34, High Street, Flat 2 and 3, Montrose, DD108JL
- PROPERTY TYPE
Flat
- BEDROOMS
2
- SIZE
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Key features
- Portfolio of two residential flats within the centre of Montrose near to the beach Offered with tenants in place. PERFECT FOR RENTAL or OWNER OCCUPIER. New to Market. Managed by Letting Agent.
- FLAT 2 - Hallway, Lounge with Kitchen Off. ATTIC FLOOR - Landing, Two Bedrooms, Shower Room. FLAT 3 - Entrance Hall, Lounge with Open Plan Kitchen, Bedroom. ATTIC FLOOR Landing, Bedroom, Shower room.
- Purchased Together: £100,000 Current Gross Yield: 9.90% Gross Yield as of May 2024: 10.14% Gross Yield Market value: 13.92% Combined Allied surveyors RICS survey valuations £140,000. Freehold Sale.
- The properties benefit from a prime location, which is expected to continue to see strong demand in the coming years due to investment in the port and the Seagreen wind farm.
- Large tenant pool --- Some of the larger local employers include, Halliburton, GE, Glaxo, Montrose Port Authority and most recently, Seagreen Offshore Wind Farm, the largest wind farm in Scotland.
Description
** SALE BY AUCTION - 09 May 2024 - Deadline for Offers **
Excellent Investment Opportunity to acquire two spacious and well-appointed apartments within Montrose town centre. Flat 2 - Allied Surveyors Scotland Plc RICS Home Report valuation £68,000 (SIXTY-EIGHT THOUSAND POUNDS STERLING). EPC - Band F. Purpose-built self-contained second floor and attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. FLAT 3 - Allied Surveyors Scotland Plc RICS Home Report valuation £72,000 (SEVENTY-TWO THOUSAND POUNDS STERLING). EPC - Band E. Purpose-built self-contained second floor plus attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. The apartment comprise two of three flats within a traditional 19th century three story town building and both consist of 2nd and attic floor. it boast high-quality finishes and ample natural light. Both properties are currently tenanted since 2017. Rent increases were issued May (2023) in line with the Scottish Governments regulation 3% and can be increased again as of May 2024. The properties are located on the west side of High Street in Montrose town centre. Surrounding properties are of a residential and commercial nature and all amenities can be found close by.
The apartments are located in the vibrant and well-connected seaside town of Montrose, with easy access to a wide range of amenities, including shops, restaurants, bars, cinema and Angus Alive with its gym and pool. The nearest large supermarket is but a 10-minute walk away. There are other numerous cultural attractions and the Angus Glenâ??s and Cairngorms National Park are nearby. The properties are also well-served by public transport, with several bus stops on the high street and the train station a 10-minute walk away. These transport links provide easy access to the nearby towns of Arbroath and Brechin and then further afield to Aberdeen in the north and Dundee in the south. The A90, which is the major road link to the north and south, can be easily accessed just outside Brechin, approximately 10 miles away. Local schools include St Margaret's Primary, Lochside Primary, Southesk Primary, Borrowfield Primary and Montrose Academy. For further education there is Arbroath College, Dundee University and Aberdeen University.
Auction Details
09 May 2024, 3pm
Deadline for Offers
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34, High Street, Flat 2 and 3, Montrose, DD108JL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Montrose Station0.1 miles
About the agent
Future Property Auctions, Glasgow
241 Kilmarnock Road Glasgow G41 3JF
We are one of Scotland's LARGEST dedicated residential and commercial Property Auctioneer with a growing UK wide presence. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender.
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