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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
- Potential to add significan t value in high demand rental location and popular commuter zone
- 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 near Kilmarnock, presents an investment opportunity with significant potential for value addition. With a realistic potential rental income of £425-£450 per month, this property offers an exceptional potential yield and outstanding return on investment. Although it requires refurbishment and modernization, this should pose no major issues for professional or part-time developers. Located just 10-15 minutes outside Kilmarnock and 30 minutes from Ayr, Troon, and Prestwick Airport, the property benefits from easy access to Glasgow City Centre via the M77. With a low cost investment and potential to add value, this property is an attractive opportunity for those looking to capitalize on the high demand rental market in this commuter zone.