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1 bedroom flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£27,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£27,500
Our Summary
- Investment opportunity in extremely popular rental location close to Kilmarnock with easy access to Glasgow City Centre
- Potential to add significan t value in high demand rental location and popular commuter zone
- Vacant FREEHOLD property with realistic potential rental of £425-£450 per month (£5,100- £5,400 per year) offering an exception potential yield and outstanding return on investment
- As shown in the images, the property will require a degree of refurbishment and modernisation to realise the full potential but this should pose no major issues to professional or part-time developers
- This property will be sold under auction terms and conditions by Braveheart Auctions
- For more information on this property and our next online auction speak to Braveheart Auctions now
Description
This vacant freehold property in Newmilns, a popular rental location near Kilmarnock, offers an exceptional investment opportunity with potential to add significant value. With a realistic potential rental of £425-£450 per month, the property is expected to yield an outstanding return on investment. The first-floor property requires refurbishment and modernization to realize its full potential, but this should not pose major issues for professional or part-time developers. Located just 10-15 minutes from Kilmarnock and 30 minutes from Ayr, Troon, and Prestwick Airport, the property benefits from easy access to Glasgow City Centre via the M77. With a low cost investment, this full 1-bedroom property has the potential to generate a potentially excellent yield, making it an attractive option for investors.