Tenanted Commercial LOT 201

51 High Street, Montrose, DD10 8LR
BIDDING OPENS in...
Map   Street View   Satellite

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

PRIME HIGH STREET INVESTMENT*** Let for £8,500p.a increasing to £10,000p.a in 2026. 800 SQ FT Ground floor commercial unit located in BUSY Montrose TOWN CENTRE*** Lease Expiry: 16th November 2028.

PROMINENT FRONTAGE with DUAL DISPLAY WINDOWS onto busy High Street. Ground floor retail unit - May be suitable for multiple uses. Unit extends to approx. 800 sq ft.

HIGH VOLUMES OF PASSING TRADE*** Nearby occupiers include Greggs, Superdrug, Ladbrokes, Farmfoods, WH Smith, Specsavers, Scotmid and Boots.

Located close to the junction of High Street and New Wynd in a busy retail location in Montrose town centre’s. EXCELLENT TRADING LOCATION***

Montrose is on the east coast of Scotland, approx 30 miles north-east of Dundee & 38 miles from Aberdeen. Montrose has a main East Coast line railway station & is well served by the main road network.

PREVIOUSLY LET AT £24,000 PER ANNUM. Ground floor retail unit - May be suitable for multiple uses. Unit extends to approx. 800sq ft in PRIME TOWN CENTRE. The property comprises the ground floor of a larger mixed use development surmounted by a pitched roof. The property offers a prominent frontage with dual display windows flanking the centrally located entrance doors. Internally the property is presented in an open plan layout with concrete floors and lighting recessed within the suspended ceiling. Partitions have Beene texted to the rear to form staff tea prep, w.c facilities. HIGH VOLUMES OF PASSING TRADE*** Nearby occupiers include Greggs, Superdrug, Ladbrokes, Farmfoods, WH Smith, Specsavers, Scotmid and Boots. Located close to the junction of High Street and New Wynd in a busy retail location in Montrose town centre’s. EXCELLENT TRADING LOCATION*** Montrose is on the east coast of Scotland, approx 30 miles north-east of Dundee & 38 miles from Aberdeen. Montrose has a main East Coast line railway station & is well served by the main road network.

The town is located on the east coast of Scotland, approximately 30 miles north-east of Dundee and 38 miles south-west of Aberdeen. Montrose has a main East Coast line railway station and is well served by the main road network.

Full Address: 51 High Street, Montrose, DD10 8LR

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £8,500 per year / £708 per month
Yield: 13% (approx)
Tenant: Company
Notes: Tenant: Town-Angels Ltd Expiry: 16th November 2028 Tenant Break: 17th November 2026 Rent: £8,500p.a increasing to £10,000p.a in 2026 Deposit: £2,000 deposit The tenant currently operates a vibrant retailing space in Brechin under the same brand along with strong online presence with this being a further expansion to satisfy customer demand.

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £68,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Buy Now Price = £85,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £85,000 - CLICK HERE

Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 86
£347,000 OPENING BID
  • Prominent High Street commercial units with a combined RENTAL INCOME OF £41,192 PER ANNUM...
Lot 38
£351,000 OPENING BID
  • PRIME INVESTMENT OPPORTUNITY to purchase a thriving, well maintained hotel, bar and resta...