Buy to Let Auction Properties of the Month – September

With many lots available with a current tenant or available to let, these lots are listed for auction across the UK throughout September 2024, with Gross Yields between 10% and 20%.

29 Flats, Islington

(For Sale with Allsop Auctions)

29 Flats in Islington - For Sale with Allsop Auctions with a Guide Price of £195,000 (September 2024)

Secured on a property comprising 29 self-contained flats, this includes a workshop/storehouse. There are 25 flats that are on a long lease while there are four flats and a workshop which are leased for 59 years.

Located on the south side of Maygood Street in the heart of Islington, the property is conveniently close to the extensive shops and amenities of Angel & Islington. Angel station and Caledonian Road & Barnsbury (Overground) stations are easily accessible, with the A1 to the north and Barnard Park nearby.

Gross yield percentage: 12.58%

The lot will be brought to auction by Allsop Auctions on 25th September 2024 with a Guide Price of £195,000.

5 Storey Building Comprising Restaurant, Shop and Office Suites, Croydon

(For Sale with Acuitus Auctions)

5 Storey Building Comprising Restaurant, Shop and Office Suites in Croydon - For Sale with Acuitus Auctions with a Guide Price of £2,875,000 (September 2024)

The five storey property enjoys a prime location in central Croydon, featuring prominent frontages on both the bustling High Street and Surrey Street. Surrey Street is directly opposite the property.
This development also includes the creation of a new town square, offering shopping and leisure facilities along the high street. The area is well-served by notable nearby occupiers. Additionally, the Holiday Inn Express Croydon is nearby, enhancing the property’s appeal for both retail and leisure purposes.

Gross yield percentage: 10.51%

The lot will be brought to auction by Acuitus Auctions on 25th September 2024 with a Guide Price of £2,875,000.

Multi-Let Retail Investment, Staines

(For Sale with Savills Auctions)

Multi-Let Retail Investment in Staines - For Sale with Savills Auctions with a Guide Price of £280,000 (September 2024)

This fully let property comprises two retail units which are a convenience store and a barbershop. The investment is situated in an established, popular West London village.

The property spans the ground and first floors, with two retail units on the ground floor and a residential unit above, which has been sold off on a long leasehold basis. The property enjoys a prime, high-footfall location, with the convenience store being the only grocery amenity in Laleham, with the nearest supermarket about a mile north.

Gross yield percentage: 10.00%

The lot will be brought to auction by Savills Auctions on 24th September 2024 with a Guide Price of £280,000.

Shop with Four Flats, Battersea

(For Sale with Savills Auctions)

Shop with Four Flats in Battersea - For Sale with Savills Auctions with a Guide Price of £270,000 (September 2024)

This freehold retail and residential investment is situated in a highly desirable South West London location and presents a compelling opportunity for investors. The property generates an annual income of £28,000. The investment includes the ground rents and freehold interest of four flats above the retail unit, all of which have been sold on long leases.

The ground floor commercial space is leased to a tenant trading as Bamby Beauty. This well-located property in Battersea offers both a stable income stream and long-term potential in a sought-after area of London.

Gross yield percentage: 10.37%

The lot will be brought to auction by Savills Auctions on 24th September 2024 with a Guide Price of £270,000.

4 Self-Contained Flats, Lewisham

(For Sale with Savills Auctions)

4 Self-Contained Flats in Lewisham - For Sale with Savills Auctions with a Guide Price of £10,000 (September 2024)

This freehold ground rent investment consists of four self-contained flats all sold off on long leases. The property is situated on Brandram Road, near the junction with Fludyer Street, offering convenient access to both Lewisham and Blackheath Village.

The location benefits from nearby amenities along Lee High Road and Lewisham High Street, as well as the charming shops and cafes. Residents can enjoy a variety of recreational spaces. The property is well-served by transport links, providing easy access to central London and beyond. This investment offers a stable income in a well-connected and desirable area.

Gross yield percentage: 10.50%

The lot will be brought to auction by Savills Auctions on 24th September 2024 with a Guide Price of £10,000.

2 Bed Ground Floor Flat, Gateshead

(For Sale with Agent Property Auction)

2 Bed Ground Floor Flat in Gateshead - For Sale with Agent Property Auction with a Guide Price of £50,000 (September 2024)

This investment opportunity is to acquire this two-bedroom ground floor flat, currently tenanted with a reported rental income of £550 pcm. The property comprises an entrance hall, two bedrooms, a living room with a feature fire surround, a kitchen with a range of units and a bathroom with a three-piece suite.

Externally, there is a shared yard at the rear. The flat is a good ongoing rental opportunity. Located on Victoria Road in Gateshead, the two-bedroom flat is within a short distance of the city centre.

Gross yield percentage: 13.20%

The lot will be brought to auction by Agents Property Auction on 29th September 2024 with a Guide Price of £50,000.

3 Apartments and 1 Cottage, Blackhill

(For Sale with Agents Property Auction)

3 Apartments and 1 Cottage in Blackhill - For Sale with Agents Property Auctions with a Guide Price of £150,000 (September 2024)

This is an exceptional investment opportunity for buy-to-let investors. This unique offering presents a rare chance to acquire four properties in one lot, consisting of three apartments and a charming cottage. Currently generating a combined rental income of approximately £19,740 per annum, this investment is a good buy to let opportunity.
This property in Blackhill offers substantial investment potential, and an internal viewing is highly recommended to appreciate its full value.

Gross yield percentage: 13.16%

The lot will be brought to auction by Agents Property Auction on 29th September 2024 with a Guide Price of £150,000.

Commercial Unit, Burnham-On-Sea

(For Sale with David Plaister Auctions)

Commercial Unit in Burnham-On-Sea - For Sale with David Plaister Auctions with a Guide Price of £140,000 (September 2024)

This commercial unit is located in the heart of Burnham-on-Sea and offers an exciting investment opportunity with a stable rental income. The property is currently tenanted under a 15-year lease and this offers a stable return.

Burnham-on-Sea is a vibrant coastal town with a bustling high street featuring shops, and restaurants. The location offers excellent connectivity, with the M5 Motorway nearby, a mainline railway link in neighbouring Highbridge, and Bristol International Airport approximately 20 miles away.

Gross yield percentage: 11.07%

The lot will be brought to auction by David Plaister Auctions on 26th September 2024 with a Guide Price of £140,000.

Grade II Listed Former Church, Christchurch

(For Sale with Town & Country Property Auctions)

Grade II Listed Former Church in Christchurch - For Sale with Town & Country Property Auctions with a Guide Price of £125,000 (September 2024)

Located at the junction of Llewelyn Avenue and Abbey Road in Llandudno town centre, this property sits in a mixed-use area. The property is a detached, Grade II-listed former church, originally built in the mid-nineteenth century.

Over the past 15 years, the internal space has been thoughtfully converted and reconfigured into a children’s play centre with a day nursery. The property is currently let on a 10-year lease from October 2023, generating an annual rent of £16,000. The ground floor has been sub-let as a day nursery. This investment opportunity offers a gross yield of approximately 11.5%, with potential for future growth, making it a superb addition to any investment portfolio.

Gross yield percentage: 12.80%

The lot will be brought to auction by Town & Country Property Auctions on 26th September 2024 with a Guide Price of £125,000.

Bar with 3 Bed Apartment, Thornley

(For Sale with Town & Country Property Auctions)

Bar with 3 Bed Apartment in Thornley - For Sale with Town & Country Property Auctions with a Guide Price of £180,000 (September 2024)

This property presents an excellent investment opportunity with significant potential for further development. Currently, it generates a total annual income of £25,200, comprising £18,000 from the bar and £7,200 from the rented flat. Additionally, there is a vacant three-bedroom flat, offering immediate potential for additional rental income.

Plans have been submitted to convert the property into an 11-bedroom House in Multiple Occupation which could significantly increase its income potential. This combination of existing income, development potential, and owner support makes this property an attractive option for investors looking to expand their portfolio.

Gross yield percentage: 14.82%

The lot will be brought to auction by Town & Country Property Auctions on 23rd September 2024 with a Guide Price of £180,000.