Summary - 6, CASTLE STREET DD10 8AG
1 bed 1 bath Commercial Property
Auction-ready investment with strong projected rental yield and fast broadband.
Planning consent for two-bedroom flat (Ref: 24/00403/DOM)
A rare town-centre commercial lot with planning consent to convert into a two-bedroom flat (Planning Ref: 24/00403/DOM). The property sits on a busy stretch of Castle Street in Montrose, benefiting from strong footfall and good local rental demand. Sale by auction provides a clear route to purchase and potential upside for buyers prepared to act quickly.
The building shows period Georgian character — high ceilings and stone facade — offering attractive living space once converted. Local comparables sold around £83k–£84k in 2022, and estimated rents in the area are about £500–£600 pcm, which at the guide price suggests a gross yield in the 10.9%–13% range if fully let.
Buyers should note material points: the exterior requires maintenance (peeling paint reported), the unit is currently vacant, tenure is unknown, and the area is described as very deprived which can affect long-term capital growth. The planning consent is a valuable asset but conversion will require capital, and the property will be sold at auction where prompt completion processes apply.
Excellent digital connectivity and no flood risk improve immediate rental prospects. This lot will suit investors keen on short-term refurbishment and rental income, or a developer comfortable with converting a period commercial unit into residential accommodation under the approved consent.
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