FOR SALE 176 HIGH STREET, MUSSELBURGH, EH21 7DZ - www.scarlettdev.co.ukdevelopments/musselburgh - Scarlett ...
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FOR SALE
176 HIGH STREET,
MUSSELBURGH, EH21 7DZ
© Guthrie Aerial Photography
www.scarlettdev.co.uk/developments/musselburgh The red line boundary is indicative and
for illustrative purposes only.
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ • Prominent Development Site • Site area approx. 0.19 ha (0.47 acres) • Currently two retail units with GIA 1,838 sq.m (19,790 sq.ft) • Retail income £59,000 p.a until July 2021 • Potential for re-development • Indicative scheme for 37 residential units plus 2 commercial units, subject to planning • Prime location within Musselburgh town centre • Technical pack available on request • Offers Invited The Site The highly prominent site of approx. 0.19 ha (0.47 acres) is located on the corner of Dalrymple Loan and High Street close to the Rennie Bridge (New Bridge), the main route through the centre of Musselburgh. The site is currently configured as Use Class 1: Retail and leased to Poundland Limited (Unit 1) and Poundstretcher Limited (Unit 2). The site has considerable re-development potential. The site can be sold with the benefit of vacant possession. 2 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
Existing Floor Areas
Unit 1 Sq.m Sq.ft
Retail 500.38 5,386
Rear 215.54 2,320
Total NIA 715.92 7,706
GIA 776.81 8,362 Unit 1
Unit 2 Sq.m Sq.ft Unit 2
Retail 586.13 6,309
Rear 395.42 4,256
Total NIA 981.55 10,565
GIA 1061.74 11,428
Rateable Values
• Unit 1 (Poundland Limited) - £61,300 Leases
• Unit 2 (Poundstretcher Limited) - £71,700
• Unit 1: leased to Poundland Limited on a 10 year full repairing and insuring lease from
18 July 2011 expiring 17 July 2021 at a passing rent of £59,000 per annum. The Lease
provides for a rent review on 18 July 2016 which remains outstanding.
• Unit 2: leased to Poundstretcher Limited. Under the terms of the recently passed
Company Voluntary Arrangement (CVA), no rent is payable from 15 August 2020 until
the lease expiry on 17 February 2023. The CVA terms include a mutual break option
on 30 days’ notice. Insurance and any service charge obligations continue to be met.
3 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
Connectivity
1. Old Craighall Junction for A1 and City Bypass
2. A1 7
3. Queen Margaret University
8
4. Musselburgh Train Station 3
5. The Musselburgh Golf Club 1 2 4
6
6. Newhailes House and Garden
7. Fort Kinnaird Retail Park 9
8. Portobello 5
9. Fisherrow Harbour
12
10. Brunton Theatre
13 20 10
11. River Esk 18
12. Tesco 14
16
13. Musselburgh Primary Care Centre 11
15 19
14. Musselburgh Grammar School
15. Musselburgh Sports Centre
16. Fisherrow Links
17. Loretto School
18. Inveresk Village
19. Burgh Primary School
17
20. Dundas Estates (consented for 140 units)
The Edinburgh City Bus stops next to and Musselburgh Train Station Edinburgh Airport is Various routes take
Bypass and the A1 are opposite the site. Journey approx. 1 mile / Wallyford approx. 16 miles by car. approx. 40 mins to
approx. 1.5 miles (Old time to Edinburgh is Train Station approx. 1.5 Edinburgh City Centre.
Craighall Junction) approx. 45 minutes. miles. Journey time to
Edinburgh is approx. 8
minutes.
4 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
Local Area
• Situated in the thriving historical town of Musselburgh, East Lothian
• Approx. 6 miles east of Edinburgh
• Current population of approximately 22,000
• Offers a diverse range of amenities and facilities
• Ideal for commuting to Edinburgh City
• Well served by bus and rail networks
• Bus stops adjacent to the site
• Musselburgh Train Station approx. 1 mile
• Local supermarkets: Tesco, Lidl, Aldi and Iceland
• Leisure amenities: Brunton Theatre, sports centre/swimming pool, golf courses,
Musselburgh Racecourse, John Muir Way walks, cycle paths, two beaches and promenade
• Retail: artisan & independent shops, restaurants and cafes
• Education: Queen Margaret University, Loretto Independent School and Musselburgh
Grammar
5 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ Development Potential The site lies in the defined town centre, adjacent to the Musselburgh Conservation Area and in close proximity to Listed Buildings. Planning permission will be required for any redevelopment proposal and whilst not allocated for any specific use within the East Lothian Local Development Plan, it is likely that a mixed use development of ground floor commercial with residential use above will be acceptable, subject to a high quality scheme respecting the setting of the Listed Buildings, the character and appearance of the adjacent Conservation Area and the scale of buildings in the surrounding area. For further information contact: Sheila Hobbs 07800 950 585 sh@scotthobbsplanning.com 6 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
Indicative Schedule of Accommodation
JM Architects have drawn up an outline scheme of 37 residential
units plus two commercial units at ground level fronting the High
Street.
High Street
Units NET Residential Area
Sq.m Sq.ft
Commercial Commercial
1 bed 11 53 570 Space - A Space - B
Police Station
1 bed 3 56 603 High
Church
2 bed 17 66 710 Hall
3 bed 3 88 947
3 bed 3 92 990
Total 37 2,413 25,974
Bus Depot
• Plus 2 commercial units of 122 sq.m (1,131 sq.ft) &
173 sq.m (1,862 sq.ft)
• Indicative GIA approx. 3432 sq.m (36,942 sq.ft)
For further information contact:
Rod Duncan Indicative ground floor plan.
GROUND FLOOR PLAN 1:500 @ A3 1Bed 2Bed 3Bed
07714 677 715
rod.duncan@jmarchitects.net
7 www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
8 Indicative Only (Potential New Building)
www.scarlettdev.co.uk/developments/musselburgh
FOR SALE - 176 HIGH STREET, MUSSELBURGH, EH21 7DZ
Energy Perfromance VAT
The site is elected for VAT. It is
Certificate anticipated the transfer can be
treated as a Transfer of a Going
EPC Rating = G Concern.
Offers
Technical Information Interested parties are advised to note
their interest in writing to the selling
agents. All parties who notify interest
The following information is available
will be informed of closing date
upon request:
arrangements and minimum terms.
• EPC
Contact
• Envirocheck Reports
For further information, please
• Indicative Scheme contact:
• Lease Agreements
Will Scarlett
• Title Plan 07768 146 642
will@scarlettdev.co.uk
• Topographical Survey
www.scarlettdev.co.uk
Further Information
Price
Offers are invited on a subject to
planning basis.
Scarlett Land and Development and their client give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no
responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning,
building regulation or other consents and Scarlett Land and Development have not tested any services, equipment, or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Particulars Prepared: August 2020
9 www.scarlettdev.co.uk/developments/musselburgh
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