Property photos
Auction
Guide price
£95,000
2 bed flat for sale
34, High Street, Flat 2 And 3, Montrose DD108Jl DD102 beds
Local area information
Property location
Nearby amenities
- Montrose 0.1 miles
- St Margaret's RC School 0.2 miles
- Montrose Academy 0.3 miles
- Laurencekirk 8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Portfolio of two residential flats within the centre of Montrose near to the beach Offered with tenants in place. Perfect for rental or owner occupier. New to Market. Managed by Letting Agent.
- Flat 2 - Hallway, Lounge with Kitchen Off. Attic floor - Landing, Two Bedrooms, Shower Room. Flat 3 - Entrance Hall, Lounge with Open Plan Kitchen, Bedroom. Attic floor Landing, Bedroom, Shower room.
- Purchased Together: £100,000 Current Gross Yield: 9.90% Gross Yield as of May 2024: 10.14% Gross Yield Market value: 13.92% Combined Allied surveyors RICS survey valuations £140,000. Freehold Sale.
- The properties benefit from a prime location, which is expected to continue to see strong demand in the coming years due to investment in the port and the Seagreen wind farm.
- Large tenant pool --- Some of the larger local employers include, Halliburton, ge, Glaxo, Montrose Port Authority and most recently, Seagreen Offshore Wind Farm, the largest wind farm in Scotland.
** sale by auction - 04 July 2024 - Deadline for Offers **
Excellent Investment Opportunity to acquire two spacious and well-appointed apartments within Montrose town centre. Flat 2 - Allied Surveyors Scotland Plc RICS Home Report valuation £68,000 (sixty-eight thousand pounds sterling). EPC - Band F. Purpose-built self-contained second floor and attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. Flat 3 - Allied Surveyors Scotland Plc RICS Home Report valuation £72,000 (seventy-two thousand pounds sterling). EPC - Band E. Purpose-built self-contained second floor plus attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. The apartment comprise two of three flats within a traditional 19th century three story town building and both consist of 2nd and attic floor. It boast high-quality finishes and ample natural light. Both properties are currently tenanted since 2017. Rent increases were issued May (2023) in line with the Scottish Governments regulation 3% and can be increased again as of May 2024. The properties are located on the west side of High Street in Montrose town centre. Surrounding properties are of a residential and commercial nature and all amenities can be found close by.
The apartments are located in the vibrant and well-connected seaside town of Montrose, with easy access to a wide range of amenities, including shops, restaurants, bars, cinema and Angus Alive with its gym and pool. The nearest large supermarket is but a 10-minute walk away. There are other numerous cultural attractions and the Angus Glen’s and Cairngorms National Park are nearby. The properties are also well-served by public transport, with several bus stops on the high street and the train station a 10-minute walk away. These transport links provide easy access to the nearby towns of Arbroath and Brechin and then further afield to Aberdeen in the north and Dundee in the south. The A90, which is the major road link to the north and south, can be easily accessed just outside Brechin, approximately 10 miles away. Local schools include St Margaret's Primary, Lochside Primary, Southesk Primary, Borrowfield Primary and Montrose Academy. For further education there is Arbroath College, Dundee University and Aberdeen University.
Auction Details
04 July 2024,3pm
Deadline for Offers
How to Bid Now
Submit an enquiry now or visit our website for full details on how to bid on this property.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a free Auction Valuation.
Excellent Investment Opportunity to acquire two spacious and well-appointed apartments within Montrose town centre. Flat 2 - Allied Surveyors Scotland Plc RICS Home Report valuation £68,000 (sixty-eight thousand pounds sterling). EPC - Band F. Purpose-built self-contained second floor and attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. Flat 3 - Allied Surveyors Scotland Plc RICS Home Report valuation £72,000 (seventy-two thousand pounds sterling). EPC - Band E. Purpose-built self-contained second floor plus attic maisonette flat within a traditional 3 storey plus attic mid terraced mixed use town centre building. The apartment comprise two of three flats within a traditional 19th century three story town building and both consist of 2nd and attic floor. It boast high-quality finishes and ample natural light. Both properties are currently tenanted since 2017. Rent increases were issued May (2023) in line with the Scottish Governments regulation 3% and can be increased again as of May 2024. The properties are located on the west side of High Street in Montrose town centre. Surrounding properties are of a residential and commercial nature and all amenities can be found close by.
The apartments are located in the vibrant and well-connected seaside town of Montrose, with easy access to a wide range of amenities, including shops, restaurants, bars, cinema and Angus Alive with its gym and pool. The nearest large supermarket is but a 10-minute walk away. There are other numerous cultural attractions and the Angus Glen’s and Cairngorms National Park are nearby. The properties are also well-served by public transport, with several bus stops on the high street and the train station a 10-minute walk away. These transport links provide easy access to the nearby towns of Arbroath and Brechin and then further afield to Aberdeen in the north and Dundee in the south. The A90, which is the major road link to the north and south, can be easily accessed just outside Brechin, approximately 10 miles away. Local schools include St Margaret's Primary, Lochside Primary, Southesk Primary, Borrowfield Primary and Montrose Academy. For further education there is Arbroath College, Dundee University and Aberdeen University.
Auction Details
04 July 2024,3pm
Deadline for Offers
How to Bid Now
Submit an enquiry now or visit our website for full details on how to bid on this property.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Get a Fast Sale and a Fair Price with Future Property Auctions. Contact Us now for a free Auction Valuation.
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