Prestonpans is a coastal town in East Lothian situated approximately 12 miles east of Edinburgh city centre. It is one of a cluster of towns which sit on this stretch of coastline all benefitting from easy access to the A1 and A720 Edinburgh City Bypass.
The subjects are located centrally on the south side of the High Street close to the junction of New Street. Several other commercial occupiers are nearby including a bakery, opticians, estate agency and hairdresser. To the south of the High Street lie predominately residential areas.
Good public transport links are available including regular bus services, whilst Prestonpans Railway Station, with frequent services to Edinburgh Waverley, is only a short distance away.
The subjects comprise the ground floor of two storey property with a residential flat on the upper floor beneath a pitched and tiled roof.
Currently trading as a traditional newsagent shop the unit is open plan with two distinct sales areas. There is no basement but to the rear is a generously sized storeroom whilst there is also a staff kitchenette and WC.
The two large windows to the front of the premises make excellent display areas.
According to our measurement survey the premises contain the following approximate net internal area:
80 sq m (861 sq ft)
Our client is seeking offers over £8,000 per annum to grant a new lease.
The subjects are available on the basis of a new full repairing and insuring (FRI) lease for a term to be agreed.
Alternatively, our client will consider offers for the heritable interest in the subjects with offers over £75,000 sought.
According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a Rateable Value of £9,300. The uniform business rate for the current year is £0.466 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.
The property is served by mains electricity and water.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Certificate rating is pending.
A copy of the recommendation report is available on request.
Each party shall bear their own legal costs in the preparation of the lease with the eventual purchaser or tenant liable for any Registration Dues or LBTT thereon.
Upon completion of a formal missive under Scots Law.
VIEWING AND FURTHER INFORMATION
By appointment through the sole agent, IME Property Ltd.