£65,000 Guide price
This fantastic rental investment portfolio
Comprising three one bedroom flats, enjoys convenient central location in the popular Angus town of Montrose. All flats are in the same block over the second, third and attic floors with commercial premises on the ground floor. Flats B (2nd floor) and C (3rd floor) are broadly similar with accommodation comprising front facing lounge with kitchen off, bedroom to the rear (each with fitted wardrobe storage) and shower room. Flat D (attic floor) offers a large open plan lounge/kitchen, bedroom and shower room. All are in good overall condition, and Flat D is currently tenanted with current rental of £335/month offering immediate rental income to the new owner. The published LHA rate for each of the other two flats is £4786 p.a. On full occupancy, this represents a potential rental yield across the three units of 21% if purchased at Guide Price. This listing is an ideal addition to an existing rental portfolio, but could equally be a great first step on the rental portfolio ladder. Council Tax Band A.
The town of Montrose sits on the Angus coast, approximately 30 miles north east of Dundee, and 40 miles south of Aberdeen. The local area attracts many thriving business sectors including a busy commercial port for agriculture, oil and gas industries, GlaxoSmithKline is a major employer in the area, with further expansion driven by the recently commissioned Seagreen Offshore Wind Farm Project. Facilities in the town include a mainline railway station, hospital, medical centre and supermarkets. Over the years Montrose has become popular with commuters to Aberdeen with access via the A90 or A92. For those seeking leisure pursuits, Montrose is well placed for several golf courses including two in the town. There is a sailing club at Montrose basin where there is also a wildlife centre. There are two leisure centres in the town and an indoor swimming pool. Lovely beaches and walks can be found at Lunan and St. Cyrus and the Angus Glens are approximately 20 miles distant.
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