Timed Online Auction

23 September 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address: 59 Loudoun Road, Flat 1-2, Newmilns, KA16 9HJ

*TENANTED INVESTMENT PROPERTY* Refurbished one Bedroom flat located in the popular Ayrshire town of Newmilns. High yielding buy-to-let property with current rental income of 340pcm (4,080 per annum) with settled long-term tenant.

IDEAL INVESTMENT PROPERTY - Comprising entrance hallway, lounge, kitchen, bathroom and double bedroom. Enhanced by Gas Central Heating with combi boiler and ideal location close to amenities

currently tenanted at 4,080 per annum (340pcm) *** HIGH DEMAND RENTAL LOCATION with strong commuter population. Access to Glasgow in approx. 30 minutes. Close to Kilmarnock, Ayr and Irvine.

CAPITAL GROWTH POTENTIAL SALES: 41 Loudoun Road, Newmilns, 77,000 (Jul 2018). 29 Loudoun Road, Newmilns, 75,000 (Sep 2019). 43, Loudoun Road, Newmilns, 71,000 (Dec 2018)

Newmilns has a number of amenities and offers easy access to both the M77 and the M74 network via Stonehouse and Strathaven. The newly upgraded M77 cuts journey time to Glasgow to 30 minutes

*TENANTED INVESTMENT PROPERTY* One Bedroom tenement flat located in the popular Ayrshire town of Newmilns. High yielding buy-to-let property with current rental income of 340pcm (4,080 per annum) with settled long-term tenant. IDEAL INVESTMENT PROPERTY - Comprising entrance hallway, lounge, kitchen, bathroom and double bedroom. Enhanced by Gas Central Heating with combi boiler and ideal location close to amenities. currently tenanted at 4,080 per annum (340pcm) *** HIGH DEMAND RENTAL LOCATION with strong commuter population. Access to Glasgow in approx. 30 minutes. Close to Kilmarnock, Ayr and Irvine. CAPITAL GROWTH POTENTIAL SALES: 41 Loudoun Road, Newmilns, 77,000 (Jul 2018). 29 Loudoun Road, Newmilns, 75,000 (Sep 2019). 43, Loudoun Road, Newmilns, 71,000 (Dec 2018) Newmilns has a number of amenities and offers easy access to both the M77 and the M74 network via Stonehouse and Strathaven. The newly upgraded M77 cuts journey time to Glasgow to 30 minutes

TOWN CENTRE LOCATION in Newmilns on the A71, around 7 miles east of Kilmarnock and 25 miles southwest of Glasgow. The locations is an ideal commuter location. Newmilns offers a wide range of local amenities including shops, takeaway outlets, doctors surgery, opticians, dentist surgery, hairdressing salons/beautician, solicitor and estate agency services, public houses and primary schooling

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 4,080 per year / 340 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: awaiting copy lease

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £27,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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