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King Street, Newmilns, East Ayrshire... 1 bed flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£27,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£27,500
Our Summary
- Investment opportunity in extremely popular rental location close to Kilmarnock with easy access to Glasgow City Centre
- Vacant FREEHOLD property with realistic potential rental of £425-£450 per month (£5,100- £5,400 per year) offering an exception potential yield and outstanding return on investment
- As shown in the images, the property will require a degree of refurbishment and modernisation to realise the full potential but this should pose no major issues to professional or part-time developers
- This property will be sold under auction terms and conditions by Braveheart Auctions
- For more information on this property and our next online auction speak to Braveheart Auctions now
Description
This vacant freehold property in Newmilns, a popular rental location, offers a rare investment opportunity with a realistic potential rental income of £425-£450 per month, translating to an exceptional yield. The first-floor property, which will require some refurbishment and modernization, comprises an entrance, lounge, double bedroom, kitchen, and bathroom. With its proximity to Kilmarnock, Ayr, Troon, and Prestwick Airport, as well as its easy access to Glasgow City Centre via the M77, this property is poised to attract a steady stream of tenants. As a low-cost investment, this property presents a fantastic opportunity for professional or part-time developers to add value and generate a strong return on investment. The property will be sold under auction terms and conditions by Braveheart Auctions, with further information available upon request.