Property description

For sale by online auction Thursday 2nd June at 9.00AM. Tenanted two bedroom property in central Kilmarnock. Current rental income is £450pcm, providing a yield of 12% at Guide Price. Ideal turnkey investment opportunity.

The property is a main door flat with entrance to the rear of the building and an open car park for residents. The entrance leads straight into the living room, which has an adjoining kitchen and a second door which opens into the property's hallway. There are two double bedrooms and a bathroom leading from the hallway. There is a vestibule area which has been used as storage. The flat is in good condition throughout and benefits from gas central heating.

Nearby Sales include:
Two Bedroom Flat, East Woodstock Street - Sold for £75,000 Aug 21
Two Bedroom Flat, Woodstock Street - Sold for £65,000 Sep 19
Two Bedroom Flat, Fullerton Street - Sold for £65,000 Jan 22

Kilmarnock is the administrative district for East Ayrshire and is one of Scotland's most populated districts. The town is well serviced with primary, secondary & further education facilities. Transport links are fantastic with Train Station & The upgraded M77 Motorway linking both Glasgow City Centre & Prestwick International Airport with the local areas making Kilmarnock a popular commuter district. The town has a population of roughly 46,770 with a strong tenant base. With the nearby Kilmarnock campus of Ayrshire College and the University of the West of Scotland in the neighbouring town of Ayr, there will be plenty of students looking for accommodation.

The property is a short walk from Kilmarnock train station, and has a wide range of amenities on the doorstep, including a Morrisons Supermarket directly across the road. Excellent opportunity for 1st Time Buyers and Investors to purchase an affordable and sizable property with a long-term sitting tenant.

To view legal documents relating to this property please visit our website.

Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.