£139,995 Guide Price

The Avenue, Girvan, Ayrshire South, KA26 9DS

7 bedroom townhouse for sale

 
View Previous Selling Prices
Selling Date Selling Price Value change
1 April 2004 £119,000 N/A

Sold house price data is supplied to us by the Registers of Scotland, a government department responsible for compiling and maintaining property registers, every month. There can be a delay of up to 3 months from when a property is sold to being recorded with Registers of Scotland. We provide house price data for your information only, we do not accept any liability for any errors. If you have noticed any incorrect information, please contact Registers of Scotland.

Property Details

We are delighted to offer to auction this fully tenanted HMO opportunity, enjoying an excellent central, yet quiet, location in Scotland’s Ayrshire seaside town of Girvan. It is situated in The Avenue, which is regarded as Girvan’s most prestigious address. The property comes to market for the first time in close to 20 years, offering a rare, immediate cash generative investment opportunity.

A traditional semi-detached townhouse, the property offers spacious and well-presented accommodation comprising on the ground floor, large front facing lounge, dining kitchen, two bedrooms and utility room. The first floor offers five bedrooms, shower room, additional shower cubicle and WC. The property further offers gas central heating, double glazing, etc. A rear walled patio/garden area features a large outhouse/store and shed with gate giving access to front.

The property is currently licensed as a five tenant HMO and we understand that the licence can be extended to allow two further tenants on completion of minor works, which consist of adding to kitchen facilities. Rental income from five long-term tenants in residence is currently £16,800 per annum. This equates to an attractive rental yield of 12% at Guide Price. This rises to 16.8%, based on £23,520 per annum income after completion of kitchen works and approval of the revised HMO licence.

A unique further benefit of this particular HMO property is that one of the long-term tenants also assumes the role of manager to ensure the property is maintained to an excellent standard and all utility costs (except council tax) are paid and fairly apportioned amongst tenants.

NB Excellent cash generative HMO properties are rarely available and with the added benefit of long-term tenants in situ, this property will attract strong interest from investors seeking secure, immediate rental income with potential for adding further to this.

Early viewing is recommended to fully appreciate the outstanding value on offer.



Area:

Girvan is a popular seaside town and enjoys a picturesque location on Scotland’s Ayrshire coast. The area is a consistent magnet for tourists looking to enjoy a variety of outdoor pursuits; superb coastal and inland country walks, fishing, sailing, etc. Nearby, also, are two world famous championship golf links - Turnberry (5 miles), just a 9 minute drive from the property and Royal Troon (28 miles) plus other fine golf courses. The town itself offers a full range of retail, leisure and education facilities and transport needs are met by a mainline train station and close proximity to the A77.



PURCHASERS NOTES

Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading, please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.

• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.

• All measurements, distances and acres are approximate.

• Fixtures, fittings and other items are not included unless specified in these details.

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This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.

If a property value displays '0', don't worry it just means no properties have been sold in that area during that time.

Source acknowledgement: Contains data compiled by Registers of Scotland. For further information, please contact data@ros.gov.uk.

Registers of Scotland is a government body responsible for compiling and maintaining property registers. There can be a delay of up to 3 months from when a property is sold to being recorded with Registers of Scotland. We provide house price data for your information only, we do not accept any liability for any errors.

If you have noticed any incorrect information, please contact info@s1now.com.

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Property History

  • Property added on 24 February 2021
  • New price Guide Price £139,995 as of 18 December 2021
    Was: Guide Price £175,000
  • New price Guide Price £175,000 as of 11 August 2021
    Was: Guide Price £150,000
  • New price Guide Price £150,000 as of 5 May 2021
    Was: Guide Price £164,995
  • New price Guide Price £164,995 as of 26 March 2021
    Was: Guide Price £175,000
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