Income producing investment property in popular rental location.
Tenanted 1 bedroom first floor flat located in the commuter town of Newmilns offering excellent access to Kilmarnock, Glasgow, Ayr and Prestwick Airport.
The property will be sold with a tenant in place. Tenant pays £375 per month (£4,500 per year) giving an excellent return on investment. Settled long-term tenant has excellent payment history.
Potential yield of approximately 18%.
The property has recently been refurbished internally and comprises Lounge, modern Kitchen, Double Bedroom and Bathroom.
Perfect for landlord/ investor looking for generous return on low cost investment.
Newmilns is a popular rental location- popular with commuters as it is only 10-15 minutes outside the large town of Kilmarnock, approximately 30 minutes from Ayr, Troon and Prestwick Airport.
The village is located approximately 10 minutes from the M77 linking Ayrshire with Glasgow City Centre- 40 minutes from Glasgow City Centre and 25 minutes from Prestwick International Airport.
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.
For further information speak to one of our dedicated property experts.
Be Brave... Follow Your Heart
Tenanted investment property
Sold with tenant paying £4,500 per year
High yielding investment
Popular rental location
Close to transport links
Easy access to Glasgow City Centre, beaches and Prestwick Airport.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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