The Avenue, Girvan, KA26
- Exciting SEVEN Bedroom Townhouse - HMO Licensed For Five Tenants
- Tenants in Situ Producing Instant Income
- Potential To Extend Licence To Seven Tenants
- Substantial And Well-Presented Accommodation
- Popular Ayrshire Coast Location
- Current Rental Income £1,120pcm / £13,440pa
- Potential For Five Tenants £16,800pa / Seven Tenants £23,520pa
We are delighted to offer to auction this tenanted HMO opportunity enjoying an excellent central, yet quiet, location in the Ayrshire seaside town of Girvan. The Avenue is widely regarded as Girvan’s most prestigious addresses and this property comes to market for the first time in 17 years, offering a rare investment opportunity.
This traditional semi-detached townhouse property is over two levels with spacious and well-presented accommodation comprising, on the ground floor, large front facing lounge, dining kitchen, two bedrooms and utility room. The upper level offers five bedrooms, shower room, additional shower cubicle and WC. The property further offers gas central heating, double glazing and rear walled patio/garden space featuring a large outhouse/store and shed with gate giving access to front.
The property is currently licensed as a five tenant HMO although we understand that the licence can be extended to allow two further tenants on completion of works adding to kitchen facilities. There is rental income from the four existing tenants of £13,440 per annum, with an additional £3,360 per annum income with a fifth tenant in place. The current rental yield is an attractive 8.1% at Guide Price and, with the fifth tenant, this yield increases further to 10.2%. On approval of a revised seven tenant licence, the total income potentially exceeds £23,000 per annum, which equates to more than 14% at Guide Price.
A unique further benefit of this HMO property is that one of the long-term tenants also assumes the role of caretaker/manager to ensure that the property is maintained to a good standard and all utility costs (except council tax) are paid and fairly apportioned amongst tenants.
Excellent cash generative HMO properties are rarely available and with the added benefit of four long-term tenants in situ, this property is sure to 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.
4.1m x 4.2m (13’9” x 13’5”)
3.5m x 3.5m (11’6” x 11’6”)
3.7m x 3.6m (12’2” x 11’11”)
2.9m x 3.5m (11’4” x 9’4”)
2m x 1.75m (6’8” x 5’4”)
2.85m x 3.5m (11’0” x 9’0”)
4.2m x 2.6m (14’0” x 8’6”)
2.3m x 2.95m (9’8” x 9’3”)
2.35m x 3.6m (11’9” x 7’10”)
2.5m x 2.1m (8’0” x 6’10”)
1.2m x 0.9m (8’0” x 5’9”)
2.4m x 1.7m (8’0” x 5’9”)
1.6m x 0.9m (5’2” x 3’0”)
Girvan is a popular seaside town and enjoys a picturesque location on the Ayrshire coast. The area is a 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.
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.
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• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
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Energy Performance CertificatesEPC 1
The Avenue, Girvan, KA26
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Girvan Station0.3 miles
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