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70 Main Rd 1,030 sq ft Retail Property Montrose DD10 0BA £195,000 (£189.32/sq ft) 11.33% Net Initial Yield
Investment Highlights
- Investment opportunity with mixed commercial and residential accommodation
- Site extends to approximately 0.13 acres
- Value-add opportunity through letting the vacant residential dwelling
Executive Summary
The property is let in part, with the commercial unit producing £15,000 per annum from a lease to Alliance Property Holdings Limited starting 21 May 2024, with a tenant break option on 21 May 2029 and lease expiry on 20 May 2034. The adjoining two-bedroom residential dwelling is currently vacant, providing a value-add opportunity through residential letting.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,030 sq ft
Costar Property Class
B
Year Built
1960
Price
£195,000
Price per sq ft
£189.32
Yield
11.33%
NOI
£22,094
Tenancy
Single
Number of Floors
1
Plot ratio
0.18
Total Plot Size
0.13 ac
Frontage
26 ft on Main Road
Amenities
- Corner Lot
1 1
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70 Main Rd
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