Auction House / Scotland
  • For Sale By Unconditional Online Auction
  • Guide Price* : £49,500
  • Auction Ended 01/08/2023
  • Lot 55

25 Winton Avenue, Kilwinning, Ayrshire, KA13 6LA

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Location

Kilwinning is a bustling Ayrshire town with a selection of local and town centre amenities including shops, supermarkets, Primary and Secondary schooling. Public transport gives regular links with bus and rail service offering access into surrounding towns and into Glasgow if required.

Description

Two bedroom cottage flat.

New to auction is this spacious two bedroom lower cottage flat in Winton Avenue, approximately one mile from Kilwinning town centre, North Ayrshire. Tenants in situ (of five years) offer immediate rental income of £375pcm/£4,500pa which equates to 9% rental yield at Guide Price. Current legislation allows for a 3% rent increase, with market rental comparables suggesting a higher level of income would be available if the property became vacant. The property is currently under management with a local letting agent. In brief, the accommodation comprises spacious front facing lounge, two double bedrooms, kitchen and shower room. The property benefits from gas central heating, double glazing and shared garden area to rear. Rental income from day one, allied with a near 15% discount against the Home Report value of £58,000, makes this a perfect addition to an existing buy to let portfolio. Early viewing is essential.

Comparables:
11 Winton Avenue: Sold for £58,000 08/22
17 Winton Avenue: Sold for £60,500 04/22

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

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.

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* Guide | £49,500
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

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Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.