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The Avenue, Girvan, South Ayrshire, KA26

Guide Price
£139,995
Reduced on 17/12/2021
National Property, Glasgow
PROPERTY TYPE
House Share
BEDROOMS
×7
BATHROOMS
×2

Key features

  • This property is being sold by auction, terms & conditions apply
  • Lovely seven bedroom townhouse - HMO licence for five tenants
  • Current Rental Income - £1,400 PCM/£16,800 P/A (12% Rental Yield)
  • Potential for seven tenants £1960pcm/£23,520pa
  • Five tenants in situ producing immediate income
  • Potential to extend HMO licence for seven tenants
  • Versatile, substantial and well presented accommodation
  • Popular Ayrshire coast location near to nature/walks/sports/golf

Property description

Tenure: Freehold

We are delighted to offer to auction this fully tenanted HMO opportunity, enjoying an excellent central, yet quiet, location in Scotland’s Ayrshire seaside town of Girvan. It is situated in The Avenue, which is regarded as Girvan’s most prestigious address. The property comes to market for the first time in close to 20 years, offering a rare, immediate cash generative investment opportunity.

A traditional semi-detached townhouse, the property offers spacious and well-presented accommodation comprising on the ground floor, large front facing lounge, dining kitchen, two bedrooms and utility room. The first floor offers five bedrooms, shower room, additional shower cubicle and WC. The property further offers gas central heating, double glazing, etc. A rear walled patio/garden area features a large outhouse/store and shed with gate giving access to front.

The property is currently licensed as a five tenant HMO and we understand that the licence can be extended to allow two further tenants on completion of minor works, which consist of adding to kitchen facilities. Rental income from five long-term tenants in residence is currently £16,800 per annum. This equates to an attractive rental yield of 12% at Guide Price. This rises to 16.8%, based on £23,520 per annum income after completion of kitchen works and approval of the revised HMO licence.

A unique further benefit of this particular HMO property is that one of the long-term tenants also assumes the role of manager to ensure the property is maintained to an excellent standard and all utility costs (except council tax) are paid and fairly apportioned amongst tenants.

NB Excellent cash generative HMO properties are rarely available and with the added benefit of long-term tenants in situ, this property will attract strong interest from investors seeking secure, immediate rental income with potential for adding further to this.

Early viewing is recommended to fully appreciate the outstanding value on offer.



Area:

Girvan is a popular seaside town and enjoys a picturesque location on Scotland’s Ayrshire coast. The area is a consistent magnet for tourists looking to enjoy a variety of outdoor pursuits; superb coastal and inland country walks, fishing, sailing, etc. Nearby, also, are two world famous championship golf links - Turnberry (5 miles), just a 9 minute drive from the property and Royal Troon (28 miles) plus other fine golf courses. The town itself offers a full range of retail, leisure and education facilities and transport needs are met by a mainline train station and close proximity to the A77.



PURCHASERS NOTES

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading, please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.

• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.

• All measurements, distances and acres are approximate.

• Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is National Property Auctions Limited trading as National Property Agents. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission.

National Property Auctions Limited trading as National Property Agents are revolutionising the sale of property in Scotland. Remember, if you are buying a property which is being sold by National Property Auctions Limited trading as National Property Agents you will normally be responsible for payment of a Buyer's Premium of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.

National Property Auctions Limited trading as National Property Agents are registered with HMRC and carry out due diligence on all clients, please ask for more information on identification required prior to entering into a contract.

Cybercrime Warning: Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.



Energy Performance Certificates

The Avenue, Girvan, South Ayrshire, KA26

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Girvan Station0.3 miles
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About the agent

National Property, Glasgow

212 Byres Road, Glasgow, G12 8UB

We sell every type of property - commercial, residential, land, redevelopment, buy to let, tenanted, walk in, run down, traditional, modern, beautiful and quirky - you name it, we sell it. Even if the property is non-mortgageable we can still help.

At National Property we understand the importance of technology in facilitating faster transactions - we operate a dynamic auction and estate agency process, working with individuals, asset managers and corporate property owners to assist the

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Disclaimer - Property reference 19445112. 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 National Property, Glasgow. 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 National Property, Glasgow on 03339 871959.

*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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