3 Nelson Street, Tenanted Investment, Newmilns
- PROPERTY TYPE
Flat
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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
Description
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
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
3 Nelson Street, Tenanted Investment, Newmilns
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Visit our security centre to find out moreDisclaimer - Property reference 277FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions Limited, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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