Upper cottage flat We are delighted to offer to auction this well-presented and spacious upper cottage flat in the East Ayrshire town of Darvel. The generous accommodation comprises large front facing lounge, two double bedrooms (master with fitted wardrobes), spacious kitchen with wall and base units, and shower room with modern suite. Further benefits include gas central heating, double glazing and large rear garden with decked area and “man cave”. The Guide Price offers a fantastic 30% discount on Home Report valuation of £50,000 and represents an ideal addition (or first purchase) to a rental portfolio. Current rental value at LHA rate is £5,086pa giving a potential rental yield of over 14% and due to current market demand could possibly attract a higher rental income. Early viewing is essential to fully appreciate the outstanding value on offer. Comparables 39 West Edith Street, Sold For, £50,000, 06/23 42 West Edith Street, Sold For, £48,000, 04/23

Location

The former textile town of Darvel lies within the Irvine Valley in East Ayrshire. The town offers a range of leisure and retail facilities with a wider range available in Kilmarnock lying approx. ten miles to the west. Regular public transport is available and the A71 runs from Irvine in the west to Edinburgh in the east. The town of Ayr is within easy reach, with Glasgow city and both Glasgow and Prestwick airports also readily accessible.

Additional Fees

Administration Charge - A non-refundable charge of 3.6% including VAT subject to a minimum fee of £3,600.00 including VAT payable on the fall of the Virtual Gavel.

Disbursements - Please see Legal Pack for any Disbursements.

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