6 Castle Street, Montrose, DD10 8AG

Description

• PRIME NEW LISTING. We are excited to present this vacant commercial premises located within a prime location in Montrose.

• **4, 97 Review Court, High Street, Montrose DD10 8QR sold for £84,000 in 2022. 14, Ramsay Street, Montrose DD10 8BS sold for £83,000 in October 2022**

• An outstanding opportunity with planning approved for the change of use of the shop unit to form a two-bedroom flat, along with alterations to insert five new windows. Planning Reference:24/00403/DOM. This flexibility adds tremendous value for those looking to invest.

• For rental purposes, this property is situated in an area where demand is strong, with rentals commanding approximately £500 to £600 per calendar month (£6,000 to £7,200 per annum). This remarkable investment could yield a strong gross return of 10.9% to 13% if acquired at guide price.

• Located in a bustling area of Montrose, this property benefits from significant foot traffic, making it a prime spot for commercial investment. The area's vibrant atmosphere ensures a steady stream of potential customers or tenants.

PRIME NEW LISTING. We are excited to present this vacant commercial premises located within a prime location in Montrose.

The property comprises a welcoming shop floor and a convenient changing room, perfect for retail activities or transformative residential renovation.

An outstanding opportunity with planning approved for the change of use of the shop unit to form a two-bedroom flat, along with alterations to insert five new windows. Planning Reference:24/00403/DOM. This flexibility adds tremendous value for those looking to invest.

For rental purposes, this property is situated in an area where demand is strong, with rentals commanding approximately £500 to £600 per calendar month (£6,000 to £7,200 per annum). This remarkable investment could yield a strong gross return of 10.9% to 13% if acquired at guide price.

Located in a bustling area of Montrose, this property benefits from significant foot traffic, making it a prime spot for commercial investment. The area's vibrant atmosphere ensures a steady stream of potential customers or tenants.

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:

**4, 97 Review Court, High Street, Montrose DD10 8QR sold for £84,000 in 2022. 14, Ramsay Street, Montrose DD10 8BS sold for £83,000 in October 2022**

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 rich history and beautiful landscapes. With a bustling local economy and vibrant community, Montrose offers an attractive setting for both residents and businesses alike. Its close proximity to key transport links further enhances its appeal as an investment location.

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.