Studio flat for sale

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Studio flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£19,500

Our Summary

  • The property will be sold under auction terms and conditions by Braveheart Auctions
  • The seller has indicated that pre-auction offers will be considered for this lot

Description

This income-producing investment property is a one-bedroom, freehold flat located in the commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is currently tenanted, with a settled long-term tenant paying £399 per month, providing a potential yield of over 16%. The rent is below the local market rate, making it a competitive investment opportunity for landlords and investors. The property is situated in a popular rental location, popular with commuters due to its proximity to Kilmarnock and the M77, which links Ayrshire to Glasgow City Centre. The property will be sold under auction terms and conditions, with pre-auction offers being considered.