Summary - 27, UNION STREET, MONTROSE DD10 8PZ
2 bed 1 bath Apartment
Turn-key let with immediate income and renovation upside near Montrose coast.
Ground-floor two-bedroom flat, currently tenanted at £550 pcm
A ground-floor, two-bedroom flat in central Montrose offered as a tenanted, turn-key investment. Currently let at £550 pcm, the property delivers an immediate gross income and a quoted yield around 10%, making it suitable for buyers seeking instant cash flow.
The building is a Victorian mid-terrace sandstone block with character stonework and chimney that will need some TLC. Internally the flat presents practical, well-lit rooms and wooden floors, but the block and exterior are described as dated and may require external repair or cosmetic attention over time.
This lot will be sold at auction and is offered as seen; the sale is aimed at investors willing to buy a let property with an existing tenancy. Utilities and broadband are functional but broadband speeds are reported slow. There is no private garden and parking is on-street only.
Location strengths include proximity to Montrose town centre and coastal amenities, plus recent local sale comparables that suggest potential capital upside. Buyers should note the property sits in an area recorded as very deprived and will suit investors who understand regional rental demand and are prepared for potential maintenance and management responsibilities.
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