Studio for sale

25 St. Germain Street, Catrine, Mauchline, East Ayrshire KA5

Tenanted one bedroom flat in the quiet rural ayrshire town of Catrine. Tenant currently paying £249 per month with scope to increase to meet local average of £350-£400 per month.

The flat consists of a large double bedroom, a kitchenette, bathroom and large living room area. The flat is located on St Germain street which is the main street running through the town centre. The town of Catrine is a small village which sits directly between the major Ayrshire towns of Kilmarnock and Cumnock. Local amenities are plentiful including, shops, cafe's pubs and local community centre. The village is a popular commuter town sitting only 10 minutes off of the M77 which gives direct access to Glasgow.

The current tenant is paying £249 per month but with the average local rent being £350-£400pcm there is plenty of scope to increase this. After the increase this could amount to a potential yield of 18-20%!

Local sales for similar properties include 29c St Cuthberts street - £31,00,30a St Cuthberts Street - £35,00,31d St Cuthberts street - £35,000.

This lot will be sold under auction terms and conditions by Braveheart Auctions.

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