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Investment for sale

Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Contact Agent
Call Agent 0131 225 1234
Shepherd Chartered Surveyors Edinburgh
Marketed by
Shepherd Chartered Surveyors Edinburgh
12 Atholl Cres, Edinburgh EH3 8HA
Properties for sale Properties to let
Available
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY
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Offers Over
£550,000
Newfield, New Street, Musselburgh, East Lothian, EH21 6HY

7776 sq. ft (722.41 m²)

Contact Agent Call Agent 0131 225 1234

Key features

  • Rarely available investment opportunity within the heart of Musselburgh
  • Established Children's Nursery Premises with capacity for 100 places in a prime Musselburgh Location
  • Net Initial yield of 5.26%
  • Passing rent of £30,250 per annum
  • Exception development opportunity upon lease expiry
  • Reputable covenant - Thrive Childcare and Education LTD

Description

The subjects comprise an attractive and substantial children's nursery formed by four interconnecting traditional stone-built buildings, sympathetically extended and adapted to provide high quality childcare accommodation. The nursery is currently licensed for up to 100 children and occupies a prominent position within landscaped grounds to both the front and rear. The accommodation is arranged over two storeys and benefits from characterful original features. Internally, the property provides a range of well-proportioned activity and learning rooms together with ancillary facilities including staff accommodation, kitchen areas, storage rooms and WC facilities. The flexible layout offers a variety of room sizes and configurations, capable of supporting a range of operational requirements including alternative commercial uses or residential conversion subject to the necessary planning consents. Externally, the landscaped grounds provide attractive outdoor space and play areas, enhancing the property's appeal and functionality.
Reference: 10010_sales
All commercial properties for sale in Musselburgh
Shepherd Chartered Surveyors Edinburgh
Marketed by
Shepherd Chartered Surveyors Edinburgh
12 Atholl Cres, Edinburgh EH3 8HA
Properties for sale Properties to let

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