£70,000 Guide Price

100D High Street, Montrose, DD10 8JE

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Attractive Residential Development Opportunity

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Type

Ownership

Occupation

Bedrooms

3

Council Tax

Band: A
Home Report
Attractive Residential Development Opportunity

Details

Property Summary


  • Prime Property Auctions is excited to bring to market this excellent refurbishment opportunity located within a prime location in Montrose - ***HOME REPORT £120,000***

  • ***112c, High Street, Montrose, Angus, DD10 8JE Previously sold for £165,000. 112e, High Street, Montrose, Angus, DD10 8JE £145,000. 7, John Mckay Place, Montrose, Angus, DD10 8AR £170,000***

  • Property would benefit from a degree of renovation. Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for Rare auction property.

  • Once renovated the property could attract a monthly rental of £775 - £825 per month (£9,300 - £9,900 p/a,) which would provide an exceptional gross yield of 12-13% based on a guide price of £70,000 - ***POTENTIALLY HIGH YIELDING INVESTMENT*** 

  • Property is located near a whole host of local amenities including schools, nearby medical facilities and restaurants.


 

Prime Property Auctions is excited to bring to market this excellent refurbishment opportunity located within a prime location in Montrose - Guide price £70,000

 Property comprises: Entrance hallway, living room, kitchen, 3 large double bedrooms. Property benefits from ample storage throughout and well kept communal areas. 

 

Prime Opportunity for Property investors looking for a property in an excellent location. Property requires a degree of renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property. 

Once renovated the property could attract a monthly rental of £775 - £825 per month (£9,300 - £9,900 p/a,) which would provide an exceptional gross yield of 12-13% based on a guide price of £70,000 - ***POTENTIALLY HIGH YIELDING INVESTMENT*** 

Brilliant BRRR Opportunity. Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for Capital Growth. The local areas have seen some great sales recently showing that there is strong demand.

Local sales evidence:

***112c, High Street, Montrose, Angus, DD10 8JE Previously sold for £165,000. 112e, High Street, Montrose, Angus, DD10 8JE £145,000. 7, John Mckay Place, Montrose, Angus, DD10 8AR £170,000***

Excellent Development/Refurbishment Opportunity. Property is ready for builder/investor/developer to bring to life.

 

Property has a Guide price of £70,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.

Potentially high yielding investment property.

***HOME REPORT £120,000***

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

 

Location: 

Montrose, a picturesque coastal town and former royal burgh in Angus, Scotland, holds a rich tapestry of history dating back to the 12th century when it was granted royal burgh status. Nestled at the mouth of the River South Esk and overlooking the North Sea, Montrose boasts a blend of historic and modern architecture. The town's significance in Scotland's past, particularly during the Wars of Independence, is reflected in landmarks such as the Old and New Churches of St. Mary's. Its maritime heritage, evident in the historic harbor, has contributed to the town's economic diversity, including sectors like oil and gas, agriculture, and tourism. Montrose is renowned for the Montrose Basin, a tidal basin and nature reserve attracting diverse bird species, making it a haven for birdwatchers. With a nod to recreation, Montrose is home to one of the oldest golf courses globally, the Montrose Golf Links. The town embraces its cultural identity through various events, festivals, and a vibrant community spirit, making Montrose a captivating destination for residents and visitors alike.

 

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Virtual Tours

Floorplans

Property Features

  • • Prime Property Auctions is excited to bring to market this excellent refurbishment opportunity located within a prime location in Montrose - ***HOME REPORT £120,000***
  • • ***112c, High Street, Montrose, Angus, DD10 8JE Previously sold for £165,000. 112e, High Street, Montrose, Angus, DD10 8JE £145,000. 7, John Mckay Place, Montrose, Angus, DD10 8AR £170,000***
  • • Property would benefit from a degree of renovation. Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for Rare auction property.
  • • Once renovated the property could attract a monthly rental of £775 - £825 per month (£9,300 - £9,900 p/a,) which would provide an exceptional gross yield of 12-13% based on a guide price of £70,000 - ***POTENTIALLY HIGH YIELDING INVESTMENT***
  • • Property is located near a whole host of local amenities including schools, nearby medical facilities and restaurants.

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