Tenanted one bedroom flat in high demand rental location with tenant paying £349pcm. Perfect low cost investment with attractive yield of 12.8%.
Current bid: £26,000.00
Item condition: New
Reserve price has not been met.
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Tenanted one bedroom property in Newmilns with tenant paying £349 per month (£4,188 per annum). Perfect addition to buy to let portfolio with attractive yield of 12.8%.
The flat is comprised of an entrance hallway, double bedroom, bathroom and an open plan living room and kitchen. The current tenant is paying £349 per month with scope to possibly increase to around £425-£450 pcm.
Newmilns is a popular commuter destination with good links via road and public transport to the major town of Kilmarnock. There are also excellent links to Glasgow via the M77 which sits just 10 minutes from the property.
Local Sales- *** 21, Queen’s Crescent, Greenholm, Newmilns KA16 9HP sold for £89,000, 17, Riverbank Street, Greenholm, Newmilns KA16 9HL sold for £95,000, 19, Covenanters Court, Newmilns KA16 9ET sold for £75,000. ***
This lot will be sold under auction terms and conditions by Braveheart Auctions.
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