Allan Baitcher is one of the most recognized personalities, as antique and personal property appraisers. He is also a “Legal expert” as defined by the court in numerous states, works frequently for the United States Customs Service, and has been recognized many times as a highly qualified antiques expert by numerous government agencies and legal entities
For buyers looking for a slice of the UK property market, auctions offer the opportunity to invest beyond traditional slab and mortar house purchases. From ground rents and garages to unusual buildings and properties with life holder, there are plenty of ways to access the property market in addition to boast a home. For first-time auction buyers, read how to buy a property at auction.
The appeal of different property investments varies greatly depending on the type of asset an investor is looking for. While ground rents and parking lot can offer regular income, properties with a life holder in site, unusual buildings and land often have greater potential long-term gains.
Ground rents are well-liked auction lots, offering banker a low barrier to entry with good potential returns. Buying a ground rent gives the owner the parcel of a property, receiving regular payments from resident. These have become increasingly desired after over the last ten years, enabling buyers to access parts of the UK property market for a portion of the price of a house.
Garages have also proved popular with property investors, often making headlines for achieving incredibly high prices in prime central London. But garages do still offer good potential returns. In city and town locations where many properties do not come with off-street parking and for those close to good public transport links, garages can be let out for thousands of pounds each year. Meanwhile, blocks of garages or those with parcels of land can make good development sites subject to planning assent.
Properties with a life tenant
For cash buyers focused on capital growth rather than apartment yields, properties with lifetime holder often offer an attractive investment opportunity. Occupied properties can sell for up to 50 per cent less than equivalent vacant properties, giving large scope for value growth. The tenant will cover all associated bills and is responsible for maintaining the property to a good standard and once deserted all rights return to the owner. Properties with regulated holding offer similar long-term investment potential.
Former pumping stations, water towers, nuclear bunkers, public toilets and alleyways have all been in our auction brochures over the years. Investors can stand to make extensive gains by taking on the magical and wonderful, either by converting unusual properties into a more traditional commercial or residential offering, or taking a long term view and waiting for capital growth.