This prime new listing is a vacant 1-bedroom flat located in a desirable area of Montrose, Angus, Scotland. The property requires light renovation and presents a rare opportunity for savvy investors and developers to secure a robust gross return of 15% to 18%. The flat is situated near local amenities, schools, and public transport, making it an attractive proposition. With impressive rental yields of £500 to £600 per month, this property could yield a significant income. The property is being offered at a fantastic discount to ensure a sale, and there is excellent sales evidence in the area, with similar properties selling for £76,000 and £77,500 in the past. The property will feature in an upcoming timed online auction, and interested parties can participate by creating a bidding account.