Summary - 109, MURRAY STREET DD10 8JQ
1 bed 1 bath Commercial Property
Affordable freehold shop with immediate let potential for income-focused buyers.
Freehold commercial unit on Montrose main street with high pedestrian footfall
A compact freehold commercial unit on Montrose’s main street, offered for auction and aimed at investors seeking a ready-to-let high-street asset. The property sits on a prominent roadside plot with strong pedestrian footfall and good digital connectivity, supporting straightforward letting for retail or office uses.
Rental forecasts indicate a potential monthly rent of £300–£395 (£3,600–£4,740 pa), which would produce an attractive yield at the guide price of £70,000 if achieved. The property has a rateable value of £2,850 and may qualify for small business rates relief for qualifying tenants, lowering occupation costs and improving lettability.
The building is traditional stone with a modernised open-plan interior but does require some updating to reach its full rental or development potential. It comprises a main retail/office area, kitchen and WC and could suit small traders, professional services or mixed-use conversion subject to planning. Note the local area is classified as very deprived with constrained rental demand, which may affect rental growth and tenant mix.
Sold at auction; purchasers should allow for immediate purchase timelines and budget for refurbishment and any reconfiguration works. The location’s coastal town amenities and rail links to Dundee and Aberdeen support medium-term capital prospects, but buyers should weigh refurbishment costs against rental assumptions before bidding.
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