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Description

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

Mid-Terraced retail unit***INCOME PRODUCING INVESTMENT*** Let to Screwfix lease expiring 2044 producing £45,000 per annum SUPERSIZED PROPERTY 423 sq m (4,553 sq ft) located in prominent position.

Mid-terraced retail unit arranged over the ground floor. Benefits from a prominent frontage facing onto a shared car park. Centrally located just off High Street, Montrose's main commercial street.

***BLUE CHIP INVESTMENT OPPORTUNITY*** Entirely let to Screwfix Direct Ltd New lease expiring 2044 Producing £45,000 per annum

Aberdeen is located 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east. The A90 is close-by and the town is served by a mainline Abellio ScotRail train station.

Modern retail investment with great parking and excellent central location. Occupiers close by include Argos, Domino's, Specsavers, Boots, WH Smith and a variety of local retailers.

Mid-Terraced retail unit***INCOME PRODUCING INVESTENT*** Let to Screwfix lease expiring 2044 producing £45,000 per annum SUPERSIZED PROPERTY 423 sq m (4,553 sq ft) located in prominent position. Mid-terraced retail unit arranged over the ground floor. Benefits from a prominent frontage facing onto a shared car park. Centrally located just off High Street, Montrose's main commercial street. ***BLUE CHIP INVESTMENT OPPORTUNITY*** Entirely let to Screwfix Direct Ltd New lease expiring 2044 Producing £45,000 per annum Aberdeen is located 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east. The A90 is close-by and the town is served by a mainline Abellio ScotRail train station. Modern retail investment with great parking and excellent central location. Occupiers close by include Argos, Domino's, Specsavers, Boots, WH Smith and a variety of local retailers.

New Wynd is centrally located, just off High Street, Montrose's main commercial street. The town contains all major amenities, including large supermarkets as well as traditional award winning butchers, fishmongers and bakeries. It also contains two links golf courses, a local sailing club, rugby club, football team, tennis courts as well as a recently constructed gym and swimming pool. A 10 minute walk from the property will take you onto the 3 miles of continuous golden sand that is Montrose beach as well as beautiful walks around the Montrose Basin – a bird spotters paradise. The local area has numerous forest walks and a short drive will take you into the spectacular glens and mountains of the cairngorms.

Full Address: Unit 2, 1 New Wynd, Montrose, Angus, DD10 8AD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 20 years
Rent: £45,000 per year / £3,750 per month
Yield: 10% (approx)
Tenant: Company
Notes: Screwfix

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Pricing Information & Bidding

Opening Bid: £435,000

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).

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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 £2,750 for on time settlement

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

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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