Skip to content

The Avenue, Girvan, KA26

Guide Price
£150,000
Reduced on 04/05/2021
National Property, Glasgow
PROPERTY TYPE
House Share
BEDROOMS
x7
BATHROOMS
x2

Key features

  • 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

Property description

Tenure: Freehold

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.

Ground Floor:

Lounge

4.1m x 4.2m (13’9” x 13’5”)

Kitchen

3.5m x 3.5m (11’6” x 11’6”)

Bedroom One

3.7m x 3.6m (12’2” x 11’11”)

Bedroom Two

2.9m x 3.5m (11’4” x 9’4”)

Utility Room

2m x 1.75m (6’8” x 5’4”)

First Floor:

Bedroom Three

2.85m x 3.5m (11’0” x 9’0”)

Bedroom Four

4.2m x 2.6m (14’0” x 8’6”)

Bedroom Five

2.3m x 2.95m (9’8” x 9’3”)

Bedroom Six

2.35m x 3.6m (11’9” x 7’10”)

Bedroom Seven

2.5m x 2.1m (8’0” x 6’10”)

Cloakroom

1.2m x 0.9m (8’0” x 5’9”)

Shower Room

2.4m x 1.7m (8’0” x 5’9”)

Shower Cubicle

1.6m x 0.9m (5’2” x 3’0”)



Area:

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.



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 1% of the purchase price subject to a minimum of £3000 including 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. Should an electronic Veriphy be necessary, a cost of £10 inc VAT is payable prior to application, more information on request.

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.

Official government advice is that the housing market should remain open subject to adherence of published safety guidelines. You can therefore still move home during the current lockdown.

Although the majority of our staff will be working from home there will still be someone working in the office. Access to our offices will be by appointment only so please ensure that you make arrangements with us via telephone or email before you visit to ensure that a colleague will be available to assist you. Please remember that you are required to wear a face covering before entering our premises and when attending appointments.

The safety and wellbeing of colleagues and the public in reducing the spread of Covid-19 remains paramount. We will be working in accordance with government guidance in England, Scotland and Wales.



Energy Performance Certificates

EPC 1

The Avenue, Girvan, KA26

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Girvan Station0.3 miles
Mortgages
Check mortgage affordabilityPowered by Nationwide - Rightmove receives a fixed monthly fee from Nationwide for introductions made via the Rightmove platforms. It's up to you if you choose Nationwide or a different lender to suit your mortgage needs and circumstances
Market information
See similar nearby properties

About the agent

National Property, Glasgow

100 Beith Street Glasgow G11 6DQ

National Property, Glasgow

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

More properties from this agent

Industry affiliations

Ombudsman for REsale Estate Agents (no OFT logo)

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

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 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.”

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.