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Previous Auction Lot

From Auction held in September 2020
Lot 3


Town Centre Former Bank Premises with Potential for Alternative Uses – 403 sq.m (4,343 sq.ft), within selfcontained Building with Extensive Grounds to the Rear


Situated at the mouth of the River Esk, 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 closeby 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.

The property is located in a prime position, within the town centre, on a section of the High Street, which benefts from being set back slightly from the main road and which has a number of public on-street car parking spaces in front of the building. Adjacent buildings include “The Guildhall” and “The Old Church”. A mix of national and local traders occupy premises in the vicinity.


The property comprises an elegant and architecturally interesting (it is Category B Listed), mid terrace three storey and attic building predominately of traditional sandstone construction under a pitched slate roof. There are single storey extensions to the rear, with attractive former garden ground, bounded by high stone walls (Review Court), extending to the east.


Internally the ground foor comprises the former banking hall, meeting rooms, a strong room, and further storage/offce space to the rear, with an internal stair leading to a mezzanine foor providing a staff room and toilets. A separate entrance at street level provides direct access to the upper foors, where there are private offces on the frst and second foors, as well as additional toilet facilities, and basic storage accommodation at attic level. Some original features including cornice work, ceiling roses and freplaces have been retained whilst some offces have underfoor and/or perimeter trunking. Heating is via a gas fred system and wall mounted radiators.

Floor Areas

Location sq.m. sq.ft.
Ground foor142.12 sq.m (1,530 sq.ft)
Mezzanine staff area11.76 sq. m. (127 sq.ft)
First foor119.67 sq. m. (1,288 sq.ft)
Second Floor69.63 sq.m. (750 sq.ft)
Attic60.34 sq. m. (648 sq.ft)
Total403.52 sq.m (4,343 sq.ft) approx.

Site Area

0.15 Ha (0.38 Acres) approx., including the footprint of the existing building.


The property last operated as a bank, with offce accommodation on the upper foors, and therefore has Class 2 Use and permitted change to Class 1 (Shops). The building offers interesting opportunities, including the possible conversion of the upper foors to residential use, subject to obtaining all relevant consents. Interested parties should make their own enquiries to Angus Council Planning Services.


Band F


Owner vacant possession

Rateable Value

Ground and Mezzanine foors - £20,000.
First, second and Attic foors - £11,900.


By arrangement with the Auctioneers, SVA Property Auctions Ltd. Please email in the frst instance:

Joint Auctioneers

Peter Fraser, Avison Young (Edinburgh) Tel: 0131 255 8000.

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