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.
If you’re looking for a new property at the start of 2024, we have found some of the best residential and commercial properties across Scotland that vary in terms of size, location and price. These properties are being sold by auction in January 2024.
This portfolio comprises two one-bedroom flats in the sought-after Bellshill area of Glasgow. One of the flats is presently tenanted and features a hallway, a shower room with w/c, a fitted kitchen, and a spacious living room leading to a bedroom. Meanwhile, the second flat is currently vacant and undergoing refurbishment including a hallway with an adjoining bathroom, a hallway leading to a bedroom, a large living room, and a kitchen accessible from the living area.
Both flats require refurbishment but have the potential to achieve an end-market rental value of around £550pcm each. Situated in the town centre, close to amenities and recent comparable sales, Bellshill’s popularity and proximity to Glasgow make it an ideal location for investors or homeowners seeking a commuter-friendly base.
Online Property Auctions Scotland, a Modern Method of Auctioneer will bring the lot to auction on 25th January 2024 with a Guide Price of £79,998.
This ground-floor maisonette in Edinburgh is accessed at street level through its private entrance and features an open-plan lounge and a contemporary fitted kitchen. A staircase from the entrance hall leads to a lower hall, providing access to the double bedroom and dressing room area. The property encompasses a well-appointed shower room with a full cabinet, vanity basin, and WC.
The property also offers the convenience of on-street parking. A promising buy-to-let investment opportunity, this could potentially be leased at £1000 monthly rental income, making it an attractive proposition for investors.
The lot will be taken to auction by SDL Property Auctions on 31st January 2024 with a Guide Price of £128,000.
This superb residential investment opportunity is available in Montrose. This one-bedroom property, offered with vacant possession offers a compelling proposition for potential buyers. Situated within a small apartment block of six units, the flat boasts a bright and comfortable lounge, a compact kitchen and bathroom, and a bedroom.
Montrose, positioned in Angus, Scotland, serves as a town and former royal burgh. Located between the North and South Esk rivers, it stands as the northernmost coastal town in Angus, offering proximity to both Dundee and Aberdeen. This investment holds promise with a potential monthly rental value of £360, making it an attractive prospect for investors.
The lot will be taken to auction by Online Property Auctions Scotland on 25th January 2024 with a Guide Price of £35,000.
Nestled on the fifth floor of a modern and impressive development in Glasgow, this two-bedroom lateral apartment offers a living experience with lift access for added convenience. The property features a generously proportioned open-plan living/dining room seamlessly integrated with a fully fitted kitchen, separated by a breakfast bar.
Boasting two bedrooms, one with an en-suite, a master bathroom, and ample storage opportunities, this apartment combines comfort and functionality. Ideally situated at 350 Argyle Street, just outside Glasgow city centre, the location offers easy access to amenities including shopping centres, wine bars, and restaurants. Commuter convenience is enhanced with Anderston Rail a mere five-minute walk away.
The lot will be taken to auction by Modern Method of Auctioneer BidX1 Auctions on 25th January 2024 with a Guide Price of £150,000.
This expansive commercial unit stands prominently in a prime town centre location in Greenock. With an estimated end-market rental potential of £40,000 per annum, the property boasts an impressive yield of 19.5% at the Guide Price. Conveniently positioned near the bustling Oak Mall shopping centre, one of Inverclyde’s busiest shopping areas with high daily foot traffic, the unit spans three floors.
Beyond its commercial potential, there is an opportunity for conversion of the upper floors into residential dwellings, subject to planning permission. This versatile property is an attractive investment prospect.
The lot will be taken to the auction by Online Property Auctions Scotland on the 25th of January 2024 with a Guide Price of £205,000.
This vacant commercial unit on Hawick High Street presents an exceptional investment opportunity, offering an estimated potential rental value of approximately £350 per month. At the Guide Price, this translates to an impressive yield of 17.5%. Ideal for both investors and owner-occupiers, the unit provides a versatile space for various business endeavours.
Situated in Hawick, the largest of the Border towns, renowned for its common riding, rugby, and prominent cashmere companies, the location ensures access to a diverse range of amenities. Hawick boasts a vibrant community, offering a leisure centre, independent shops, supermarkets, and a selection of restaurants and hotels, predominantly concentrated around the bustling high street.
The lot will be brought to auction by Online Property Auctions Scotland on 25th January 2024 with a Guide Price of £24,000.
This town centre commercial property is situated in Thurso and is located prominently on the high street. This investment prospect offers substantial returns with a potential rental income of £700 per month, yielding an outstanding 19% return at the guide price. This commercial property is strategically located on the southeast side of the High Street.
With a configuration encompassing a sales area, back store, staff kitchen, office, smaller back store, and a single accessible WC, the property caters to various business needs. Notably, two car parking spaces at the rear further enhance its practicality. This investment offers a location that has a high footfall.
The lot will be taken to auction by Online Property Auctions Scotland on 25th January 2024 with a Guide Price of £43,500.
This ground-floor retail unit is situated in the heart of Dundee city centre. Suitable for various uses (subject to planning), the unit features a main retail area leading to a back shop/storage space with a single WC. Positioned on the ground floor of a traditional stone-constructed tenement with a pitched and slated roof, the property boasts a pedestrian door and a single display window facing Castle Street.
Dundee holds significance as Scotland’s fourth-largest city and a regional hub for commerce, retail, and employment in the Tayside region. Situated on the southeast of Castle Street, close to Dundee’s prime shopping area and the Overgate Shopping Centre, this property offers a prime location for various business ventures.
Online Property Auctions Scotland will bring the property to auction on 25th January 2024 with a Guide Price of £59,000.
An exceptional opportunity presents itself with this commercial space situated in the heart of Paisley. Occupying the ground floor, the property features an open-plan working area, a private office/treatment room, and internally houses a kitchen/dining space for staff, along with 2 WCs. With a market rental value of £12,000 per annum, the potential rental yield is an impressive 17%.
Having undergone prior refurbishment to a high standard, the property is in impeccable, move-in condition. Positioned in a prime retail location alongside various nationwide operators, its central placement on Glasgow Road ensures seamless connectivity to Paisley Gilmour Street Station, the University of West Scotland campus, and the road networks leading to Glasgow.
Town & Country Property Auctions will bring the lot to auction on 25th January 2024 with a Guide Price of £70,000.
This former stove and fireplace showroom, positioned at 1-3 Main Street, Shotts, offers a prominently located property available with vacant possession upon completion. Originally two units, the premises present an opportunity for a new owner to potentially split or redevelop into residential dwellings or a mixed-use scheme, subject to planning approval.
The property holds the potential for diverse usage. Situated on Main Street, Shotts, the property offers easy access to local amenities and various transport links, including bus, rail, and road. It also provides convenient connectivity to the M8 motorway network.
SDL Property Auctions will bring the lot to auction on 31st January 2024 with a Guide Price of £39,000.
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