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Studio 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 first-floor flat located in the commuter town of Newmilns, offering excellent access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property has recently been refurbished internally and features a lounge, modern kitchen, double bedroom, and bathroom. The settled long-term tenant pays £375 per month (£4,500 per year), providing an excellent return on investment with a potential yield of approximately 18%. The property is perfect for a landlord or investor looking for a generous return on a low-cost investment, and its popular rental location ensures a steady stream of tenants. With its proximity to transport links, including the M77, the property offers easy access to Glasgow City Centre, beaches, and Prestwick Airport, making it an attractive investment opportunity.