Retail premises for sale
£250,000 (£95.09/sq. ft)
Olive Bank Retail Park, Musselburgh EH21
Retail premises for sale
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Call +44 131 268 9630 *
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- Rare opportunity to acquire a modern retail unit
- Situated on fringe of Musselburgh town centre
- Suitable for buy-to-let/owner occupier
- Close to road and rail travel links
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 the popular Newhailes Business 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 less than 1 mile away.
The subjects form the ground floor of a two-storey steel framed building consisting of retail and leisure units on the ground floor and office suites at first floor level.
Internally, the premises are currently fitted out for a dance studio with a number of large partitioned rooms. On the east side of the unit there is an office, kitchen, store room and WC facilities. The large glazed screens to the front ensure there is plenty of natural light provided to the rooms facing the car park.
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.
According to our recent measurement survey we calculate the approximate net internal area to be:
244.26 sq m (2,629 sq ft)
Our client is seeking offers over £250,000 for their heritable interest in the subjects.
Consideration will be given to leasehold interests with details provided on request.
According to the Scottish Assessor's website the subjects have a Rateable Value of £10,704. The uniform business rate for the current year is £0.484 pence in the pound.
For properties with a Rateable Value of £15,000 and under occupiers may be eligible for 100% rates relief through the Small Business Bonus Scheme, depending on individual circumstances.
The property is served by mains electricity and water.
Available on request.
All prices quoted are exclusive of VAT.
Each party shall bear their own legal costs in documenting the transaction.
Upon completion of a formal missive under Scots Law.
By appointment through the sole the selling agent Allied Surveyors Scotland plc.
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Allied Surveyors Scotland, and do not constitute property particulars. Please contact Allied Surveyors Scotland for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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