>
Castle Street, Montrose DD10 Mixed use for sale
Castle Street, Montrose DD10
£55,000
Castle Street, Montrose DD10
£55,000
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 vacant commercial property in Montrose, Scotland, offers a rare opportunity for investment or redevelopment. With planning permission approved for a change of use to a two-bedroom flat, this property presents a unique flexibility that adds significant value. The shop unit has a welcoming floor space and a convenient changing room, making it suitable for retail or residential purposes. Located in a bustling area with strong demand and rental yields of £500-£650 per month, this property could generate a gross return of 10.9% to 14.1% if acquired at the guide price. The property benefits from significant foot traffic and a vibrant atmosphere, making it an attractive spot for commercial investment. With two recent sales in the area, £84,000 and £83,000, this 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.