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110 North High St

2,278 SF Retail Building Musselburgh EH21 6AS £120,000 (£53/SF) 9.01% Net Initial Yield

Investment Highlights

  • Located on Musselburgh’s primary commercial thoroughfare
  • Currently let to Ladbrokes Betting & Gaming Limited
  • Attractive VAT free retail investment opportunity

Executive Summary

The subjects are let on an FRI basis to Ladbrokes Betting & Gaming Limited at a current passing rent of £11,000 per annum. The lease was recently extended a further 5 years from 1 April 2030 to 31 March 2035. There is a tenant only break option on 31 March 2030 and the rent shall be reviewed on 1 April 2025 and 1 April 2030.

Attachments

Brochure

Property Facts Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,278 SF
Building Class
B
Year Built
1901
Price
£120,000
Price Per SF
£53
Net Initial Yield
9.01%
NOI
£10,812
Tenancy
Single
Number of Floors
3
Building FAR
2.53
Lot Size
0.02 AC
Frontage
32 ft on North High Street

Amenities

  • 24 Hour Access
  • Storage Space

Nearby Major Retailers

Iceland
Bank of Scotland
Costa Coffee
ALDI
Farmfoods
Santander
Lidl
TSB Bank
Virgin Money Plc
Tesco
  • Listing ID: 29563869

  • Date on Market: 20/09/2023

  • Last Updated:

  • Address: 110 North High St, Musselburgh EH21 6AS

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