Britton Property.
Investment For Sale
Unit 1, New Wynd, Montrose DD10 8AD
Attractive long term investment
Let to Argos Ltd
Expiry 26th March 2031 – new 5 year extension
Rent £90,000pa Price – Offers Invited
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
Montrose has a population of around 12,000 and 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.
The premises are located on the south side of New Wynd, between its junction with Baltic Street and Market Street within the town centre. Neighbouring occupiers include Screwfix and Dominos with Scotmid, Boots, Peacocks and TG Jones all located nearby on High Street.
The premises comprise an end-terraced single storey retail unit of modern construction surmounted by a pitched roof. The property benefits from a prominent frontage facing onto a shared car park.
Internally the premises comprise open plan sales area to the front and is fitted out in accordance with the tenant’s corporate specifications.
The ground floor extends to the following approximate areas:
Ground Floor: 12,593 sq ft / 1,170 sqm
Let to Argos Ltd until 26th March 2031. The tenant has recently agreed a new 5 year extension. The passing rent is £90,000pa.
For the year ended 1st March 2025, Argos Ltd reported a turnover of £4,134.2 million, a gross profit of £168.1 million and total equity shareholders’ funds of £265.1 million.
Offers invited.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the purchaser will be responsible for LBTT, registration dues and any VAT payable thereon.
Britton Property is a niche, independent retail and leisure consultancy, providing professional and bespoke advice to clients.