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Castle Street, Montrose DD10 Mixed use for sale
Castle Street, Montrose DD10
£45,000
Castle Street, Montrose DD10
£45,000
Price History
Initial price | £55,000 |
29/09/25 | £45,000 |
Price Change | -18.18% |
Description
This vacant commercial property in Montrose, Scotland, presents a unique opportunity for investment or renovation. With planning approval for a change of use to a two-bedroom flat, the property offers flexibility and potential for a strong gross return of 10.9% to 14.1% if acquired at the guide price. The shop unit has a welcoming floor space and changing room, making it suitable for retail activities or residential renovation. The property benefits from significant foot traffic in a bustling area of Montrose, with rentals commanding approximately £500 to £650 per month. The property is being offered at a fantastic discount, making it an attractive purchase for anyone looking for a straightforward investment with excellent upside potential. With recent sales evidence in the area, this property is an excellent opportunity to capitalize on the local market's demand.