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King Street, Newmilns, East Ayrshire... 1 bed flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£25,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£25,500
Our Summary
- Investment opportunity in extremely popular rental location close to Kilmarnock with easy access to Glasgow City Centre
- Potential to add significan t value in high demand rental location and popular commuter zone
- Vacant FREEHOLD property with realistic potential rental of £425-£450 per month (£5,100- £5,400 per year) offering an exception potential yield and outstanding return on investment
- As shown in the images, the property will require a degree of refurbishment and modernisation to realise the full potential but this should pose no major issues to professional or part-time developers
- This property will be sold under auction terms and conditions by Braveheart Auctions
- For more information on this property and our next online auction speak to Braveheart Auctions now
Description
This vacant freehold property in Newmilns, a popular rental location near Kilmarnock, offers a significant investment opportunity. With a potential rental income of £425-£450 per month, this property provides an exceptional potential yield and outstanding return on investment. The first-floor property requires a degree of refurbishment and modernization to realize its full potential, but this should pose no major issues for professional or part-time developers. Located just 10-15 minutes outside Kilmarnock, 30 minutes from Ayr, Troon, and Prestwick Airport, and 40 minutes from Glasgow City Centre via the M77, this property is ideal for commuters. With a low cost investment and potential to add value, this property is a great opportunity for those looking to invest in a rental property in a high-demand location.