Auction House / Scotland
  • For Sale By Unconditional Online Auction
  • Guide Price* : £80,000
  • Auction Ended 08/08/2023
  • Lot 7

Flat B, C & D 70 High Street, Montrose, Angus, DD10 8JF

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Location

The town of Montrose sits on the Angus coast, approximately 30 miles north east of Dundee, and 40 miles south of Aberdeen. The local area attracts many thriving business sectors including a busy commercial port for agriculture, oil and gas industries, GlaxoSmithKline is a major employer in the area, with further expansion driven by the recently commissioned Seagreen Offshore Wind Farm Project. Facilities in the town include a mainline railway station, hospital, medical centre and supermarkets. Over the years Montrose has become popular with commuters to Aberdeen with access via the A90 or A92. For those seeking leisure pursuits, Montrose is well placed for several golf courses including two in the town. There is a sailing club at Montrose basin where there is also a wildlife centre. There are two leisure centres in the town and an indoor swimming pool. Lovely beaches and walks can be found at Lunan and St. Cyrus and the Angus Glens are approximately 20 miles distant.

Description

This fantastic tenanted investment portfolio enjoys convenient central location in the popular Angus town of Montrose. The opportunity comprises three flats, all being one bedroom, and all in the same block over the second, third and attic floors. Flats B (2nd floor) and C (3rd floor) are broadly similar with accommodation comprising front facing lounge with kitchen off, bedroom to the rear (each with fitted wardrobe storage) and shower room. Flat D (attic floor) offers a large open plan lounge/kitchen, bedroom and shower room. All are in good overall condition, with the existing tenants producing a cumulative annual rental of income of £11,580, which equates to an immediate and outstanding rental yield in excess of 14% available to the new owner. The immediate rental income offers an outstanding addition to an existing portfolio, but could equally be a perfect opportunity to start your buy to let investment journey.

Council Tax Band

A

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

3.6% including VAT subject to a minimum fee of £3,600.00 including VAT payable on the fall of the Virtual Gavel.

Disbursements

Please see Legal Pack for any Disbursements.

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* Guide | £80,000
  • 1 Bedroom
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.