Studio for sale

3 Nelson Street, Tenanted Investment, Newmilns KA16

Income producing investment property in popular rental location.

Tenanted, 1 bedroom, freehold 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 £399 per month (£4,788 per year) giving an excellent return on investment. Settled long-term tenant has excellent payment history.

Potential yield in excess of approximately 16%.

Low rent for the area with a competitive local rental of £450 per month (£5,400 per year for a one bedroom property.

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

Income producing investment

Sold with settled, sitting tenant on prt

Immediate income of £399 per month

Popular rental location

Popular commuter location with easy access to Glasgow