Unit 1 New Wynd, Let Argos Investment, Montrose, DD10 8AD

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £936,000 to £864,000 (8% lower), 17 Oct 2026.
• Listed before with Allsop for 24 Mar 2026: Unsold, guide £940,000. See that listing

Future Property Auctions' record

About the lot

Freehold leisure lot in Montrose. Producing £90,000 a year, a 10.0% gross yield at the guide.

Commercial Investment. Single Storey Modern Development comprising 12,593 sq ft Unit with car park let to Argos Ltd at £90,000 pa. Fantastic blue chip investment opportunity. Let to Argos on New 5 year extension. Argos Ltd Occupied since 2006. New 5 year extension. FRI terms. Latest reported annual turnover : £4.13 billion for the 12 months to 1 March 2025 (down from £4.22 billion the previous year). Aberdeen is located 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east. The A90 is close-by and the town is served by a mainline Abellio ScotRail train station. *IMMEDIATE INCOME PRODUCING BLUE CHIP INVESTMENT*. Super size and location. Modern retail investment with great parking and excellent central location. The property is situated on the south side of New Wynd, between its junction with Baltic Street and Market Street within the town centre of Montrose. Montrose has a population of circa 12,000 and is an important commercial centre. Its well-developed port acts as a support centre for the North Sea oil industry and is a bulk container shipping base. Montrose is well located with Aberdeen 35 miles to the north, Dundee 30 miles to the south and Forfar 17 miles to the east.The A90 is located close-by and the town is served by a mainline railway station. Adjacent to Montrose Basin, an internationally important wildlife reserve, the town is also close to several well regarded golf courses and provides a good selection of services and amenities to the surrounding area. Neighbouring occupiers include Energie Fitness, Domino’s Pizza, Nemetona, Boots and Scotmid. The property comprises a substantial single storey retail unit of modern construction surmounted by a pitched roof overlaid in concrete tile. The property benefits from a prominent frontage facing onto a shared car park within the town centre of Montrose. The property offers multiple display windows offering return frontage and access gained via dual double doors of aluminium framed and glazed construction. Internally, the property is fitted out in accordance with the tenants corporate specifications, floors have been overlaid in laminated timber in the customer area, the property offers a larger open plan sales area at ground floor with L.E.D and halogen spot lighting. Partitions have been erected to the rear to form store room, w.c and access to a rear loading area. The loading area is shared with the neighbouring occupiers, and is accessed via Baltic Street. NAV/RV: £90,600. The property has been calculated to extend to the following internal area; Ground: 1,170sqm (12,593sq ft). Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 2031. Rent: £90,000 per year / £7,500 per month. Yield: 10% (approx). Tenant: Company. Notes: Argos Ltd Occupied since 2006. FRI terms. Let to Argos on New 5 year extension. The property is held on a full repairing and insuring head lease to Argos on a new 5 year lease extension with no breaks at a passing rent of…