Timed Online Auction

29 January 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 5
  • Council Tax Search SAA

Description

Full Address:  Portfolio of 4 Properties, West Main Street, Darvel, KA17 0HP

**PRIME INVESTMENT OPPORTUNITY** Portfolio of 4 properties located in the Main Street of the popular East Ayrshire town of Darvel. EXTREMELY POPULAR RENTAL LOCATION WITH CURRENT RENTAL INCOME OF 11,280 PER ANNUM (1 vacant)

G/2 40 East Main St Darvel KA17 0HP 3,840.00 G/2 41 West Main St Darvel- potential rent 3,900.00- Refurb ongoing G/1 43 West Main St Darvel- tenanted at 3,900.00 G/2 43 West Main St Darvel- tenanted at- 3,540.00

POTENTIAL ANNUAL RENTAL INCOME OF OVER 19,200 when fully occupied giving MASSIVE RETURN ON INVESTMENT within extremely popular rental location. Properties on low rents currently with potential for increase with HIGH RENTAL DEMAND

HIGH YIELDING INVESTMENT. Ideal purchase for savvy investor with all properties located within same street in the centre of town. Close to schooling, transport and local amenities.

EXTREMELY POPULAR RENTAL LOCATION ideal for commuters with easy access to Kilmarnock and Glasgow via the nearby M77. Located on the A71 trunk road linking Ayrshire to Edinburgh.

**PRIME INVESTMENT OPPORTUNITY** Portfolio of 4 properties located in the Main Street of the popular East Ayrshire town of Darvel. EXTREMELY POPULAR RENTAL LOCATION WITH CURRENT RENTAL INCOME OF 11,280 PER ANNUM (1 vacant) G/2 40 East Main St Darvel KA17 0HP 3,840.00 G/2 41 West Main St Darvel- potential rent 3,900.00- Refurb ongoing G/1 43 West Main St Darvel- tenanted at 3,900.00 G/2 43 West Main St Darvel- tenanted at- 3,540.00 POTENTIAL ANNUAL RENTAL INCOME OF OVER 19,200 when fully occupied giving MASSIVE RETUEN ON INVESTMENT within extremely popular rental location. Properties on low rents currently with potential for increase with HIGH RENTAL DEMAND HIGH YIELDING INVESTMENT. Ideal purchase for savvy investor with all properties located within same street in the centre of town. Close to schooling, transport and local amenities. EXTREMELY POPULAR RENTAL LOCATION ideal for commuters with easy access to Kilmarnock and Glasgow via the nearby M77. Located on the A71 trunk road linking Ayrshire to Edinburgh.

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: 11,280 per year / 940 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Professionally managed

Document Downloads

  LEGAL PACK (Pending)

Location

Pricing Information & Bidding

Opening Bid: £105,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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