No longer on the market
This property is no longer on the market
Map3 bedroom flat
Auction
Flat
3 beds
Key information
Features and description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 11 July 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
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.
Auction Details
11 July 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
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.
Auction Details
11 July 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.