40 Union Street, Montrose, DD10 8PY

Description

• PRIME NEW LISTING. We are excited to present this vacant 1-bedroom flat located within a prime location in Montrose.

• **Flat 1/2, 18, India Street, Montrose, DD10 8PG SOLD FOR £76,000, 24-26, Union Street, Montrose, DD10 8PY SOLD FOR £77,500 IN AUG 2018**

• For rental purposes, properties in this desirable area are commanding impressive rentals of approximately £500 to £600 per calendar month (£6,000 to £7,200 per annum). This incredible opportunity could yield a robust gross return of 15% to 18% if secured at the guide price, making it an attractive proposition for savvy investors.

• The property requires light renovation, presenting a sure appeal to shrewd builders, investors, and developers seeking a rare project with remarkable capital growth potential.

• Positioned near a plethora of local amenities, including delightful restaurants and coffee shops, it's ideally located close to schools with accessible public transport nearby.

PRIME NEW LISTING. We are excited to present this vacant 1-bedroom flat located within a prime location in Montrose.

The property comprises a welcoming living room/kitchen space, a spacious bedroom, a modern toilet and shower, with ample storage throughout.

For rental purposes, properties in this desirable area are commanding impressive rentals of approximately £500 to £600 per calendar month (£6,000 to £7,200 per annum). This incredible opportunity could yield a robust gross return of 15% to 18% if secured at the guide price, making it an attractive proposition for savvy investors.

The property requires light renovation, presenting a sure appeal to shrewd builders, investors, and developers seeking a rare project with remarkable capital growth potential.

Positioned near a plethora of local amenities, including delightful restaurants and coffee shops, it's ideally located close to schools with accessible public transport nearby.

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

Excellent sales evidence in the area:

**Flat 1/2, 18, India Street, Montrose, DD10 8PG SOLD FOR £76,000, 24-26, Union Street, Montrose, DD10 8PY SOLD FOR £77,500 IN AUG 2018**

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 located in Angus, Scotland. Known for its scenic beauty, it boasts sandy beaches, historic sites, and a welcoming community feel. With excellent transport links and a variety of local amenities, Montrose is an attractive place to live and invest.

Map

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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.