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Description

  • Status: Available
  • Type: House
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 5
  • Council Tax: Search

PORTFOLIO OF 4 FLATS IN SAME BUILDING. Lot Comprises: 3 x 1 bedroom flats and 1 x 2 bed flat within Red Sandstone Located within the popular village of Newmilns. Potential rental- £19,800p.a

*** FREEHOLD RESIDENTIAL PROPERTY *** Flat 66a Vacant Flat 66b Vacant Flat 66c Vacant Flat 66d Vacant Potential combined rental income of £1,650pcm (£19,800 per annum).

HIGH DEMAND RENTAL LOCATION WITH REALISTIC RENTAL POTENTIAL OF £450pcm (£5,400 per annum)- for the 2 bed property and £400pcm (£4,800 per annum)- total £14,400 for the 1 beds.

Popular rental location owing to close proximity to Kilmarnock, Irvine and Ayr. Access to the M77 road network in around 10 minutes giving a direct route to Glasgow City Centre and south to Ayr.

Newmilns is a small village situated parallel to the River Irvine 25 miles south of Glasgow and 7 miles east of Kilmarnock. the A76 which passes through the village and connects to A77 and A71.

Full Building Sale. Lot Comprises: 3 x 1 bedroom flats and 1 x 2 bed flat within Red Sandstone END TERRACED BUILDING. Located within the popular village of Newmilns. Potential rental- £19,800 per year *** FREEHOLD RESIDENTIAL PROPERTY *** Flat 66a Vacant Flat 66b Vacant Flat 66c Vacant Flat 66d Vacant MASSIVE POTENTIAL YIELD ****Potential combined rental income of £1,650pcm (£19,800 per annum)**** Based on Local authority housing rates. HIGH DEMAND RENTAL LOCATION WITH REALISTIC RENTAL POTENTIAL OF £450pcm (£5,400 per annum)- for the 2 bed property and £400pcm (£4,800 per annum)- total £14,400 for the 1 beds. Popular rental location owing to close proximity to Kilmarnock, Irvine and Ayr. Access to the M77 road network in around 10 minutes giving a direct route to Glasgow City Centre and south to Ayr. Newmilns is a small village situated parallel to the River Irvine 25 miles south of Glasgow and 7 miles east of Kilmarnock. the A76 which passes through the village and connects to A77 and A71.

The property is well positioned for easy access to Glasgow via the M77 (about 25 miles) and to Ayr (16 miles). Transport links within the area are excellent with a regular train service to Glasgow from Kilmarnock (7 miles) while Prestwick Airport is about 13 miles away. Newmilns has both primary and secondary schooling available nearby. Private schooling is available at Wellington in Ayr and Belmont, Newton Mearns (14 miles). Kilmarnock has a wider range of amenities including restaurants, theatre, hospital, cinema and sports complex. The surrounding rolling countryside of the Irvine Valley offers a network of country lanes, ideal for walking, cycling and hacking. The popular Burn Anne Walk is a pleasant 5 mile circuit adjacent to the property. There are many opportunities for field sports in the area and some of southwest Scotland's finest salmon and trout fishing is available in the area's lochs and rivers. Ayrshire is renowned for its numerous golf courses including the world famous Turnberry, Prestwick and Royal Troon. The Loudon Golf Club is located just outside the neighbouring village of Galston and the world class ‘19’ hole golf course designed by Colin Montgomerie at Rowallan Castle, is 10 miles away in Kilmaurs. There are first class yachting facilities at the marinas of Ardrossan, Largs, Inverkip and Troon. Nearby Dumfries House offers excellent walks, gardens, a café and restaurant.

Full Address:  Loudoun Road, Portfolio of 4 Flats, Newmilns, KA16 9HF

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Pricing Information & Bidding

Opening Bid: £99,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Buy Now Price = £130,000

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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