dessert and sweet boutique with a current trading business in Tranent. The tenants have invested in excess of £30,000 into their refurbishment of the subjects and following discussion and visiting the subjects, trades very well.
£220,000 Representing a Gross Initial Yield of 7.27% before purchasers costs.
The subjects have not been elected for V.A.T.
Copies of the lease, deposit agreement & E.P.C. are available on request.
Each party shall bear their own legal costs incurred in the transaction.
The subjects can be viewed during opening hours however no discussion or approach is to be made directly to the tenant
Investment For Sale: 60 High St Musselburgh - PRIME RETAIL PROPERTY
Type: Residential, Retail, Office, Retail - High Street, Offices
60 High Street, EH21 7BXGBMusselburghEast LothianEH21 7BX60, High Street