Unit 1, New Wynd, Let Argos Investment, Montrose, DD108AD

** SALE BY AUCTION - 09 July 2026 - Timed Online Auction **

ENHANCED TERMS OFFERED ON THIS LOT...
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 2% of Sale Price (Min £3250 ?)

The property is situated on the south side of New Wynd, between its junction with Baltic Street and Market Street within the town centre of Montrose. Montrose has a population of circa 12,000 and is an important commercial centre. Its well-developed port acts as a support centre for the North Sea oil industry and is a bulk container shipping base. Montrose is well located with Aberdeen 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east.The A90 is located close-by and the town is served by a mainline railway station. Adjacent to Montrose Basin, an internationally important wildlife reserve, the town is also close to several well regarded golf courses and provides a good selection of services and amenities to the surrounding area. Neighbouring occupiers include Energie Fitness, Dominoâ??s Pizza, Nemetona, Boots and Scotmid. The property comprises a substantial single storey retail unit of modern construction surmounted by a pitched roof overlaid in concrete tile. The property benefits from a prominent frontage facing onto a shared car park within the town centre of Montrose. The property offers multiple display windows offering return frontage and access gained via dual double doors of aluminium framed and glazed construction. Internally, the property is fitted out in accordance with the tenants corporate specifications, floors have been overlaid in laminated timber in the customer area, the property offers a larger open plan sales area at ground floor with L.E.D and halogen spot lighting. Partitions have been erected to the rear to form store room, w.c and access to a rear loading area. The loading area is shared with the neighbouring occupiers, and is accessed via Baltic Street. NAV/RV: £90,600 The property has been calculated to extend to the following internal area; Ground: 1,170sqm (12,593sq ft)

The property is held on a full repairing and insuring head lease to Argos on a new 5 year lease extension with no breaks at a passing rent of £90,000p.a.x. Argos is a major British general merchandise retailer founded in 1973 by Richard Tompkins. It pioneered the catalogue-store model (customers browse a catalogue or website and collect items in-store or via delivery). Today it focuses heavily on online sales, click-and-collect, and concessions inside Sainsburyâ??s supermarkets. It sells electronics, home goods, furniture, toys, clothing, and more. Sainsburyâ??s (J Sainsbury plc) has owned Argos since its £1.4 billion acquisition of the former parent, Home Retail Group, in September 2016. Argos now operates as a subsidiary/division within the Sainsburyâ??s group, with many â??Argos in Sainsburyâ??sâ?� collection points and concessions. Latest reported annual turnover : £4.13 billion for the 12 months to 1 March 2025 (down from £4.22 billion the previous year). Argos employed approximately 9,800 people in the latest financial year (to March 2025) As of late 2025, Argos has roughly 664 UK stores (211 standalone, the rest integrated into Sainsburyâ??s)

Auction Details
09 July 2026, 10am-3pm
Timed Online Auction

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