Summary - 112, CASTLE STREET DD10 8AX
1 bed 1 bath Commercial Property
Low-entry commercial investment near coastal footfall and local amenities.
- Guide price £50,000; offered for timed online auction
- Vacant former takeaway with front counter, kitchen, bathroom
- Estimated rent £900–£1,000 pcm; potential strong gross yield
- Mid‑20th century fabric with industrial, dated appearance
- Visible internal damage; utility room ceiling needs repair
- Tenure unknown; buyer should allow legal/survey checks
- Located near shops, cafes and coastal footfall for customers
- Area classed very deprived with constrained renter profile
This vacant street‑facing commercial unit in central Montrose is offered for auction with a guide price of £50,000, presenting a low‑entry investment opportunity. The property previously operated as a Chinese takeaway and includes a front customer area, a fitted kitchen, bathroom and storage — a ready base for a similar use or conversion subject to permissions.
Projected rental income of £900–£1,000pcm would deliver a strong gross yield if achieved at the guide price. Local sales evidence (5 Gibson Place £145,000; 51a Bridge Street £117,000) shows transactional activity nearby, and the property benefits from close access to shops, cafes and the coastal footfall that supports takeaway or convenience uses.
Buyers should note the building requires refurbishment: industrial, mid‑20th century fabric with visible wear, a damaged utility ceiling, basic services and a street‑facing but dated shopfront. The area is classified as very deprived with a constrained renter profile; this can limit premium rents but also supports steady demand for low‑cost retail and takeaway operators.
The lot will be sold at timed auction and tenure is unknown, so purchasers must allow for legal and survey checks. Broadband speeds are average and mobile signal is excellent. No flood risk is recorded. This is a straightforward, low‑priced speculative purchase for an investor or small operator willing to carry renovation works and manage auction purchase timings.
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