Southesk Inn, 36-37 Wharf Street, DD10 8BD
- PROPERTY TYPE
Mixed Use
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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Key features
- PRIME NEW LISTING. We are excited to present this mixed-use flats and pub property located within a prime location in Montrose.
- Sales Evidence: **Flat 4, 8 Wharf Street sold for £70,000. 29C Wharf Street sold for £106,500.**
- The top floor flat is on a short-term lease with the potential to include the second-floor flat, subject to obtaining the necessary permissions, offering a great expansion opportunity for investors.
- The short term lease has generated a remarkable £23,000 in revenue from January to June this year and the bar generating roughly £4000 revenue per week.
- This is a rare opportunity sure to appeal to shrewd investors looking for a mixed-use, high-yielding investment.
Description
- PRIME NEW LISTING. We are excited to present this mixed-use flats and pub property located within a prime location in Montrose.
- Sales Evidence: **Flat 4, 8 Wharf Street sold for £70,000. 29C Wharf Street sold for £106,500.**
- The top floor flat is on a short-term lease with the potential to include the second-floor flat, subject to obtaining the necessary permissions, offering a great expansion opportunity for investors.
- The short term lease has generated a remarkable £23,000 in revenue from January to June this year and the bar generating roughly £4000 revenue per week
- This is a rare opportunity sure to appeal to shrewd investors looking for a mixed-use, high-yielding investment.
PRIME NEW LISTING. We are excited to present this mixed-use flats and pub property located within a prime location in Montrose.
The property comprises six spacious bedrooms across three floors and features a lively pub on the ground floor.
The top floor flat is on a short-term lease with the potential to include the second-floor flat, subject to obtaining the necessary permissions, offering a great expansion opportunity for investors.
The short term lease has generated a remarkable £23,000 in revenue from January to June this year and the bar generating roughly £4000 revenue per month
This is a rare opportunity sure to appeal to shrewd investors looking for a mixed-use, high-yielding investment.
The property is being offered at a fantastic discount to ensure a sale, appealing to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area:
**Flat 4, 8 Wharf Street sold for £70,000. 29C Wharf Street sold for £106,500.**
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 picturesque coastal town renowned for its historic architecture and vibrant community. With a bustling harbour and scenic beaches, it offers the perfect blend of tranquillity and connectivity, making it an attractive location for residents and investors alike.
Southesk Inn, 36-37 Wharf Street, DD10 8BD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Montrose Station0.4 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 227601904. 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.”