We are delighted to bring to auction this two storey commercial premises located within the town centre of Brechin, Angus. Being sold without vacant possession, the ground floor of the property comprises a very generous sized shop premises which was previously occupied by a vape shop while the first floor of the property occupies a large office space which with adequate planning could make for a great residential apartment. This premise could make great use for multiple high street businesses with its prime location and large floorplan.
From an investment point of view, this property would look to achieve around £650 pcm on the rental market which if purchased at its guide price of £38,000, would be looking at a investment yield of 20.5%. These figures could of course be enhanced depending on the route taken when developing this property with its versatile nature.
The town of Brechin is around half an hour North of Dundee and just off the Coast at Montrose. The town has varied amenities with a Tesco express, primary and secondary school, railway station and Cathedral. Further amenities are available in the surrounding towns and Dundee city, which is around a half an hour drive away, making this a popular area for commuters.
For any further enquiries, please contact the Wilsons Auctions Property Department.
- Commercial Unit
- Ground Floor Shop Premises
- First Floor Office Space
- Town Centre Location
- Brechin, Angus
- Sold Without Possession
- Estimated Rental Value: £650 pcm
Posted 18/02/24, views 2
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