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1 bedroom 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 an exceptional investment opportunity with a potential rental yield of £5,100-£5,400 per year. The first-floor property, which will require some refurbishment and modernization, comprises an entrance, lounge, double bedroom, kitchen, and bathroom. With its proximity to Glasgow City Centre, Ayr, Troon, and Prestwick Airport, the property is well-suited for commuters. The village is easily accessible via the M77, making it an attractive location for tenants. With a potential rental income of £425-£450 per month, this low-cost investment has the potential to generate a significant return on investment.