For Sale By Auction | 14:00, 05 April 2019

Flat 4, 2, Commerce Street, Montrose, Angus, DD10 8BN

*Guide | £45,000+ (plus fees)

  • Flat
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 05/04/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Two bedroom first floor flat

This two bedroom flat enjoys preferred first floor position in a traditional building close to Montrose town centre. The well-presented and spacious accommodation comprises lounge, modern fitted kitchen, two bedrooms (master en-suite) and family bathroom. The property further benefits from gas central heating, double glazing and courtyard/drying area. With an attractive rental yield potential of 12% and 35% discount against Home Report this property is sure to attract buy to let investors and owner occupiers alike.

Tenure

Freehold

Convenient town centre location

Preferred first floor position

Well presented throughout

Excellent discount of 35% to Home Report value

Potential rental value £450pcm at LHA rate / £5,400pa

Area

Montrose is an attractive town approximately mid-way between Dundee and Aberdeen on the north east coast. Facilities in the town include a mainline railway station, hospital, medical centre and supermarkets. There are junior and senior schools approximately half a mile from the property. Over the years Montrose has become popular with commuters to Aberdeen with access via the A90 or A92. For those seeking leisure pursuits, Montrose is well placed for several golf courses including two in the town. There is a sailing club at Montrose basin where there is also a wildlife centre. There are two leisure centres in the town and an indoor swimming pool. Lovely beaches and walks can be found at Lunan and St. Cyrus and the Angus Glens are approximately 20 miles distant.

Comparables

6 Seagate: Sold £72,000 09/18 40a Ferry Street: Sold £64,000 06/18 24 Wharf Street: Sold £80,000 07/17

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Angus Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.