The subjects comprise the ground floor of a three storey and attic terraced property which is of stone and slate construction. We understand that building, of which the subjects form part, has recently been subject to a common repairs scheme. Internally the subjects are arranged to provide a front sales area and back shop together with storage, kitchen and WC to the rear.
Location
Haddington is a market town located approximately 17 miles east of Edinburgh and benefits from a population in excess of 9,000 people. The subject property is located on the south side of the High Street, the main thoroughfare within the town centre. Nearby occupiers include Right Medicine Pharmacy, Oxfam, Subway and The Golden Grain Restaurant.
Accommodation
The subjects have a ground floor area of :
716 sq ft (66.52 sq m)
Terms
Tenure
The subjects are offered on the basis of a new Full Repairing and Insuring lease incorporating 5 yearly upward only rent reviews, for a term to be agreed. Rental offers over £XXX per annum are invited. Alternatively our client may consider a sale of the heritable interest and offers over £XXX are sought.
Rating
We understand from the Local Assessor’s website that the subjects have the following rating assessment:‐
Rateable Value - £XXX
UBR (2013/14) £XXX
Rates Payable - £XXX (exclusive of water/sewerage)
Under the Small Business Scheme announced for 2013/14 properties with an RV of below £XXX may qualify for 100% relief on rates payable depending on individual circumstances. This rate can be appealed within 6 months of entry.
Energy Performance Certificate
To be confirmed.
Legal Costs
Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Value Added Tax
Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Specification
- Rare retail opportunity
- Town centre location
- On street parking
- NIA 716 sq ft (66.52 sq m)