Property Description
The subjects comprise a self-contained office on the first floor of a modern building.
The office benefits from its own main entrance door and comprise a mixture of open plan and partitioned office space with staff break out areas, kitchen facilities, stores and toilets. Lighting is LED with carpet tiles.
Adjacent office and retail occupiers include: Unison, Visualise, Enable Scotland, Hey Girls and The Paint Shed.
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 benefits from close proximity to the A1 trunk road.
The local area is well served by public transports links with both bus and rail operators providing regular services to Edinburgh.
Further Information
Accommodation
According to our recent measurement survey we calculate the approximate net internal areas to be as follows:
68.95 sq m (742 sq ft)
Rent
Our client is seeking £11,400 per annum for Unit 2. Alternatively, a single tenant could lease both Units 1 and 2 for £24,000 per annum on two separate leases.
Estate Charges are payable in addition. For the year 2022/2023 the quarterly sums are £371.74 for Unit 2.
Rateable value
According to the Scottish Assessor’s website (www.saa.gov.uk) Unit 2 has a Rateable Values of £8,200. 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.
Vat
Please note VAT is applicable to the rent and estate charges.
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.
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