LOCATION

Dunbar is an established East Lothian commuter town situated just off the A1 trunk road, the main vehicle access leading from Berwick-upon-Tweed to Edinburgh which has been recently upgraded and has considerably improved the drive time to Dunbar.

Dunbar is located approximately 30 miles to the East of Edinburgh and approximately 30 miles to the North West of Berwick-upon-Tweed and benefits from its close proximity to the A1 and its main line railway station giving access to Edinburgh in approximately 30 minutes.

The subject property is located on the West side of the High Street between the A1087 and Bayswell Road, both located in the centre of Dunbar.

Neighbouring commercial occupiers in close proximity include a Royal Bank of Scotland and Scotmid Supermarket.

DESCRIPTION

The property currently comprises two lock-up shop units with Class 1 and Class 2 useage with three flats above.

More precisely the accommodation comprises the following:-

Three flats located at first, second and third floor level comprising a studio flat on the first floor, three bedroom flat at second floor level and a three bedroom flat at third floor level all with associated accommodation/reception rooms.

At ground floor ancillary 134 High Street is a Class 1 retail unit currently operating as a sweet shop. This is occupied on an informal lease arrangement with the Tenant paying £5,000 per annum with a term certain of one month. Neighbouring this at 130 High Street is a coffee shop with bakery trade counter sales, behind this a seating area and to the rear of this the main bakery.

The bakery is serviced from the lane to the rear and currently benefits from a mixed Class1/Class2 retail consent. This element of the accommodation is owned and occupied by our clients and we have estimated that the market rent payable would be in the order of £15,000 per annum if let on the open market in its current condition.

SIZES

The sweet shop at 134 High Street has a front shop area of 354 sq.ft. and back shop of 275 sq.ft.

The bakery/coffee shop extends to 3,981 sq.ft. which is made up of the front and back shop areas, coffee shop, various ancillary areas including offices, stores and preparation areas and a main bakery and chiller extending to 1,756 sq.ft. to the rear.

The site to the rear, as currently configured with all of the existing buildings in place, extends to approximately 0.27 acres and with the rear bakery removed (leaving just the main tenemental style block) extends to approximately 0.42 acres (0.17 hectares)

OPPORTUNITY

We offer for sale the property in its current format with the large development site to the rear for potential development, subject to planning.

Adjacent to this site at 136-138 High Street, a development was undertaken approximately five years ago known as Aitken Court comprising a development of three storey flats/townhouses. Our expectation is that upon application to East Lothian Council to provide a similar development in terms of scale and density would fit with current zoning of town centre activities as is evidenced adjacent.

Our clients are likely to accept offers subject to planning.

PLANNING

The site is located in an area zoned for Town Centre activities. Given the adjacent development at Aitken Court being three storey flats/townhouses to the rear of existing High Street properties we would advise all interested parties to make enquiries of East Lothian Council Planning Department in order to confirm the likely acceptance of any developments proposed.

East Lothian Council Planning Department can be contacted as follows:-

East Lothian Council
John Muir House
Court Street
Haddington
East Lothian
EH41 3HA

Tel: 01620 827216
Fax: 01620 827723

Smith's Bakers has been family owned and operated for 155 years operating as a traditional bakers with associated café (35 covers).  It is offered for sale due to retirement.

An extensive range of quality sweet and savoury items are available, all of which are freshly prepared on the premises.

Retail sales generate the majority of income, supplemented by the café.  There is, however, a strong wholesale element which generates in the region of £7,500 a month.

Financial documentation will be provided to interested parties after viewing and confirmation of interest.  Sales for the year ended 10 June 2007 were circa £370,000, net of VAT.

TRADE INVENTORY

The bakery is fitted and equipped with an extensive range of equipment/machinery to include a walk in freezer (circa 60m²) which was installed two years ago at a cost of circa £46,000.

The trade inventory will be included in the price as a going concern.  We are advised this is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.