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.
With many lots available with a current tenant or with the ability to be let out, a buyer can achieve an immediate return on investment upon taking ownership of these property auctions. A great way to add to your property portfolio these lots are listed for auction across the UK throughout November 2023, with Gross Yields between 10% and 20%.
This freehold ground rent investment comprises six self-contained flats, each securing an annual ground rent of £100, resulting in a total reserved rent of £600 per annum and a gross yield of 15%. The property is strategically positioned on Grenfell Road, nestled between Bruce Road and London Road Benefiting from proximity to Tooting mainline rail station and an extensive network of local bus services, the location ensures convenient access to public transportation.
Additionally, the surrounding vicinity boasts shopping amenities in both Tooting and Mitcham. This investment opportunity offers the advantage of a stable and predictable income stream, with each flat contributing to the overall financial return. The freehold nature of the property enhances its long-term value and underscores its potential as a lucrative investment.
Gross yield percentage: 15%
The lot will be brought to auction by Barnard Marcus Auctions on 22nd November 2023 with a Guide Price of £4000.
The freehold of Boulton Grange in Telford encompasses six flats, featuring two residential units—a ground floor 1-bed flat leased to a charity for the past six years at £475pcm, and a top-floor 2-bed flat with a balcony currently rented under a 12-month contract until November 2024 at £525pcm. Acquired by the vendor in 2017, the freehold extends to flats 1-6, offering additional annual income.
The management of this property is presently entrusted to a local Management Company acting on behalf of the vendor. Notably, the 1-bed flat (No.1) and the top-floor 2-bed flat (No.5) contribute to the overall revenue stream, solidifying the investment’s financial appeal.
Gross yield percentage: 15.08%
The lot will be brought to auction by Town & Country Property Auctions on 30th November 2023 with a Guide Price of £117,000.
This commercial investment opportunity comprises a commercial unit in Airdrie town centre, leased to Ladbrokes with a 4-year FRI lease at £16,000 per annum, offering an impressive 12.3% yield at the Guide Price. This investment provides an immediate income stream with Ladbrokes, an established bookmaker, currently occupying the double-fronted retail unit. With four years remaining on the lease, Ladbrokes has relocated, creating an opportunity for early settlement and vacant possession.
Positioned prominently in Airdrie, the unit’s substantial size allows for the possibility of division, subject to planning consent. This opportunity is a rare chance to secure a lucrative commercial investment with immediate returns and the potential for a financial rebate through lease settlement.
Gross yield percentage: 12.31%
The lot will be brought to auction by Online Property Auctions Scotland on 30th November 2023 with a Guide Price of £130,000.
This residential investment opportunity includes two occupied flats in Renfrew, comprising a 1-bedroom flat on Edward Avenue and a 3-bedroom flat on Kirklandneuk Road. This investment promises immediate income, with a combined estimated end-market rental potential of £1,250pcm.
This portfolio features a tenanted upper cottage flat on Kirklandneuk Road, currently earning £500pcm and projecting an estimated end-market rental potential of approximately £700pcm. Additionally, the one-bedroom flat on Edward Avenue is presently tenanted at £400pcm, with an estimated end-market rental potential of around £550pcm. This well-managed investment provides a reliable income stream and the potential for increased returns in a thriving residential market in the popular area of Renfrew in Scotland.
Gross yield percentage: 11.11%
The lot will be brought to auction by Online Property Auctions Scotland on 30th November 2023 with a Guide Price of £135,000.
Ideal for those seeking a commercial investment, these two adjacent, appealing retail properties are situated in the vibrant town centre of Ipswich. These fully leased properties collectively generate a robust gross income of £37,000 per annum, presenting potential asset management prospects. Positioned in a bustling central location amid the shopping zone just off Tavern Street, the premises enjoy proximity to major retailers such as Primark and Marks & Spencer.
Ipswich, Suffolk’s County Town is strategically divided into distinct quarters, with Westgate Street situated in the retail shopping district. Excellent road connectivity is provided by the A12 and A14 dual carriageways, linking to the national motorway network, London, and the Midlands. The town’s railway station facilitates convenient travel to London Liverpool Street. The properties at 40 Westgate Street host PMG Schoolwear, while 40A Westgate Street accommodates Stylers Hairdressers. This investment presents a lucrative prospect in a prime location with existing income and future potential.
Gross yield percentage: 10.57%
The lot will be brought to auction by Clarke & Simpson Auctions on 30th November with an Opening Bid of £350,000.
Presenting a unique opportunity, this property is offered with a sitting tenant of over 14 years, paying an impressive £115 per week. With noteworthy updates in recent times including a new kitchen and bathroom both fitted in August 2023, the property is an excellent rental opportunity.
The investment comes with the assurance of no rent arrears, adding to the appeal of this property with a longstanding and reliable tenant. This well-maintained and updated residence offers not only a steady income stream but also the advantage of recent enhancements, making it a compelling investment opportunity in the South Bank area of Middlesbrough.
Gross yield percentage: 16.61%
The lot will be brought to auction by Town & Country Property Auctions on 25th November 2023 with a Guide Price of £36,000.
A charming two-bedroom terrace house is available for auction in Houghton Le Spring. The property boasts a reliable tenant, contributing £475 per month. The well-maintained interior features an entrance door leading to a welcoming lobby, a spacious lounge diner, a fitted kitchen, and a bathroom. Ascending the stairs to the first floor reveals access to two bedrooms.
The external area comprises an enclosed yard at the rear, offering a private and secure outdoor space. In immaculate condition and with the added benefit of a dependable tenant, this is an appealing investment opportunity for potential buyers from a Modern Method of Auction vendor.
Gross yield percentage: 14.25%
The lot will be brought to auction by iamsoldon 30th November 2023 with a Guide Price of £625,000.
This three-bedroom house in Middlesbrough, complete with a garage, is a promising investment opportunity. Presently, it is under a one-year Assured Shorthold Tenancy generating an annual income of £7,140. The tenant has expressed interest in renewing the lease for another year.
The property’s desirability is evident in its consistent tenancy and the tenant’s commitment to a lease extension. With three bedrooms and the added convenience of a garage, this dwelling offers a sound, reasonably priced investment with a reliable rental income stream and potential for future growth.
Gross yield percentage: 11.72%
The lot will be brought to auction by Town & Country Property Auctions on 25th November 2023 with a Guide Price of £64,000.
This mid-terraced three-bedroom house presents a lucrative investment opportunity with a secure three-year Assured Shorthold Tenancy (AST) in place, spanning from September 1, 2022, to August 31, 2025. The property commands a monthly rental income of £712, ensuring a stable and predictable cash flow for the specified duration of the tenancy.
This combination of a long-term lease, favourable monthly rent, and an environmentally conscious rating makes it an attractive proposition for potential investors. Buyers looking for a reliable and sustainable rental property will find this three-bedroom mid-terraced house in Saltburn-by-the-Sea to be a sound addition to their portfolio.
Gross yield percentage: 10.95%
The lot will be brought to auction by Town & Country Property Auctions on 25th November 2023 with a Guide Price of £78,000.
This three-bedroom house in Guisborough is a great opportunity for a rental property. Presently, there is an existing one-year assured shorthold tenancy (AST) with a rental rate of £6,900 per annum. The tenant is in the process of renewing for an additional three years.
The property in question is a three-bedroom house that is neutrally decorated and features a rear garden. Located in the popular area of Guisborough, the property is close to amenities in the area.
Gross yield percentage: 10.34%
The lot will be brought to auction by Town & Country Property Auctions on 25th November 2023 with an Opening Bid of £70,000.
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