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First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale
First Floor Flat, 27 Kilnholm Street, Newmilns
£26,500
First Floor Flat, 27 Kilnholm Street, Newmilns
£26,500
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 and will be sold with a tenant in place, paying £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The property has been recently refurbished and features a lounge, modern kitchen, double bedroom, and bathroom. With a long-term tenant in place with an excellent payment history, this property is ideal for a landlord or investor looking for 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.