DEVELOPMENT | AGENCY | INVESTMENT | ACQUISITION | ASSET MANAGEMENT

87 High Street, Dalkeith, EH22 1JA

www.cuthbertwhite.com 38 THISTLE STREET|EDINBURGH|EH2 1EN

Retail Investment Opportunity 1,518 Sq Ft / 141.01 Sq M

tel: 0131 202 1880

Let to Oxfam on a lease expiring on 27 April 2025 subject to a tenant only break option on 27 April 2020 on giving 6 months notice

Annual rental income of £15,500 per annum The next rent review is due on 28 April 2020

Oxfam have been in occupation since 1982 Offers in excess of £160,000 representing

an attractive net initial of 9.50% and a capital value of £105.40 psf. All figures quoted assume the usual purchaser’s costs including LBTT.

LOCATION87 High Street is located in the popular commuter town of Dalkeith, situated approximately 7 miles south of Edinburgh city centre. Edinburgh city centre is easily accessible from Dalkeith via the city bypass as well as several bus links.

SITUATIONThe property is situated on the north side of the High Street, in the heart of the town centre close to the junctions with Edinburgh Road and South Street. Within the town centre there is a mix of national and local occupiers including, WH Smith, RBS, Bank Of Scotland, Subway, William Hill and Vaporized.

DESCRIPTIONThe property comprises a ground floor, double fronted glazed retail unit with ancillary storage on two upper floors within a three storey mid terrace under a pitched and slated roof. The property is utilised by Oxfam as a high street charity shop.

Floor Sq M Sq FtGround 100.42 1,081First 15.51 167Second 25.08 270ITZA 66.61 717

PLANNINGThe building is Category C listed.

FLOOR PLANS

First Floor

Ground Floor

Second Floor

TENANCYThe property is let on FRI terms to Oxfam until 27 April 2025 subject to a tenant only break option on 27 April 2020 on giving 6 months notice.

TENANT COVENANTOxfam is an international confederation of charitable organisations headquartered in the United Kingdom. Founded in 1942 it provides support to eradicate poverty and alleviate the effects of famine.

Oxfam as at 31 March 2017 reported total income of £408.6m, charitable expenditure of £303.5m, and a net income of £6.4m.

2014/15 2015/16 2016/17Total Income £401.4m £414.7m £408.6mCharitable Expenditure £298.4m £322.0m £303.5mNet Income £13.6m (£5.4m) £6.4m

TENUREAbsolute ownership (Scottish equivalent of English Freehold).

EPC RATINGFurther information available on request.

VATThe property has been elected for VAT and therefore VAT will be payable on the purchase price, however, it is anticipated that the sale will be treated as a Transfer of a Going Concern TOGC.

INVESTMENT PROPOSALWe are instructed to seek offers in excess of £160,000 excluding VAT for our client’s interest in the property. A purchase at this level would reflect attractive net initial of 9.50% and a capital rate per sqft of £105.40 psf.

All figures quoted assume the usual purchaser’s costs including LBTT.

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IMPORTANT NOTICE: CuthbertWhite Ltd for the vendor of this property, whose agents they are, give notice that:1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intendingpurchasers and do not constitute part of an offer or contract. Purchasers ought to seek their own professional advice.2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupationand other details are given in good faith, and are believed to be correct, but any intending purchaser should not relyon them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to thecorrectness of each of them. 3. No person in the employment of CuthbertWhite Ltd has any authority to make or giveany representations or warranty whatever in relation to this property nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting propertieswhich have been sold, let or withdrawn. Photographs taken January 2018. Particulars prepared February 2018.

VIEWING & FURTHER INFORMATIONFor further information or to arrange an inspection please contact:

Gavin G ScottT: 0131 202 6783M: 07982 716 633E: gavin@cuthbertwhite.com

Stephen KayT: 0131 202 6782M: 07971 809 226E: stephen@cuthbertwhite.com

50 metres

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