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Castle Street, Montrose DD10 Mixed use for sale
Castle Street, Montrose DD10
£45,000
Castle Street, Montrose DD10
£45,000
Our Summary
- 14, Ramsay Street, Montrose DD10 8BS sold for £83,000 in October 2022* 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
- The area's vibrant atmosphere ensures a steady stream of potential customers or tenants
- 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
- 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
- Planning Reference: 24/00403/DO
Description
This prime commercial property in Montrose is a vacant shop unit with approved planning permission to change its use to a two-bedroom flat, offering flexibility for investors. The property benefits from significant foot traffic in a bustling area of Montrose, making it an attractive spot for commercial investment. With rentals commanding £500-£650 per month, this property has the potential to yield a strong gross return of 10.9-14.1% if acquired at the guide price. The area has seen recent sales evidence, with similar properties selling for £84,000 and £83,000 in 2022. The property is being offered at a fantastic discount to ensure a sale, making it an excellent opportunity for anyone looking for a straightforward purchase with excellent upside potential.