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Studio 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 tenanted 1-bedroom 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 comprises a lounge, modern kitchen, double bedroom, and bathroom. The settled long-term tenant pays £375 per month (£4,500 per year), providing a potential yield of approximately 18%. The property is perfect for a landlord or investor looking for a generous return on a low-cost investment, with the added benefit of being in a popular rental location. With easy access to transport links, including the M77 and Glasgow City Centre, this property offers a great opportunity for investors to generate a steady income.