Musselburgh Town Centre TSB Investment
Summary
- Prime Town Centre Location
- Ground Floor Commercial Unit
- 2,061sq ft
- Held on F.R.I Lease to TSB Plc
- Expiry 23rd May 2027
- Passing £40,000p.a.
- Price: £425,000
Location
The subjects are situated in a prominent position on the south side of Musselburgh, High Street - the town’s main retail parade.
Musselburgh is located on the coast of the Firth of Forth approximately 7 miles to the East of Edinburgh and is easily accessed via the A1 and A720 Edinburgh City Bypass. Musselburgh further benefits from a rail link and regular bus service.
Surrounding occupiers include national and local retailers including Costa Coffee, Greggs and B&M.
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Mainline Stations
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Musselburgh21 mins
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Wallyford27 mins
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Newcraighall33 mins
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Shawfair37 mins
Underground Station
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Chesham5970 mins
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Amersham6011 mins
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Chalfont and Latimer6031 mins
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Chorleywood6059 mins
Further Information
Price £425,000
Rates Payable Upon Enquiry
Description
Prime Town Centre Location
Ground Floor Commercial Unit
2,061sq ft
Held on F.R.I Lease to TSB Plc
Expiry 23rd May 2027
Passing £40,000p.a.
Price: £425,000
Property
The property comprises the ground floor retail / banking unit of a B-listed, four-storey stone building with traditional pitched slate roof. The upper floors are residential and not included in the subjects for sale.
The subject property benefits from glazed double retail frontage and both front and rear access, with the rear fire escape providing access to two car parking spaces. The
current fit out was installed by the tenant and is arranged in a traditional basic banking format including a front customer area and meeting rooms, counter and service area with security screen, and rear office and ancillary staff areas. The unit has a suspended ceiling and air conditioning system.
Area
191.47sqm (2,061sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease expiring 23rd May 2027 at a passing rent of £40,000p.a.x
TSB Bank plc is a British retail and bank company based in Edinburgh, Scotland, with an Experian Credit Check Report score of 100/100 -Very low risk. The company employs over 6,000 members of staff and has 175 branches throughout the United Kingdom.
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