Block of apartments for sale

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Block of apartments for sale

, B, C & D High Street, Montrose, Angus
£240,000

Our Summary

  • Four flats in same block New to auction is this fantastic opportunity to purchase a portfolio of four x two bedroom apartments in the same block, centrally located in the Angus town of Montrose, approximately half way between Aberdeen to the north and Dundee to the south west
  • The competitive Guide Price offers a massive 36% discount against cumulative Home Report valuations, and LHA rental figures offer a potential rental yield of 10% at Guide Price, with even greater returns potentially available in the currently strong rental market

Description

Four two-bedroom apartments are being auctioned off in the same block in the Angus town of Montrose. Each apartment has been refurbished to a high standard and offers potential for either long-term rental or serviced accommodation investment. The Guide Price represents a 36% discount against the cumulative Home Report valuation, and the LHA rental figures suggest a potential rental yield of 10%. Montrose is a coastal town with a rich cultural heritage and amenities, including a museum, art gallery, golf course, and cinema. The town is well-connected by transport links and has a harbour serving the fishing and offshore industries. Potential buyers are advised that no tests have been made of the services, equipment, or fittings, and no warranty is given or implied regarding the condition of the buildings or amenities.
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