Studio flat for sale

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Studio 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 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%. With a low rent for the area, this property offers a competitive return on investment, making it an attractive option for landlords and investors. The village of Newmilns is a popular rental location, with easy access to Glasgow and other major cities, making it an ideal location for commuters. The property will be sold under auction terms and conditions, with pre-auction offers being considered.