OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

Bidding Closes in

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

Description

Full Address: 43 West Main Street, G1, Darvel, KA17 0EB

Investment Opportunity. Large 2 bedroom flat located in popular rental locale. Tenant in situ since November 2020. Property is professionally managed with all certs in place. ** HOME REPORT 42,000***

Sure to appeal to Buy To Let Investors looking for a high yielding investment. Would make a great addition to investors buy to let portfolio. ***GREAT CAPITAL GROWTH POTENTIAL ***

Local Sales Evidence; 12/1, West Donington Street, Darvel, KA17 0AP (2 bed) SOLD for 53,000 in March 2021*** 109, West Main Street, Darvel, KA17 0HA (2 bed) SOLD for 52,500 in Aug 2020***

The accommodation comprises of: entrance hall, living room/kitchen, two bedrooms and bathroom. Excellent Yield. CURRENTLY RENTED AT 325 pcm, which provides 3,900 per annum.

EXTREMELY POPULAR RENTAL LOCATION ideal for commuters with easy access to Kilmarnock and Glasgow via the nearby M77.

Investment Opportunity. Large 2 bedroom flat located in popular rental locale. Tenant in situ since November 2020. Property is professionally managed with all certs in place. ** HOME REPORT 42,000*** The accommodation comprises of: entrance hall, living room/kitchen, two bedrooms and bathroom. Excellent Yield Property achieves a monthly rental of 325 which equates to 3,900 per annum. If achieved for opening bid this would provide a fantastic yield of over 16%. Sure to appeal to Buy To Let Investors looking for a high yielding investment. Would make a great addition to investors buy to let portfolio. ***GREAT CAPITAL GROWTH POTENTIAL *** EXTREMELY POPULAR RENTAL LOCATION ideal for commuters with easy access to Kilmarnock and Glasgow via the nearby M77. Local Sales Evidence; 12/1, West Donington Street, Darvel, KA17 0AP (2 bed) SOLD for 53,000 in March 2021*** 109, West Main Street, Darvel, KA17 0HA (2 bed) SOLD for 52,500 in Aug 2020***

The property is situated in an established residential area in the centre of Darvel where surrounding properties are of a variety of types, some being similar. Local amenities are available within convenient walking distance from the property. Darvel is a popular residence for health professionals at Crosshouse Hospital. Also, the birthplace of Alexander Fleming it is located on the A71 which runs between Irvine & Edinburgh. There are excellent road links with Newmilns offering easy access to both the M77 and the M74 Motorway via Stonehouse and Strathaven. Close proximities to Co-op Food supermarket, Ladbrokes, Darvel Primary School, Newmilns Snow & Sports Complex and much more - Close to Ayr, Kilmarnock, Prestwick and Strathaven

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: 3,900 per year / 325 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Tenant in situ since November 2020. Property is professionally managed with all certs in place

Document Downloads

HOME REPORT AVAILABLE - Download Now LEGAL PACK AVAILABLE - Download Now

Location

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).

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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.

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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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