Property Details

Unit 5 Olive Bank Retail Park Newhailes
Edinburgh, Musselburgh

£37,622 P.A.

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PropertyDescription

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.

Olive Bank Retail Park is prominently located to the west of Musselburgh town centre just off Newhailes Road and is directly adjacent to Newhailes Business Park. Existing retail occupiers include: Aldi, Iceland, JXL Crossfit Gym and Dance Evolution with a new Home Bargains store opening March 2016.

The location provides excellent access to the motorway network with the A1 and the A720 Edinburgh City Bypass both only two 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.

PROPERTY DESCRIPTION AND SPECIFICATION

The subjects form the ground floor of a two-storey steel framed building with brick outer walls and a pitched metal clad roof constructed in 2009 by the developer, Individually Designed Homes.

The unit has been completed to a shell standard comprising the following specification:

. Blockwork walls
. Concrete floors
. Toilet cores
. PVC shop fronts.

The first floor of the building comprises Newhailes Business Park where there are a number of businesses in occupation including Living Ambitions, Insureness and Christie's Accountants.

ACCOMMODATION

The accommodation has been measured in accordance with the RICS Code of Measuring Practice (6th edition). The area quoted is gross internal (GIA)

Unit 5: 269 sq m 2,894 sq ft

TOWN PLANNING

In accordance with the Town and Country Planning (Scotland) Act 1997 we understand the units currently carry consent for class 1 (non food), Class 2 and Class 3 uses.

LEASE AND SALE TERMS

Our client's will lease the property on standard full repairing and insuring (FRI) terms for a period to be negotiated. Considering will be given to heritable interests with a price quoted on application.

LEGAL COSTS

Each party shall bear their own legal costs incurred in any transaction with the ingoing tenant/purchaser responsible for LBTT, Registration Dues and any VAT thereon.

ENERGY PERFORMANCE CERTIFICATE

A copy of the certificate and recommendation can be provided on request.

VAT

All prices quoted are exclusive of VAT

RATEABLE VALUE

The units require to be assessed upon completion.

FURTHER INFORMATION AND VIEWING

By appointment through the joint letting agents IME Property Ltd and Burns and Shaw

PropertyOverview

  • Property ID:P73
  • Postal Code: EH21 6RE
  • Status:For Rent, May Sell
  • Type: commercial
  • Class:1 (Retail)
  • Property Size:2,894 sq ft
  • Price:£37,622

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