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The Garages, St Peters Place, Montrose, DD10 8PL

Set within the Centre of Montrose, this Complex of 34 Lock-ups Garages and associated area of land is offered for Purchase as a Going Concern.

Access is by means of a Driveway leading from St Peters Place, Montrose, opening into a broadly rectangular area, containing a Row of 34 Lock-Up Garages, leading to a further undeveloped area of ground and also an area, currently cultivated as a vegetable garden, which is included within the Subjects to be sold.  Both the further area of ground and the garden area offer potential for Development, subject to the obtaining of any requisite Planning Permission.

At present, 28 of the Lock-up Garages are occupied by tenants, providing a monthly income of £30 per Lock-up Garage.  It is anticipated that there is potential for the making, subject to appropriate marketing, of a substantial increase in the rental achieved, having regard to prevailing market rentals for garage lets in the Area.

Four of the Garages are currently not occupied by tenants, but shortly to be offered for letting.  It is not anticipated that any difficulty shall be experienced in the re-letting of the garages since there continues to be a steady demand for garage rental within the Town Centre of Montrose.

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