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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

IMMEDIATE INCOME PRODUCING INVESTMENT. 1 bedroom, FIRST FLOOR, tenanted property located in the historic Ayrshire village of Catrine. Tenant paying low rent at £249pcm (£2,988 per annum). Freehold.

REALISTIC POTENTIAL RENTAL OF UP TO £400pcm (£4,800 per annum) giving exceptional return on investment. Capital growth potential and super potential rental income. PERFECT INVESTMENT OPPORTUNITY.

*** 1-3 St Germain Street, Catrine, Kilmarnock, Ayrshire KA5 6RG sold for £42,000 December 2018, 5, St. Germain Street, Catrine, Mauchline, Ayr KA5 6RG sold for £48,500 September 2017 ***

Property Benefits from Shared garden grounds to the rear within recently refurbished property. Popular rental location with HIGH RENTAL DEMAND and potentially high yield.

The historic village of Catrine is located in East Ayrshire and lies approximately 1 miles outside the larger town of Mauchline. Easy access to Kilmarnock, Ayr and Glasgow via M77 and access to M74.

IMMEDIATE INCOME PRODUCING INVESTMENT. 1 bedroom, FIRST FLOOR, tenanted property located in the historic Ayrshire village of Catrine. Tenant paying low rent at £249pcm (£2,988 per annum). Freehold. REALISTIC POTENTIAL RENTAL OF UP TO £400pcm (£4,800 per annum) giving exceptional return on investment. Capital growth potential and super potential rental income. PERFECT INVESTMENT OPPORTUNITY. *** 1-3 St Germain Street, Catrine, Kilmarnock, Ayrshire KA5 6RG sold for £42,000 December 2018, 5, St. Germain Street, Catrine, Mauchline, Ayr KA5 6RG sold for £48,500 September 2017 *** Property Benefits from Shared garden grounds to the rear within recently refurbished property. Popular rental location with HIGH RENTAL DEMAND and potentially high yield. The historic village of Catrine is located in East Ayrshire and lies approximately 1 miles outside the larger town of Mauchline. Easy access to Kilmarnock, Ayr and Glasgow via M77 and access to M74.

The village of Catrine offers a range of amenities including general stores, nursery and primary schooling. Secondary schooling is available in Cumnock and rail links are available in the neighbouring village of Auchinleck. This property is located in an area made up of a mixture of residential and commercial properties within the East Ayrshire Village of Catrine. The Village of Catrine is located around 5 miles from the major town of Mauchline and around 3.5 miles from Auchinleck where you'll be able to find a train station. Catrine also benefits from great transport links such as the A76 which will connect you to Glasgow in less than an hour.

Full Address: 25 St Germain Street, Flat 1-1, Catrine, Ayrshire, KA5 6RG

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: £2,988 per year / £249 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: tenancy unverified by auctioneer

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Pricing Information & Bidding

Opening Bid: £20,000

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: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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