Studio flat for sale

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Studio flat for sale

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 is an income-producing investment property, 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, with a long-term tenant paying £399 per month, giving a potential yield of over 16%. The rent is below the local market rate, with a competitive rent of £450 per month for a one-bedroom property. The property is situated in a popular rental location, popular with commuters due to its proximity to Kilmarnock, Ayr, Troon, and Prestwick Airport, and is linked to Glasgow City Centre by the M77 motorway. The property is being sold under auction terms and conditions, with the seller open to pre-auction offers.