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40 Fenwickland Avenue, Flat E Ayr
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Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 1
- Council Tax: Search
TENANTED INVESTMENT – One bedroom flat currently generating £500 per month (£6,000 per annum) in rental income. Immediate income-producing opportunity.
EXCELLENT BUY-TO-LET OPPORTUNITY – Established residential investment with a sitting tenant. Ideal for landlords seeking to expand their property portfolio.
WELL-PROPORTIONED ACCOMMODATION – Comprises lounge, kitchen, double bedroom and bathroom. Benefits from gas central heating and double glazing.
POPULAR AYR LOCATION – Situated within an established residential area with access to local amenities, shopping facilities and transport connections.
STRONG INVESTMENT APPEAL – Income-producing property in a popular coastal town. Potentially attractive to both first-time and experienced buy-to-let investors.
40E Fenwickland Avenue, Ayr, KA7 3QD GUIDE PRICE £45,000 – EXCELLENT FREEHOLD, TENANTED BUY-TO-LET INVESTMENT – GENERATING £6,000 PER ANNUM – IMPRESSIVE 13.3% GROSS RENTAL YIELD AGAINST GUIDE PRICE. Future Property Auctions are delighted to present to the market this attractive one bedroom residential flat situated within the popular coastal town of Ayr. Offered for sale with a sitting tenant, the property represents an excellent opportunity for buy-to-let investors seeking an established rental income stream. CURRENTLY TENANTED AT £500 PER MONTH (£6,000 PER ANNUM) – REPRESENTING AN IMPRESSIVE 13.3% GROSS RENTAL YIELD BASED ON THE £45,000 GUIDE PRICE. An ideal turnkey investment offering immediate rental income from completion, without the requirement to source a new tenant. PROPERTY ACCOMMODATION: The property comprises a well-proportioned LOUNGE, KITCHEN, DOUBLE BEDROOM AND BATHROOM. Further benefits include DOUBLE GLAZING AND GAS CENTRAL HEATING, providing additional comfort and practicality for tenants. The property is located within an established residential area of Ayr, offering convenient access to local amenities, shopping facilities and transport connections. Ayr is one of Scotland's most popular coastal towns, benefiting from an established residential rental market, excellent transport links and a wide range of local services. The town is particularly attractive to commuters, professionals and those seeking convenient access to the Ayrshire coastline.
Tenancy Details
Type of Agreement: Private Residential Tenancy (PRT)Length:
Rent: £6,000 per year / £500 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteFenwickland Avenue is situated within an established and popular residential area of Ayr, one of Scotland's most desirable coastal towns. The location offers an excellent combination of residential convenience, local amenities and accessibility, making it attractive to both tenants and homeowners. Ayr town centre is within easy reach, providing an extensive selection of high street shops, supermarkets, independent retailers, restaurants, cafés and leisure facilities. The town is also renowned for its beautiful sandy beach, attractive seafront promenade and recreational attractions. The area benefits from excellent transport connections, with Ayr railway station providing regular services to Glasgow and surrounding Ayrshire towns. The nearby A77 offers convenient road links towards Glasgow, Kilmarnock and the wider central belt, making the location particularly appealing to commuters. Ayr also offers a wide range of educational establishments, healthcare facilities, sports centres and recreational amenities, alongside renowned golf courses and scenic coastal walks. POPULAR RESIDENTIAL LOCATION – EXCELLENT LOCAL AMENITIES – CONVENIENT TRANSPORT LINKS – ESTABLISHED RENTAL MARKET – ATTRACTIVE AYRSHIRE COASTAL SETTING. The combination of convenient amenities, transport accessibility and Ayr's established residential appeal makes Fenwickland Avenue an attractive location for buy-to-let investment.
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Pricing Information & Bidding
Opening Bid: £45,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 40Fenwickland Avenue, Flat E, Ayr