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King Street, Newmilns, East Ayrshire... 1 bed flat for sale
King Street, Newmilns, East Ayrshire, KA16 9DW
£29,500
King Street, Newmilns, East Ayrshire, KA16 9DW
£29,500
Our Summary
- Investment opportunity in extremely popular rental location close to Kilmarnock with easy access to Glasgow City Centre
- 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, offers a lucrative investment opportunity with a realistic potential rental income of £425-£450 per month. The first-floor property requires refurbishment and modernization to unlock its full potential, but this presents a chance for professional or part-time developers to add value. Located just 10-15 minutes outside 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 property has the potential to generate an excellent yield, making it an attractive option for those looking to diversify their portfolio.