BIDDING OPENS in...

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Portfolio of 5 lock up secure garages. Four of the garages are currently occupied and let out at £40 per month each. Net Rental £1,920 per annum - FULL RENTAL circa £14,400. Full Ownership - Freehold.

Single storey row of 5 detached self contained lock up garages. Perfect for an investor looking for a quick purchase and investment return portfolio. Located just off the main road with easy access.

Portfolio of Five Garages with owner option for storage or rental review. All garages have secure up and over doors. The A70 and A76 trunk roads provide road connections to Kilmarnock and Ayr.

Perfect for investment - Established residential area of New Cumnock. The property is found within the village of New Cumnock which itself offers a selection of amenities.

New Cumnock has a selection of amenities all within easy reach and additional everyday amenities, including shops and supermarkets are available a short distance away in the larger town of Cumnock.

Portfolio of 5 lock up secure garages. Four of the garages are currently occupied and let out at £40 per month each. Net Rental £1,920 per annum - FULL RENTAL circa £14,400. Full Ownership - Freehold Sale. Single storey row of 5 detached self contained lock up garages. Perfect for an investor looking for a quick purchase and investment return portfolio. Located just off the main road with easy access. Portfolio of Five Garages with owner option for storage or rental review. All garages have secure up and over doors. The A70 and A76 trunk roads provide road connections to Kilmarnock and Ayr.

Cumnock offers a wide range of facilities including primary schooling, supported learning centre and secondary schooling, medical practice and local shops. The refurbished New Cumnock outdoor swimming pool (The Tamar Manoukian Pool) is open for the community to enjoy. There are excellent transport links in the area with a regular train service to Glasgow from New Cumnock and Ayr (17.5 miles).

Full Address: 86 Castle, Garages 1-5, New Cumnock, Ayrshire, KA18 4AN

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Basic Lease
Length: Annual
Rent: £1,920 per year / £160 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Four of the garages are currently occupied and let out on basic lease agreements at £40 per month each. Net Rental £1,920 per annum

Document Downloads

(Available)   Legal Docs (Pending)

* 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.

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £18,000

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

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* 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.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Buy Now Price = £25,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £25,000 - CLICK HERE

Auction Details

Date & Time: 09 April 2026, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue