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Opening Bid

£35,000

112 Castle Street, Montrose, DD10 8AX

Commercial

leisure

takeaway

Vacant

Deadline for offers

4 days left

Rare Commercial Investment Opportunity

Description

  •  PRIME NEW LISTING. We are excited to present this vacant commercial property located within a prime location in Montrose, DD10 8AX.
  • 5, Gibson Place, Montrose, DD10 8HQ sold for £145,000 | 51a, Bridge Street, Montrose, DD10 8AE sold for £117,000
  • For rental purposes, the property could command a rental of between £900 - £1000 per month, offering an excellent gross yield if achieved for the guide price.
  • The property is being offered at a fantastic discount to ensure a quick auction sale, providing a rare investment opportunity for the right buyer.
  • Situated near a whole host of local amenities and facilities, the property's location is ideal for attracting a steady customer base or future tenants.
PRIME NEW LISTING. We are excited to present this vacant commercial property located within a prime location in Montrose, DD10 8AX.

The property comprises a welcoming Chinese takeaway with a spacious waiting area, a well-equipped kitchen, a convenient bathroom, and ample storage space, all designed to cater to business needs effectively.

For rental purposes, the property could command a rental of between £900 - £1000 per month, offering an excellent gross yield if achieved for the guide price.

The property is being offered at a fantastic discount to ensure a quick auction sale, providing a rare investment opportunity for the right buyer.

Situated near a whole host of local amenities and facilities, the property's location is ideal for attracting a steady customer base or future tenants.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**5, Gibson Place, Montrose, DD10 8HQ sold for £145,000 | 51a, Bridge Street, Montrose, DD10 8AE sold for £117,000**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now 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 is a charming coastal town in Scotland known for its picturesque landscapes and vibrant community spirit. With a variety of local shops, cafes, and cultural attractions, it offers a welcoming environment for both residents and businesses. Its rich history and beautiful surroundings make it a desirable location for investment opportunities.

Map

Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

Virtual Tour

How to buy at auction

We've created a handy video explaining the auction process, what to expect and how to prepare. You can watch it by clicking the link below.

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.