First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale

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First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale

First Floor Flat, 27 Kilnholm Street, Newmilns
£28,500

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 tenanted with a long-term tenant who has a excellent payment history, paying £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The flat has been recently refurbished and comprises a lounge, modern kitchen, double bedroom, and bathroom. As a popular rental location, Newmilns is ideal for landlords and investors looking for a generous return on a low-cost investment, with easy access to Glasgow City Centre, beaches, and Prestwick Airport. The property will be sold under auction terms and conditions, with pre-auction offers being considered.