Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address:  Johnston House Office Investment, Forties Road, Montrose, DD10 9ET

INVESTMENT OPPORTUNITY, FULLY REFURBISHED OFFICE COMPLEX over 2 floors in Forties Road Montrose. Previously approved planning for a change of use to Gym / Cafeteria (lapsed). VAT FREE SALE.

PROPERTY CONSISTS: FULLY REFURBISHED G. Floor:- Reception, 2 x Storeroom, Workshop, Store Workshop, Office, IVS, W.C.. 1st Floor:- 5 x office rooms, W.C. female W.C., Store, IVS. 5000 Square metres.

06/00647/FUL Previously APPROVED PLANNING which has lapsed for a Change of Use from Offices to Health Club and Cafeteria. May be suitable for change of use subject to obtaining necessary planning

***EXCELLENT INVESTMENT OPPORTUNITY*** Property could achieve up to £22000 PER ANNUM, giving an EXCLLENT RENTAL YIELD OF OVER 16% if achieved for guide price. Rateable Value IN 2010 £31100

Montrose, on the east coast of Angus, is an important service & employment centre benefitting from a harbour & deep water port facilities, a mainline railway station & good access to the road network.

INVESTMENT OPPORTUNITY, FULLY REFURBISHED OFFICE COMPLEX over 2 floors in Forties Road Montrose. Previously approved planning for a change of use to Gym / Cafeteria (lapsed). VAT FREE SALE. PROPERTY CONSISTS: Ground Floor:- Reception, 2 x Storeroom, Workshop, StoreWorkshop, Office, IVS, W.C. First Floor:- 5 x office rooms, W.C. female W.C., Store, IVS 5000 Square metres. Also benefits from full refurbishment in June 2021 and has parking for over 20 cars. 06/00647/FUL Previously APPROVED PLANNING which has lapsed for a Change of Use from Offices to Health Club and Cafeteria. May be suitable for change of use subject to obtaining necessary planning ***EXCELLENT INVESTMENT OPPORTUNITY*** Property could achieve up to £22000 PER ANNUM, giving an EXCELLENT RENTAL YIELD OF OVER 16% if achieved for guide price. Rateable Value IN 2010 £31100

Montrose, on the east coast of Angus, is an important service and employment centre benefitting from a harbour and deep water port facilities, a mainline railway station and good access to the local and national road network via the A92 coastal route with linkages to the A90 and the trunk road network. Key industries in the area include GlaxoSmithKline and Montrose Port. The town has a thriving high street and a population is approximately 20,000. Forties Road Industrial Estate has been instrumental in securing Montrose its status as Scotland’s second home for oil and gas. Occupiers benefit from the high quality, low cost location. The property is based in Montrose, a coastal resort town in Angus, Scotland. It is situated 38 miles north of Dundee between the mouths of the North and South Esk rivers.

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Floorplans

  Johnston House Office Investment, Forties Road  Montrose

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Location

Pricing Information & Bidding

Guide Price: £140,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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 of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 25 June 2021, 4pm
Type: Deadline for Offers

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