Substantial Town Centre Building • Ground & 1st Floor
Let to Boots Properties Limited
Boots In Situ For Over 15 years
Expiry September 2029
Passing Rent: £45,000p.a
Price: o/o £500,000
Location
The property is located on the north west side of High Street, north of its junction with Old Edinburgh Road on a main commercial retail thoroughfare within the town of Dalkeith. Dalkeith is a town in Midlothian, Scotland, on the River Esk located approximately 6miles from Edinburgh.
Neighbouring occupiers include B&M Home Bargains, Semi-Chem, Santander, and Superdrug.
Property
The property comprises a substantial ground and first floor commercial development of traditional stone construction surmounted by a pitched roof overlaid in slate.
Access to the property is gained via 2 main access doors situated at street level leading to an open plan sales area with partitions erected to form private dispensary and consultation room.
The upper floor is accessed via a single staircase to the rear of the property offering storage area, staff tea prep, training room and W.c facilities.
Area
The property has been calculated to offer the following floor areas;
Ground: 238.36sqm (2,566sq ft)
1st: 175.76sqm (1,892sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Boots Properties Ltd
Expiry: September 2029
Passing Rent: £45,000per annum
Covenant Info;
In the fiscal year ending August 31, 2024, Boots UK reported a turnover of £7.05 billion, marking an 8.3% increase from the previous year. This growth was driven by a 12.2% rise in retail sales, which reached £4.7 billion, attributed to improved footfall, increased online capacity, and strong beauty performance. Operating profit rose by 60% to £88 million, and post-tax profits tripled to £47 million. As of 2024, Boots operates over 2,200 stores across the UK. This includes a combination of large stores, high street locations, and pharmacies within retail spaces.
Price
The property is available on a freehold basis for o/o £500,000
V.A.T
Figures quoted are exclusive of V.A.T
Energy Performance Certificate
A copy of the EPC can be provided on request.
Lease & Title
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.
