Low cost tenanted investment in quiet Ayrshire village. Excellent addition to bu to let portfolio with attractive potential yield of 18-20%
Starting bid: £20,500.00
Item condition: New
Reserve price has not been met.
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Tenanted one bedroom flat in the quiet rural Ayrshire town of Catrine. Tenant currently paying £249 per month with scope to increase to meet local average of £400-£450 per month (£4,800- £5,400 per month).
The flat consists of a large double bedroom, Kitchen, bathroom and large living room area.
The flat is located on St Germain street which is the main street running through the town centre. The town of Catrine is a small village which sits directly between the major Ayrshire towns of Kilmarnock and Cumnock. Local amenities are plentiful including, shops, cafe’s pubs and local community centre. The village is a popular commuter town sitting only 10 minutes off of the M77 which gives direct access to Glasgow.
The current tenant is paying £249 per month but with the average local rent being £400- £450pcm there is plenty of scope to increase this. After the increase this could amount to a potential yield of 18-20%.
Local sales for similar properties include 29c St Cuthberts street – £31,00, 30a St Cuthberts Street – £35,00, 31d St Cuthberts street – £35,000.
This lot will be sold under auction terms and conditions by Braveheart Auctions.
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