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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 prime commercial property in Montrose is an outstanding opportunity for investors or those looking to transform the space into a residential flat. With planning approval in place, the property can be converted into a two-bedroom flat with five new windows, adding significant value to the property. The location is highly sought after, with strong demand for rentals commanding £500-£650 per month. The property's flexibility and potential for a strong gross return of 10.9-14.1% make it an attractive investment. Situated in a bustling area with significant foot traffic, the property is perfect for commercial or residential use. The area's vibrant atmosphere ensures a steady stream of potential customers or tenants, making it an excellent spot for investment. With recent sales evidence in the area, this property is being offered at a fantastic discount to ensure a sale, and is open to immediate offers.