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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 rare opportunity for investors to capitalize on its excellent location and strong demand. With planning permission approved for a change of use to a two-bedroom flat, the property offers flexibility and potential for a strong gross return of 10.9% to 14.1% if acquired at the guide price. The property's shop floor and changing room make it suitable for retail activities or residential renovation, and its location in the heart of Montrose ensures significant foot traffic and a steady stream of potential customers or tenants. With recent sales evidence in the area, including a similar property selling for £84,000 in 2022, this property is being offered at a fantastic discount to ensure a sale. The property will feature in an upcoming timed online auction, and interested buyers can participate by creating a bidding account.