2 bedroom maisonette

Part of a portfolio of three properties
New to auction is this portfolio of three vacant properties in and around Cumnock, East Ayrshire. In brief, the properties comprise three bed/two public (four bed/one public) mid-terraced house in Walker Court Cumnock. One bed first floor flat, Atholl House, Townhead Street, Cumnock and a two bed maisonette flat Riverside Gardens, Cronberry (nr Cumnock). All of the properties require varying degrees of repair and refurbishment which offers an excellent opportunity for added value and ongoing strong rental returns. Cumulative LHA figures for the four properties offers a potential rental yield approaching an impressive 11% at Guide Price, although the currently strong rental market could produce even better levels of return. We expect strong levels of demand for this great opportunity, and early expression of interest is essential.

This two bedroom maisonette flat, over first and top floors, forms part of a rural residential development, set within attractive communal grounds in the small village of Cronberry, close to Cumnock, East Ayrshire. The first floor offers lounge, bedroom, kitchen and bathroom, with a large second bedroom on the upper level. Some degree of repair/refurbishment is required and, on completion of works, would represent a great rental or starter home. Council Tax Band: B.

The property is located in a central location in the private residential estate of Riverside Gardens, Cronberry, Local amenities are provided by the nearby town of Cumnock, which provides a range of amenities including shops, bars and restaurants, health centre, schools, leisure centre and indoor swimming pool.


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