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Studio flat for sale
3 Nelson Street, Tenanted Investment, Newmilns
£23,500
3 Nelson Street, Tenanted Investment, Newmilns
£23,500
Price History
Initial price | £26,000 |
15/08/25 | £24,500 |
22/08/25 | £25,000 |
30/08/25 | £24,500 |
05/09/25 | £26,000 |
13/09/25 | £22,500 |
19/09/25 | £26,000 |
27/09/25 | £23,500 |
Price Change | -9.62% |
Description
This income-producing investment property is a one-bedroom, freehold flat located in the commuter town of Newmilns, offering excellent access to major cities and transportation hubs. The property is currently tenanted, with a settled long-term tenant paying £399 per month, providing a potential yield of over 16%. The rent is below the local market rate, making it an attractive investment opportunity for landlords and investors. The property is situated in a popular rental location, with easy access to Kilmarnock, Glasgow, Ayr, and Prestwick Airport, making it an ideal investment for those looking for a low-cost, high-return investment. The property will be sold under auction terms and conditions, with pre-auction offers being considered.