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First Floor Flat, 27 Kilnholm Street... 1 bed flat for sale
First Floor Flat, 27 Kilnholm Street, Newmilns
£29,000
First Floor Flat, 27 Kilnholm Street, Newmilns
£29,000
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 been recently refurbished and features a lounge, modern kitchen, double bedroom, and bathroom. With a tenant in place, the property generates a monthly income of £375, equivalent to £4,500 per year, providing a potential yield of approximately 18%. The long-term tenant has an excellent payment history, making it an attractive investment opportunity for landlords and investors seeking a generous return on a low-cost investment. The property's location in Newmilns, a popular rental location, offers easy access to Glasgow City Centre, beaches, and Prestwick Airport, making it an ideal investment for those looking for a hassle-free and lucrative investment.