>
1 bedroom flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£28,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£28,500
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, offers a rare investment opportunity with significant potential for value addition. The first-floor property, which requires refurbishment and modernization, has a realistic potential rental of £425-£450 per month, yielding an exceptional return on investment. Located just 10-15 minutes from 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 rental income, this property presents an attractive opportunity for developers and investors alike.