OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 83 Main Street, Flat 1, Ayr, KA8 8BU

IMMEDIATE INCOME PRODUCING INVESTMENT. Well-presented FIRST FLOOR, 2 bedroom property located in the popular seaside town of Ayr with settled long-term tenant paying 500pcm (6,000 per annum).

Fully refurbished property is presented in excellent order throughout. Comprises Entrance Hallway, Lounge with internal kitchen, Modern Shower Room and 2 Double Bedrooms. EXCELLENT LOCATION.

SUPER RETURN ON INVESTMENT with settled long-term tenant paying 500pcm (6,000 per annum). Excellent payment history with all payments up to date. Super rental location close to town centre and beach.

Property Benefits from Secure Entry System, Well-maintained Communal Areas and drying area to the Rear. Recently Undergone an Internal Refurbishment while Retaining a Number of Traditional Features

Ideally located close to train station, bus station, retail park and town centre. Walking distance from Ayr Beach and all major amenities including supermarkets, schooling and modern shopping centre.

IMMEDIATE INCOME PRODUCING INVESTMENT. Well-presented 2 bedroom property located in the popular seaside town of Ayr with settled long-term tenant paying 500pcm (6,000 per annum). Fully refurbished property is presented in excellent order throughout. Comprises Entrance Hallway, Lounge with internal kitchen, Modern Shower Room and 2 Double Bedrooms. EXCELLENT LOCATION. SUPER RETURN ON INVESTMENT with settled long-term tenant paying 500pcm (6,000 per annum). Excellent payment history with all payments up to date. Super rental location close to town centre and beach. Property Benefits from Secure Entry System, Well-maintained Communal Areas and drying area to the Rear. Recently Undergone an Internal Refurbishment while Retaining a Number of Traditional Features. Ideally located close to train station, bus station, retail park and town centre. Walking distance from Ayr Beach and all major amenities including supermarkets, schooling and modern shopping centre.

Ayr is the principle town within the Ayrshire region and has a population of around 50,000 persons. The town lies adjacent to the A/M77 offering direct road access north to Glasgow (32 miles). Ayr has two railway stations offering regular services to Glasgow and Stranraer with Newton on Ayr a short walk from the subject properties. There are good shopping, sporting and educational facilities nearby including the University of West Scotland.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 5,000 per year / 417 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £48,000

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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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