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Description

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

*IMMEDIATE INCOME PRODUCING INVESTMENT* Portfolio of 2 tenanted properties located in the same building- at 29 High Street in the historic town of Maybole. Combined rental income of £9,600 per annum.

Super investment opportunity with both flats let to long-term tenants paying £400pcm per flat- total rental of £800pcm (£9,600 per annum) excellent return on investment. PERFECT PORTFOLIO ADDITION

The portfolio comprises 29B High Street and 29D High Street, Maybole within well-maintained, traditional town centre residential building. EXTREMELY POPULAR RENTAL LOCATION close to major amenities.

The historic town of Maybole is an extremely popular buy-to-let destination owing to excellent links to Ayr, Glasgow and to the Ayrshire Coast. Only 5 minutes' walk from Train Station and schooling.

Located close to the famous Culzean Castle Country Park while within the centre of the town of Maybole. Close to major transport links, amenities and a number of Golf Courses including Turnberry

*IMMEDIATE INCOME PRODUCING INVESTMENT* Portfolio of 2 tenanted properties located in the same building- at 29 High Street in the historic town of Maybole. Combined rental income of £9,600 per annum. Super investment opportunity with both flats let to long-term tenants paying £400pcm per flat- total rental of £800pcm (£9,600 per annum) excellent return on investment. PERFECT PORTFOLIO ADDITION. The portfolio comprises 29B High Street and 29D High Street, Maybole within well-maintained, traditional town centre residential building. EXTREMELY POPULAR RENTAL LOCATION close to major amenities. The historic town of Maybole is an extremely popular buy-to-let destination owing to excellent links to Ayr, Glasgow and to the Ayrshire Coast. Only 5 minutes' walk from Train Station and schooling. Located close to the famous Culzean Castle Country Park while within the centre of the town of Maybole. Close to major transport links, amenities and a number of Golf Courses including Turnberry

This property is located within Maybole town centre with the railway station only a short walk away. Maybole town centre offers a range of daily amenities including local schooling, retail amenities, a petrol station and Royal Mail Post Office. Maybole lies astride the A77 approximately 9 miles south from Ayr, and 50 miles southwest of Glasgow. With amenities available locally throughout and on the busy high street, and a wider range of facilities available in Ayr, the town is well connected by road, bus and rail links. Schooling is well-provided for by three primary schools, with secondary education at Carrick Academy.

Full Address:  Portfolio of 2 Flats, High Street, Maybole, Ayrshire, KA19 7AB

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: £9,600 per year / £800 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £52,000

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 = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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