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3 Nelson Street, Tenanted Investment... 1 bed flat for sale
3 Nelson Street, Tenanted Investment, Newmilns
£26,000
3 Nelson Street, Tenanted Investment, Newmilns
£26,000
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 1-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 settled tenant in place, paying £399 per month, providing a potential yield of over 16%. The rent is below the local market rate, making it an attractive investment opportunity for landlords and investors. The property is situated in a popular rental location, with a strong demand for housing from commuters. With its proximity to major transportation links, including the M77, Glasgow City Centre, and Prestwick International Airport, this property offers a unique investment opportunity for those looking for a low-cost, high-return investment.