LOCATION

Musselburgh is East Lothian’s largest town with a population of 22,000 people and is situated approximately 5 miles east of Edinburgh city centre.

Newhailes Business Park is prominently located to the west of Musselburgh town centre just off Newhailes Road and is directly adjacent to Olive Bank Retail Park.  The location provides excellent access to the motorway network with the A1 and the A720 Edinburgh City Bypass both 5 minutes’ drive away.

The local area is well served by public transports links with both bus and rail operators providing regular services to Edinburgh. Musselburgh and Newhailes train stations are only a short distance away.

DESCRIPTION

The subjects comprise a modern, self-contained office suite situated on the first floor of a two-storey building.  The ground floor contains retail units attributed to Olive Bank Retail Park.

Internally, the premises is currently in use as an adult training centre and comprises an open plan space with vinyl floor coverings and suspended ceiling.  Around the open plan space is a private office, sensory room, kitchen and WC facilities.  The unit also benefits from lift access and two dedicated car parking spaces.

Adjacent office and retail occupiers include: Unison, Enable Scotland, Hey Girls and The Paint Shed.

ACCOMMODATION

According to our recent measurement survey we calculate the approximate net internal area to be:

110.34 sq m (1,188sq ft)

RENT

Our client is seeking rental offers over £17,500 per annum to grant a new full repairing and insuring lease for a term to be agreed.  Please note VAT is applicable to the rent.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £13,500.  The uniform business rate for the current year is £0.494 pence in the pound.

Occupiers may be eligible for rates relief through the small business bonus scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILITIES

The property is served by mains electricity and water.

ENERGY PERFORMANCE CERTIFICATE

A copy of the EPC can be provided on request.

LEGAL COSTS

Each party shall bear their own legal costs with the eventual tenant/purchaser liable for any Registration Dues, Land Building Transaction Tax or VAT thereon.

ANTI-MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017.  This now requires us to conduct due dilligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

ENTRY

Upon completion of a formal missive under Scots Law.

VIEWING AND FURTHER INFORMATION

By contacting the sole agent: