Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
Here is the roundup of the best residential and commercial property auction deals in Scotland for April.
We’ve chosen the best lots that range in price, condition and size in the area. These properties offer the best investment value for buyers.
This one-bedroom investment flat is situated on the north side of Glasgow in a high tenant-demand area, an ideal purchase for anyone looking for a rental property. It requires modernisation and is a renovation project. The property is near a variety of amenities, including shops, cafes, and transport links. It has the potential for a high rental income and offers a guide price that offers a yield of 12%.
The property’s location in Springburn also offers easy access to the M77 and M8 motorways and it’s close to the hospital with potential rental opportunities for doctors and nurses. The flat offers a good sized living room, a kitchen, a bathroom and a bedroom.
The lot is on sale by Online Property Auctions Scotland on the 27th of April 2023 with a Guide Price of £58,000.
This 2 bedroom ground floor flat is situated in the modern complex of Sinclair Place, Edinburgh. The complex consists of new build flats with parking and a communal bicycle store. The flat comprises a lounge, a kitchen with ample storage space, 2 double bedrooms with built-in wardrobes, and a bathroom. There is a garden area next to the block that residents can enjoy.
While the property requires a full cosmetic uplift, it has the potential to be a buy-to-let opportunity. The location of the flat provides easy access to numerous retail and entertainment outlets, as well as good transport links to the centre of Edinburgh.
The lot will be brought to auction by Town and County Scotland on 27th April 2023 with a Guide Price of £180,000 plus fees.
This spacious five-bedroom detached traditional family home is situated in the town of Castle Douglas (in Dumfries & Galloway). With a large living room, fitted kitchen/dining room, two ground-floor bedrooms, and a family bathroom WC, the upstairs boasts three bedrooms and a family bathroom.
Externally, the property benefits from fully enclosed gardens around the house and ample parking space available to the front. The guest house requires modernisation and it offers the potential to add value or to rent out at a good monthly income.
The lot will be brought to auction by iamsold on 27th April 2023 with an Opening Bid of £190,000.
This well-presented three-bedroom terraced house is situated in the village of Patna in the town of Ayr (South Ayrshire). An ideal opportunity for Buy-to-Let investors, the property is spacious and is located in a residential area of the village, with nearby access to supermarkets and the primary school.
This property presents an attractive rental yield of 13% based on the guide price. Located just 10 miles from the large coastal town of Ayr, Patna is accessible via the A713 trunk road. The ground floor offers a living room, kitchen and bathroom while the upstairs offers three bedrooms.
The lot will be brought to auction by Online Property Auctions Scotland with the Bidding Opening on 20th April 2023 with an Opening Bid of £60,000.
This one-bedroom flat in Alexandria, Dunbartonshire is situated in a residential area with high tenant demand with a potential yield of 9% at the guide price. The flat comprises a living room, kitchen, bedroom, and bathroom.
The property benefits from its location in a sought-after residential area that offers a wide range of amenities, including shops, cafes, supermarkets, and bars. It is also conveniently located near the A82 and the property is three miles north of Dumbarton and 15 miles northwest of Glasgow. It is also near the stunning Loch Lomond shores and Dumbarton Castle.
The lot will be brought to auction by Online Property Auctions Scotland on 20th April 2023 with a Guide Price of £49,000.
This newly renovated commercial property is now available to the market. The detached brick-built premises is located in the popular residential area of Springburn in the north of Glasgow. This property offers potential for various business models. With main road access and on-street parking, the premises could be used for a shop, salon, or hot food takeaway subject to consent.
The area boasts several local amenities, including Broomfield Park, Springburn Leisure Centre, Springburn train station, and Stobhill Hospital. This means that the property has the potential for regular footfall from both residents and workers in the area.
The lot will be brought to auction by Town and County Scotland on 27th April 2023 with a Guide Price of £28,000.
The Main Building of Nithbank Hospital, a three-storey iconic structure constructed between 1875 and 1895, presents a development opportunity for investors. This B Listed building has functioned as a hospital for over 100 years and could be converted for commercial or residential use, subject to obtaining necessary planning permissions.
Located in the town of Dumfries, the largest town in South West Scotland, the Main Building of Nithbank Hospital is situated along the scenic banks of the River Nith. The area has a rich history, with Dumfries having been a Royal Burgh since 1186.
The lot will be brought to auction by SDL Auctions on 27th April 2023 with a Guide Price of £250,000 plus fees.
This substantial commercial property is located in the long-established industrial and commercial area of Peterhead, Aberdeenshire, situated close to the town centre. The property offers potential for various uses, particularly as office space. The building comprises of five partitioned offices, with a central corridor providing access to all the rooms.
The property boasts 1,456 square feet of space and it is located within proximity to the town centre, which hosts a variety of shops, cafes, and bars.
The lot will be brought to auction by Online Property Auctions Scotland (a regulated auctioneer) on 20th April 2023 with a Guide Price of £90,000 plus fees.
This impressive and iconic former hotel building is located in Glenfarg. With planning permission in place, the building can be converted into 12 luxury apartments, with an estimated Gross Development Value exceeding £2.4m. Alternatively, the building could be renovated and transformed into a boutique hotel.
The building spans over four storeys and an attic, with accommodation spread over five levels. The current layout consists of 16 en-suite bedrooms, two bars, a restaurant, a function suite, a kitchen, a four-bedroom owner’s accommodation, two offices, a cellar, and store rooms. Externally, there are garden areas and a private car park to the rear. Glenfarg is a small town in the Perthshire countryside nestled between Kinross, a 15-minute commute, and Perth, a 20-minute journey.
The lot will be brought to auction by SDL Property Auctions on 27th April 2023 with a Guide Price of £195,000.
An ideal investment opportunity, The Bear’s Den is a fully functional restaurant and takeaway business located in the heart of Brora, occupying a prime trading location. The property has been completely refurbished to a high standard and boasts modern décor throughout. The business has received multiple excellent reviews and has strong weekly sales and a customer base.
The fully licensed restaurant can accommodate 24 covers in the spacious dining area with room for expansion. There is a drinks servery on one side and male and female toilets on the other. The well-equipped commercial kitchen offers ample preparation, cooking and washing space. Other features include a large storeroom and a side entrance for staff and deliveries. The Bear’s Den also benefits from having a large private car park.
The lot will be brought to auction by Online Property Auctions Scotland on 20th April 2023 with a Guide Price of £170,000.
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