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Studio flat for sale
First Floor Flat, 27 Kilnholm Street, Newmilns
£28,500
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 1-bedroom flat located in the commuter town of Newmilns, offering easy access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport. The property is currently tenanted and will be sold with a settled long-term tenant who has an excellent payment history, paying £375 per month (£4,500 per year). The property has recently been refurbished and comprises a lounge, modern kitchen, double bedroom, and bathroom. With a potential yield of approximately 18%, this property is perfect for a landlord or investor looking for a generous return on a low-cost investment. The village of Newmilns is a popular rental location, with easy access to transport links, making it an attractive option for commuters.