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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
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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.
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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
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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