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Description
**EXCEPTIONAL HIGH-YIELDING INVESTMENT OPPORTUNITY** comprising two self-contained let apartments (4a & 4b Erskine Place, Montrose) to be sold together as a single portfolio Rental income £10,800pa.
COMPRISES of a 3 bedroom appartment with rent at £500pcm and 2 bed appartment at £400pcm. Both properties are being sold with sitting tenants in place, providing an immediate, uninterrupted revenue.
Exceptional Yield: A remarkable 19% gross yield based on the guide price, significantly outperforming regional averages. Suit a shrewd investor.
This portfolio is an ideal acquisition for seasoned investors seeking immediate cash flow or landlords looking to expand their Angus portfolio with a high-performing asset.
Capital Growth Potential: Acquired at an attractive entry point, offering long-term capital appreciation potential in a steady, popular rental market.
An **EXCEPTIONAL HIGH-YIELDING** residential investment opportunity comprising two self-contained let apartments (4a and 4b Erskine Place, Montrose) to be sold together as a single portfolio. £10,800pa. COMPRISES of a 3 bedroom appartment with rent at £500pcm and 2 bed appartment at £400pcm. Both properties are being sold with sitting tenants in place, providing an immediate, uninterrupted revenue. Exceptional Yield: A remarkable 19% gross yield based on the guide price, significantly outperforming regional averages. Suit a shrewd investor. Capital Growth Potential: Acquired at an attractive entry point, offering long-term capital appreciation potential in a steady, popular rental market. Positioned in a quiet, highly accessible pocket of the historic coastal town of Montrose, this portfolio is an ideal acquisition for seasoned investors seeking immediate cash flow or landlords looking to expand their Angus portfolio with a high-performing asset. . Tucked just a short distance from the bustling town centre, this location sits in a highly convenient pocket of Montrose, offering easy access to both local amenities and the area's natural highlights.
Tenancy Details
Type of Agreement: Private Residential Tenancy (PRT)Length: Rolling
Rent: £10,800 per year / £900 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteMontrose benifits from a superb beach and Coast The expansive Montrose Beach is roughly a 15-minute walk (around 0.5 miles) eastward, making it perfect for quick coastal strolls. Easy Town Centre Access: The properties sit just a few minutes' walk from Montrose High Street, giving you rapid access to local independent cafes, shops, and supermarkets. Unique Nature & Heritage: The Montrose Basin, a renowned tidal lagoon and wildlife reserve, and the Montrose Museum are both within a 15-minute walking radius. Excellent Transport Links: The location is well-served by local transit, connecting you efficiently to the wider Angus region and Dundee.
Document Downloads
Pricing Information & Bidding
Opening Bid: £58,000
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.
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - Portfolio4a and 4b, Erksine Place, Montrose