NEW DEADLINE FOR OFFERS - Friday 28th June 2019 at 5pm - Submit Bid Now >>
EXCELLENT SIZED ONE BEDROOM TENANTED FLAT WITHIN DESIRABLE RESIDENTIAL POCKET OF NEWMILNS. The property on offer is currently tenanted at £275 p/m - £3,300 PER ANNUM offering a generous yield of 12%.
- Comprises - Entrance hallway, living room, kitchen, double bedroom and bathroom *** TENANT HAS BEEN IN PROPERTY FOR FIVE YEARS WITH ALL PAYMENT FULLY UP TO DATE *** Professionally Managed Property
- Excellent landlord investment to secure a well maintained flat close the town centre, Primary School, Snow and Sports Complex, Loudoun Golf Club , Loudoun Academy & Tesco supermarket
- SALES EVIDENCE - 52-54, Nelson Street, Newmilns, KA16 9AP £60,000. 23, Nelson Street, Newmilns, KA16 9AP - £42,000. 30, Riverbank Street, Newmilns, KA16 9HL - £42,000 --- NEW TO MARKET AT LOW PRICE
- Newmilns is a small burgh in East Ayrshire. It has a population of 3,057 people and lies on the A71 around seven miles east of Kilmarnock and 25 miles Southwest of Glasgow. EPC Rating - Band E
Freehold- Outright ownership of the property and land on which it stands.
Tenanted- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
|Type of Agreement||Private Residential Tenancy (PRT)|
|Rent||£3,300 per year / £275 per month|
|Yield||15.0% (at guide price)|
|Notes:||TENANT HAS BEEN IN PROPERTY FOR FIVE YEARS WITH ALL PAYMENT FULLY UP TO DATE|
Full Details:EXCELLENT SIZED ONE BEDROOM TENANTED FLAT WITHIN DESIRABLE RESIDENTIAL POCKET OF NEWMILNS. The property on offer is currently tenanted at £3,420 PER ANNUM offering a generous yield of 12%. SALE: 52-54, Nelson Street, Newmilns, KA16 9AP - £60,000. Property comprises - Entrance hallway, Livingroom, Kitchen, Bedroom, Bathroom and generous storage space - LONG TERM TENANT THAT BEEN IN PROPERTY FOR FIVE YEARS WITH ALL PAYMENTS FULLY UP TO DATE - Professionally managed property - Excellent landlord investment to secure a well maintained flat close the town centre - Close proximities (Newmilns Primary School , Newmilns Snow & Sports Complex, Loudoun Gowf Club, Loudoun Academy, Tesco Superstore and much more). SALES EVIDENCE - 52-54, Nelson Street, Newmilns, Ayr KA16 9AP - £60,000 - 23, Nelson Street, Newmilns, Ayrshire KA16 9AP £42,000 - 45, Loudoun Road, Newmilns, KA16 9HJ - £54,500 - 30, Riverbank Street, Newmilns, Ayrshire KA16 9HL - £42,000. EPC Band E.
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Bid Now Explained...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.
Map & Location:
Newmilns and Greenholm is a small burgh in East Ayrshire, Scotland. It has a population of 3,057 people and lies on the A71, around seven miles east of Kilmarnock and twenty-five miles southwest of Glasgow. Newmilns, is set in the Irvine Valley, East Ayrshire and this wonderful building sits solidly by the river Irvine. Newmilns, is only 7 miles east of Kilmarnock on the A71, 19 miles north of Ayr and 24 miles south of Glasgow, therefore it is a reasonable commute address for these areas
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
30 July 2019
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...