£650,000 Guide price
This Grade C listed building is arranged over the upper three floors of a substantial stone and slate building that occupies a prominent position in the centre of Montrose.
There are two separate ground floor accesses, one from the High Street and one from Hume Street. Believed to have been built in 1892, the building was originally the Central Hotel. The ground floor has a number of retail premises all in separate ownership.
The Investment Opportunity comprises 17 apartments which are a mixture of 1 and 2 bedrooms.
There are 6 apartments within 118 High Street. These are accessed by a most attractive well maintained and well decorated wide staircase with 2 apartments on each floor. There is a fully enclosed spacious bin storage area on the ground floor.
There are 11 apartments within 8 Hume Street which are also accessed by a well maintained staircase. There are 4 apartments on both the first and second floors and 3 apartments on the third floor. There is a spacious enclosed bin storage area on the ground floor.
All the apartments have modern kitchens and bathrooms and have been regularly decorated. They have electric panel heaters with hot water from immersion heaters.
The apartments have consistently been almost full let, with one apartment let out on a holiday let basis, through Airbnb. The landlord has operated a strict policy for accepting tenants with full due diligence carried out before approval. The apartments are let on Short Assured Tenancy Agreements and are considered to be let at market rent.
This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.
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