This property is being sold as part of a portfolio with 134 Main Street, Auchinleck KA18 2AG.

Going under the hammer, this three bed flat offers an excellent opportunity for investors and developers seeking a buy-to-let project, in an area with strong rental demand. The property offers spacious accommodation and would benefit from a programme of upgrading and modernisation, providing an ideal opportunity to add value. Once refurbished, the property has the potential to generate an attractive rental return. Accommodation comprises entrance hallway, lounge, kitchen, three bedrooms and shower room. Local Housing Allowance for a three-bedroom property in the area is approximately £6,760 per annum, providing an indication of achievable rental levels (subject to tenancy and condition), with potential for higher returns in the strong local rental market.

Tenure

Freehold

Area

The property is located in the town of New Cumnock in East Ayrshire. The town offers a range of local amenities including shops, schools and community facilities. Nearby Cumnock provides further amenities including supermarkets, retail outlets and leisure facilities. The area benefits from road links via the A76, providing access to Kilmarnock, Ayr and surrounding Ayrshire towns.

Local Authority

East Ayrshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.