6 Castle Street, Montrose, DD10 8AG
- PROPERTY TYPE
Mixed Use
- BEDROOMS
1
- SIZE
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Key features
- 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/DO
- 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 remarkab
- 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 o
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.
6 Castle Street, Montrose, DD10 8AG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Montrose Station0.3 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 221433788. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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