Flat for sale in 70, High Street, Portfolio Of 3 Flats, Flat B, C And D, Montrose, Angus DD108Jf DD10

** sale by auction - 11 July 2024 - Timed Online Auction **

fantastic investment opportunity. Portfolio of 3 residential properties in excellent location in High Street, Montrose with combined rental income of £1,070pcm (£12,840 per annum). Freehold property. Fantastic investment opportunity. Portfolio of 3 residential properties in excellent location in High Street, Montrose with combined rental income of £1,070pcm (£12,840 per annum). Freehold property. Property consists:- The opportunity comprises three flats, all being one bedroom, and all in the same block over the second, third, and attic floors. Flats B (2nd floor) and C (3rd floor) are broadly similar with accommodation comprising a front-facing lounge with kitchen off, bedroom to the rear (each with fitted wardrobe storage), and shower room. Flat D (attic floor) offers a large open-plan lounge/kitchen, bedroom, and shower room. Local Sales Evidence:- 74, High Street, Montrose, sold for £135,000 Nov 2023; 56a, High Street, Montrose sold for £117,000 Mar 2024; 80, High Street, Montrose sold for £324,000 Sep 2021. Settled tenants. Property Info: Block of 3 flats portfolio Flat B: Approx.40m² Rent is £350 Flat C: Approx.40m² Rent is £385 Flat D: Approx.35m² Rent is £335 The properties benefit from a prime location, which is expected to continue to see strong demand in the coming years due to investment in the port and the Seagreen wind farm. Large tenant pool --- Some of the larger local employers include, Halliburton, ge, Glaxo, Montrose Port Authority and most recently, Seagreen Offshore Wind Farm, the largest wind farm in Scotland.

The properties are located in the High Street in Montrose town centre. Surrounding properties are of a residential and commercial nature and all amenities can be found close by. The apartments are located in the vibrant and well-connected seaside town of Montrose, with easy access to a wide range of amenities, including shops, restaurants, bars, cinema and Angus Alive with its gym and pool. The nearest large supermarket is but a 10-minute walk away. There are other numerous cultural attractions and the Angus Glen’s and Cairngorms National Park are nearby. The properties are also well-served by public transport, with several bus stops on the high street and the train station a 10-minute walk away. These transport links provide easy access to the nearby towns of Arbroath and Brechin and then further afield to Aberdeen in the north and Dundee in the south. The A90, which is the major road link to the north and south, can be easily accessed just outside Brechin, approximately 10 miles away. Local schools include St Margaret's Primary, Lochside Primary, Southesk Primary, Borrowfield Primary and Montrose Academy. For further education there is Arbroath College, Dundee University and Aberdeen University.

Auction Details
11 July 2024,10am-3pm
Timed Online Auction

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