Studio flat for sale

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Studio flat for sale

First Floor Flat, 27 Kilnholm Street, Newmilns
£27,500

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 and is currently tenanted, with the tenant paying £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The tenant has an excellent payment history, and the property is being sold with a settled long-term tenant in place. Newmilns is a popular rental location, popular with commuters due to its proximity to Kilmarnock, Ayr, Troon, and Prestwick Airport, as well as its easy access to Glasgow City Centre. The property is being sold under auction terms and conditions, with pre-auction offers being considered.