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Studio flat for sale
First Floor Flat, 27 Kilnholm Street, Newmilns
£25,500
First Floor Flat, 27 Kilnholm Street, Newmilns
£25,500
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 flat located in the commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is currently tenanted, with the tenant paying £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The property has been recently refurbished and comprises a lounge, modern kitchen, double bedroom, and bathroom. The tenant has an excellent payment history and the property is expected to appeal to landlords and investors seeking a generous return on a low-cost investment. The location is popular with commuters, with easy access to Glasgow City Centre, beaches, and Prestwick Airport, making it an attractive investment opportunity.