Buy to Let Auction Properties of the Month – October

With many lots available with a tenant in situ, 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 tenant lots are listed for auction across the UK throughout October 2023, with Gross Yields between 10% and 20%.

Takeaway and Residential Investment, London

(For Sale with Allsop Auctions)

Takeaway and Residential Investment in London - For Sale with Allsop Auctions with a Guide Price of £125,000 (October 2023)

This self-contained flat, available as a takeaway business, is currently leased until 2028 with no break clauses. It is conveniently positioned in a bustling shopping district within a popular South London suburb, near both Catford and Catford Bridge Rail Stations. This location boasts the presence of several notable businesses and is situated 8.5 miles southeast of Central London and just 1 mile south of Lewisham.

Additionally, its strategic positioning offers excellent road connectivity, as it lies at the intersection of the A21 and the A205 (South Circular Road). Within a mere 400 meters, both Catford Bridge Rail Station and Catford Rail Station are readily accessible, providing frequent transportation services to Central London.

Gross yield percentage: 10.56%

The lot will be brought to auction by Allsop Auctions on 31st October 2023 with a Guide Price of £125,000.

Mid Terrace Mixed-Use Building, London

(For Sale with Auction House London)

Mid Terrace Mixed Use Building in London - For Sale with Auction House London with a Guide Price of £250,000 (October 2023)

The property in London is a mid-terrace mixed-use building featuring a ground-floor shop and four self-contained flats spanning the first, second, and third floors. It is held under a freehold tenure, offering flexibility and long-term investment potential. Conveniently located on a mixed-use road, the property enjoys proximity to local shops and amenities. For those seeking leisure and green spaces, Finsbury Park is easily accessible. Commuting options are abundant, with the presence of Manor House underground station on the Piccadilly line and Harringay rail station nearby.

Additionally, the ground floor shop is currently subject to a commercial lease, with a ten-year term in place. Great for potential investors looking for a mixed-use property with a variety of income streams and a promising location.

Gross yield percentage: 11%

The lot will be brought to auction by Auction House London on 25th October 2023 with a Guide Price of £250,000.

2 Bed Mid-Terrace House, Runcorn

(For Sale with Town & Country Property Auctions)

2 Bed Mid Terrace Property in Runcorn - For Sale with Town & Country Property Auctions with a Guide Price of £64,995 (October 2023)

Presenting a charming 2-bedroom mid-terrace property in the peaceful residential enclave of Clarks Terrace, Weston Point, Runcorn. This delightful residence offers two double bedrooms, a bathroom, a comfortable lounge, and a well-fitted kitchen. To complete the home, there’s a convenient rear yard that adds a touch of outdoor space to the property.

Nestled in a tranquil residential area, this property boasts convenient access to local amenities and major road networks. It sits on a serene residential street, ensuring a peaceful and comfortable living environment. It’s worth noting that the property is currently tenanted under an existing agreement that extends until July 29, 2024, with a monthly rent of £650. The attractive pricing of this property is designed to pique the interest of potential buyers, and viewings can be arranged when possible based on availability, making this a promising investment opportunity.

Gross yield percentage: 10%

The lot will be brought to auction by Town & Country Property Auctions on 31st October 2023 with a Guide Price of £64,995.

2 Bed Mid Terrace Property, Gainsborough

(For Sale with Auction House Lincolnshire)

2 Bed Mid Terrace Property in Gainsborough - For Sale with Auction House London with an Opening Price of £40,000 (October 2023)

This two-bed mid-terrace property is ideally located on Ropery Road in Gainsborough, a highly sought-after area within the town. It boasts proximity to various local amenities, including schools and shops. Moreover, the property enjoys the advantage of being situated on a major bus route, enhancing accessibility to the wider area. Gainsborough itself is a town that offers a rich array of facilities and amenities, with the notable Marshalls Yard retail and leisure complex, as well as excellent connections to neighbouring towns like Retford and Scunthorpe, and cities such as Doncaster and Lincoln.

The house, a traditionally constructed mid-terrace, is in excellent condition and is currently tenanted, generating a steady monthly income of £450. Notably, it boasts larger-than-average gardens, complete with a garage and the potential for allotment areas. This property is an ideal investment opportunity, offering a seamless buy-to-let experience, making it an attractive proposition for investors looking to expand their portfolio.

Gross yield percentage: 13.5%

The lot will be brought to auction by Auction House Lincolnshire on 31st October 2023 with an Opening Bid of £40,000.

3 Apartments, Thrybergh

(For Sale with Auction House South Yorkshire)

3 Apartments in Thrybergh - For Sale with Auction House South Yorkshire with an Opening Bid of £90,000 (October 2023)

These three apartments are thoughtfully designed with separate access for each unit. The first apartment, located on the ground floor, features a separate shower and WC, an open lounge, kitchen, and dining area, and a spacious master bedroom. The second apartment, positioned on the first floor, offers an open lounge, kitchen, and dining space, a master bedroom, and a bathroom. The third apartment on the second floor includes an open lounge, kitchen, and dining area, a separate WC, shower facilities, and stairs leading to the master bedroom.

Each apartment is currently tenanted, generating a monthly rental income of £400 per unit. The apartments are sold as a freehold, eliminating any service charges or ground rents. Conveniently located in Thrybergh, Rotherham, this investment property is near a variety of local amenities, offers excellent transport links, and is adjacent to local parks, making it a truly appealing opportunity for savvy investors.

Gross yield percentage: 16%

The lot will be brought to auction by Auction House South Yorkshire on 31st October with an Opening Bid of £90,000.

2 Bed Block Apartments, Sleaford

(For Sale with iamsold)

2 Bed Block of Apartments in Sleaford - For Sale with iamsold with a Starting Bid of £70,000 (October 2023)

Here is a residential investment opportunity that offers a consistent annual rental income of £9,540. This property holds the prestigious Grade II listing and consists of two fully occupied self-contained one-bedroom apartments, centrally located in Sleaford’s town centre.

Firstly, 14 Westgate is a one-bedroom ground floor flat, currently leased under an Assured Shorthold Tenancy (AST) agreement. Secondly, 14A Westgate is a one-bedroom first-floor flat, also under an AST lease. This is a remarkable investment opportunity, offering stability with its existing tenancy agreements and the potential for future growth.

Gross yield percentage: 13.6%

The lot will be brought to modern method of auction by iamsold on 31st October 2023 with a Starting Bid of £70,000.

Retail Investment, Norwich

(For Sale with Allsop Auctions)

Retail Investment in Norwich - For Sale with Allsop Auctions with a Guide Price of £625,000 (October 2023)

This property comprises two commercial shop units and 24 flats, all of which have already been sold off. The majority of the property is currently occupied by Body Power Sports Ltd. Furthermore, a portion of the property is under a fresh 10-year lease, operating as Apollo Barbers, and notably, this lease does not contain any break clauses.

Strategically positioned in the heart of the city, the property enjoys a prominent location along the A147 Ring Road, ensuring accessibility for both residents and visitors. It also benefits from proximity to the Chantry Place Shopping Centre. Norwich, situated 40 miles north of Ipswich and 57 miles northeast of Cambridge, boasts robust road connections. Additionally, Norwich Rail Station offers frequent services to London Liverpool Street. The property’s vicinity includes established businesses.

Gross yield percentage: 11.52%

The lot will be brought to auction by Allsop Auctions on October 31st 2023 with a Guide Price of £625,000.

City Centre Shop, Carlisle

(For Sale with Allsop Auctions)

City Centre Shop in Carlisle - For Sale with Allsop Auctions with a Guide Price of £65,000 (October 2023)

This property comprises two shops currently leased to Barnardo’s and Select Technology Sales & Distribution (UK) Ltd. Spanning over the ground, first, and second floors, the property is located in a prominent location within the City Centre with notable neighbours such as Boots, Marks & Spencer, and WH Smith, alongside various other businesses. Carlisle, a well-established commercial and retail hub, is strategically located near the Scottish Borders, catering to a vast area of North Cumbria.

Situated on the east side of the pedestrianized English Street, between Bank Street and Devonshire Street, this property enjoys a prime location amid a vibrant commercial district. As part of the accommodation, Barnardo’s utilises a section of the first floor for additional sales space, while the remaining space, along with the second floor, serves ancillary and storage purposes. With potential, the upper floors could be repurposed for various alternative uses and redevelopment, such as residential, contingent upon existing leases and obtaining the required consents.

Gross yield percentage: 10.77%

The lot will be brought to auction by Allsop Auctions on 31st October 2023 with a Guide Price of £650,000.

Shop Investment in Boston

(For Sale with Allsop Auctions)

Shop Investment in Boston - For Sale with Allsop Auctions with a Guide Price of £300-325,000 (October 2023)

This shop which is located in Boston, Lincolnshire is currently under full lease to Decebal Ltd until the year 2031 with no break clauses. It enjoys a prime location on the pedestrianized Strait Bargate, surrounded by prominent neighbours including Vodafone, EE, HSBC Bank, Argos, and KFC. Additionally, the property holds planning permission to convert into two dwellings, adding to its versatility and potential.

The historic town of Boston, situated in the heart of the Fenland district, is strategically positioned between Peterborough, 35 miles to the south, and Lincoln, 35 miles to the north. Boston enjoys easy access to major roadways such as the A16 and A52, with Grantham and the A1 just 28 miles to the east.  The property is positioned in a well-established retail area at the crossroads of Strait Bargate and Market Place, surrounded by a range of notable businesses like Vodafone.

Gross yield percentage: 13.3%

The lot will be brought to auction by Allsop Auctions on 31st October 2023 with a Guide Price of £300-325,000.

2 Flats, Goole

(For Sale with Property Solvers Online Auctions)

2 Flats in Goole - For Sale in Property Solvers Online Auctions with an Opening Bid of £90,000 (October 2023)

An enticing investment opportunity, this residential asset features two spacious flats held under one title, located in the heart of Goole. This versatile property offers substantial potential for value enhancement while delivering a robust annual gross rental income of £11,472, resulting in an impressive 12.07% gross yield.

Upon entering the ground-floor flat, you are greeted by a cosy kitchen, leading to a hallway. There is also a convenient bathroom and a useful storage cupboard. Further exploration reveals a generous lounge and a comfortable bedroom. The living space extends outdoors to a concrete backyard, perfect for outdoor leisure or dining. Access to the first-floor flat is provided with a bedroom, a lounge, a kitchen and a well-proportioned bathroom complete with a spacious storage cupboard. The location offers easy access to essential amenities. Families will appreciate the proximity to esteemed schools.

Gross yield percentage: 12.07%

The lot will be brought to auction by Property Solvers Online Auctions on 25th October 2023 with an Opening Bid of £90,000.