3 Nelson Street, Tenanted Investment... 1 bed flat for sale

>

3 Nelson Street, Tenanted Investment... 1 bed flat for sale

3 Nelson Street, Tenanted Investment, Newmilns
£22,500

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 is an income-producing investment property located in the popular commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is a one-bedroom, freehold flat on the first floor, currently tenanted with a long-term tenant who pays £399 per month, providing a potential yield of over 16%. The rent is below the local market rate, offering a competitive return on investment. The property is situated in a popular rental location, ideal for landlords or investors seeking a generous return on a low-cost investment. With its proximity to major transportation links, including the M77, the property is well-positioned for commuters and offers easy access to Glasgow City Centre, Ayr, Troon, and Prestwick Airport.