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New Wynd 12,593 SF Retail Condo Unit Offered at $1,568,466 CAD in Montrose DD10 8AD
Investment Highlights
- Single-storey modern construction
- Dedicated rear loading area with shared access
- Passing Rent: £90,000p.a.x.
- Open-plan retail layout with modern fit-out extending to 12,593sq ft
- Let to Argos on New 5 year extension
- Price: o/o £835,000
Executive Summary
The property comprises a modern single-storey retail unit extending to approximately 12,593 sq ft, constructed with a pitched tiled roof and prominent glazed frontage. Internally, the unit provides a large open-plan sales area with modern lighting, complemented by ancillary storage, WC facilities, and rear loading access. Positioned within a shared car park in Montrose town centre, the asset benefits from strong visibility and convenient customer access, making it a well-configured and attractive retail investment.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 10.78% |
| Sale Type | Investment |
| Cap Rate | 10.78% |
| Tenure | Freehold |
Description
Internally, the property is fitted out in accordance with the former 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.
Sale Notes
The property is offered as a freehold retail investment let to Argos, benefiting from a new 5-year lease extension with no break options, providing secure short-term income. The passing rent is £90,000 per annum, with the transaction structured as a ToGC, making it attractive for investors seeking tax efficiency. The asset represents a modern, well-located retail unit within Montrose town centre, supported by a strong tenant covenant and nearby national occupiers.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 12,593 SF | Retail | $1,568,466 CAD ($124.55 CAD/SF) | $169,056.22 CAD |
Unit 1
| Unit Size |
| 12,593 SF |
| Condo Use |
| Retail |
| Price |
| $1,568,466 CAD ($124.55 CAD/SF) |
| NOI |
| $169,056.22 CAD |
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Unit 1
| Unit Size | 12,593 SF |
| Condo Use | Retail |
| Price | $1,568,466 CAD ($124.55 CAD/SF) |
| NOI | $169,056.22 CAD |
| Sale Type | Investment |
| Cap Rate | 10.78% |
| Tenure | Freehold |
| Description | |
| Internally, the property is fitted out in accordance with the former 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.</li></ul> | |
| Sale Notes | |
| The property is offered as a freehold retail investment let to Argos, benefiting from a new 5-year lease extension with no break options, providing secure short-term income. The passing rent is £90,000 per annum, with the transaction structured as a ToGC, making it attractive for investors seeking tax efficiency. The asset represents a modern, well-located retail unit within Montrose town centre, supported by a strong tenant covenant and nearby national occupiers.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 17,303 SF | Typical Floor Size | 8,652 SF |
| Property Type | Retail (Condo) | Year Built | 1960 |
| Property Subtype | Storefront | Lot Size | 0.22 AC |
| Building Class | C | Parking Ratio | 0.58/1,000 SF |
| Floors | 2 |
| Total Building Size | 17,303 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 8,652 SF |
| Year Built | 1960 |
| Lot Size | 0.22 AC |
| Parking Ratio | 0.58/1,000 SF |
Amenities
- Storage Space
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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New Wynd
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