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3 Nelson Street, Tenanted Investment... 1 bed flat for sale
3 Nelson Street, Tenanted Investment, Newmilns
£25,000
3 Nelson Street, Tenanted Investment, Newmilns
£25,000
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 and will be sold with a tenant in place, who pays £399 per month, providing a potential yield of over 16%. The rent is considered low for the area, with a competitive local rental of £450 per month for a one-bedroom property. The property is perfect for a landlord or investor looking for a generous return on a low-cost investment, and the location is popular with commuters due to its proximity to Kilmarnock, Ayr, and Glasgow.