£190,000 Guide price
Fantastic opportunity to purchase this portfolio of one bedroom flats situated in the Town of Montrose making the perfect investment opportunity for a buy to let investor. Four of the properties are currently tenanted with an income of £350pcm per flat with two of the flats becoming vacant recently. The properties are being sold due to the owners impending retirement. The portfolio offers a rental yield of over 13% at the guide price. The addresses are as follows:
St Johns Place, DD10 8JU – one bedroom first floor flat comprising: lounge, kitchen, bedroom, shower room and benefits from electric heating and double glazing - Vacant
St Johns Place, DD10 8JU - one bedroom ground floor flat comprising: lounge, kitchen, bedroom, shower room and benefits from electric heating and double glazing – Tenanted at £350pcm
Victoria Street, DD10 8JR - one bedroom ground floor flat comprising: lounge, kitchen, bedroom, shower room and benefits from electric heating and double glazing - Vacant
Union Street, DD10 8PZ - one bedroom ground floor flat comprising: lounge open plan to kitchen, bedroom, shower room and benefits from electric heating, double glazing and communal garden – Tenanted at £350pcm
Union Street, DD10 8PY - one bedroom ground floor flat comprising: lounge open plan to kitchen, bedroom, shower room and benefits from electric heating, double glazing and private garden – Tenanted at £350pcm
Hill Street, DD10 8AY - one bedroom ground floor flat comprising: lounge open plan to kitchen, bedroom, shower room and benefits from electric heating and double glazing – Tenanted at £350pcm.
Please note the vendor is willing to sell individual units if a buyer is interested, contact the office for further information. Arrange a viewing now to be sure not to miss out.
Montrose is a picturesque seaport town and has an excellent range of local services for its residents, including a variety of shops, health & sports centres, museum, library, swimming pool and the beautiful beach. Montrose is located midway between the cities of Dundee and Aberdeen on the East coast and is serviced by the main East Coast railway line making it ideal for commuters to locate. Montrose railway station is less than a ten-minute walk. Bus and rail link the cities as well as easy road travel access to the surrounding Angus and Aberdeenshire towns. Aberdeen and Dundee cities are approximately 45 minutes driving time. Southesk Primary School and Montrose Academy are both within walking distance from Union Street.
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading, please contact the office where further information will be made available.
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