77 - 79 Murray Street
Montrose
Angus
DD10 8JZ

Heritable Retail Investment

  • Prominent town centre location
  • Within close proximity to town centre car parking and Montrose Railway Station
  • Nearby High Street occupiers include Boots the Chemist, Lloyds Pharmacy, Savers, WH Smith and Ladbrokes
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    64
  • Auction
    25/May/2017
  • Rent
    £11,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
  • 77 - 79 Murray Street<br>Montrose<br>Angus<br>DD10 8JZ
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  • Map

Property Information

Location
Miles
32 miles south of Aberdeen, 38 miles north of Dundee
Roads
A92, A90
Rail
Montrose Railway Station (29 mins to Dundee, 39 mins to Aberdeen)
Air
Dundee Airport
Situation

Montrose is a picturesque coastal resort town situated between Dundee and Aberdeen in the county of Angus. The property is situated on the eastern side of Murray Street, close to the High Street in the heart of Montrose town centre. The property benefits from its proximity to Murray Lane car park which provides town centre car parking for approximately 60 cars. Boots the Chemist, Lloyds Pharmacy, Savers, WH Smith and Ladbrokes are located on the High Street to the south, within a short walk of the property.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor retail unit which forms part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas
(Approx)

TenantTermRent p.a.xReversion
Ground
Retail
92.53 sq m
(996 sq ft)
INDIVIDUAL
t/a MilRo Sports

5 years from 13/06/2016 (1)
£11,500
12/06/2021
Total 
92.53 sq m
(996 sq ft)
  £11,500
 

(1) The lease provides for a tenant option to determine on 13/06/2019.

Property Documents

  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    733 KB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi JarvisMhairi Jarvis +44 (0)131 552 5191 +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
DWF LLP No. 2 Lochrin Square, 96 Fountainbridge
Edinburgh
EH3 9QA
Iain Mclean 0131 474 2320iain.mclean@dwf.law

Useful Links

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