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 the expanding Olive Bank Retail Park. The location provides excellent access to the motorway network with the A1 and the A720 Edinburgh City Bypass both 2 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 train station and the park and ride at Newcraighall are only a short distance away.
The subjects comprise a two-storey steel framed building, constructed in 2009, consisting of retail and leisure units on the ground floor and office suites at first floor level.
The estate on which the subjects occupy has undergone expansion in recent years including an enlarged car park and improved access from Newhailes Road. Other occupiers include Home Bargains, Vets 4 Pets, Aldi, Insureness, A&E Controls and Enable Scotland.
The available offices have been completed to a high standard and consist of the following
• Perimeter data trunking
• Suspended ceilings with category 4 lighting
• Lift access
• Kitchen and WC facilities
• Fully DDA compliant
Unit 9, meanwhile, is a single retail unit which benefits from Class 11 (leisure) consent
The accommodation has been measured in accordance with the RICS Code of Measuring Practice (6th edition) and the net internal floor areas are contained in the following table.
UNIT SQ M SQ FT RENT
2 69.03 743 £11,145
10A/1 28.2 303 £6,273
10A/2 32.16 346 £7,148
10A/3 35.3 380 £7,774
10B 128 1,378 £16,536
Unit 9 257 2,751 £34,388
Monthly estate fees are due on each unit and details can be provided on request.
LEASE AND SALE TERMS
Office suites 10A/1, 2 and 3 are available on short-term License Agreements subject to a minimum term of 6 months.
Office suites 2 and 10/B, meanwhile, are available on standard full repairing and insuring (FRI) lease terms.
Unit 9 is available by way of a new full repairing and insuring (FRI) lease.
Our client will also consider selling their heritable interest in any of the available units.
The available offices will require to be reassessed on completion of the landlord’s works.
According to the Scottish Assessor’s website (www.saa.gov.uk) retail unit 9 has a Rateable Value of £29,100 effective 1st April 2017. The uniform business rate for the current year is 46.6 pence in the pound.
Occupiers may be eligible for 100% 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.
Each party shall bear their own costs incurred in either leasing or acquiring the property. If a lease is granted the tenant will be responsible for LBTT and Registration Dues.
A copy of the Energy Performance Certificate for each unit is available on request.
FURTHER INFORMATION AND VIEWING
By appointment only through the joint letting agents, IME Property Ltd and Burns & Shaw.