PRIME NEW LISTING. We are excited to present this vacant commercial premises located within a prime location in Montrose.
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.
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.
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.
Accommodation
The property comprises a welcoming shop floor and a convenient changing room, perfect for retail activities or transformative residential renovation.
Terms
Guide Price - £55,000
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.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.