Low cost investment property in excellent rental location in the heart of the Ayrshire costal town of Irvine.
Well-presented 1 bedroom flat close to Irvine Town Centre offering realistic rental potential of £450 per month (£5,400 per year) representing an excellent return on investment.
The first floor property comprises Entrance Hallway, Lounge, Kitchen, Double Bedroom and Bathroom. Enhanced by Gas Central Heating and Double Glazing.
Perfect rental location within minutes of Irvine's popular town centre offering a wide range of amenities, shopping, retail, restaurants and bars. The town's main bus terminal is within yards as is the new Portal Leisure Centre. Easy access to the train station offering a route to Glasgow in approximately 30 minutes.
High tenant demand driven by Kilmarnock College, Kilwinning College, Irvine Central Hospital and Crosshouse Hospital- all within 10 miles.
The property will be sold with vacant possession and offers potential for a strong rental return with local rents indicating a realistic rental of over £5,000 per year.
Irvine is set on the Clyde Coast and is the largest town and administrative capital of North Ayrshire with a resident population of approximately 35,000 people and a larger catchment of approximately 150,000 people.
Irvine has recently been successful in attracting major new investment and development. A leading artificial intelligence (AI) company has announced plans for a £15billion investment in North Ayrshire, beginning next year.
AI Pathfinder plans to set up at the i3 site in Irvine, with the potential of turning it into one of the largest AI infrastructure hubs in Europe.
This lot will be sold under auction terms and conditions by Braveheart Auctions.
For further information speak to one of our dedicated property specialists.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Braveheart Auctions - Elgin. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Braveheart Auctions - Elgin for full details and further information.