5 Alternatives To Buying a House

11 Jul

If “variety is the spice of life” then I think these auction lots definitely add some “spice” to the usual property investment arena.

So if you’re looking for that something a bit different but want to invest in property – how about some of these alternatives to buying a house:

1. An ATM Machine

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Never before have I seen an ATM machine being sold at auction – so this an exciting first!

The ATM machine, with a guide price of £50k, is attached on the wall and includes a small box room. The ATM is located on unit 4A Comet Square, Hatfield, Hertfordshire. Comet Square is a mixed use 16 acre development that includes retail, hotel, offices, residential and day nursery. The ATM machine is Long Leasehold (999 year) at peppercorn ground rent. The ATM is presently let to Nationwide Building Society until 2018 at an annual rent of £11,908.68.

For more info: Eddisons

2. A Holiday Park

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Raveena Holiday Park situated in Anderby Creek on the Lincolnshire Coast between Skegness and Mablethorpe offers a unique opportunity at a guide price of £220k+. The Holiday Park comprises: 1 x 3 bedroom Semi-Detached House, 2 x Cedar Wood Bungalows, 6 x Detached Chalets, 1 x Cedar Wood Terraced Chalet, 2 x Static Caravans, 3 x Further Caravan Pitches, 1 x Shop with Reception Area, Laundry Room, Garage and Rear Store and Ample Parking Spaces.

For more info: Countrywide

3. A Magistrates Court

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Rawtenstall Magistrates’ Court is a mid terraced two storey former court building with a guide price of £150k+. The building fronts on to Oakley Road approx 200 metres from Rawstenstall town centre, Lancashire. Subject to planning this could be a development opportunity with accommodation over ground, first and basement levels totaling: 570 sq m (6,135 sq ft)

For more info: Pugh

4. A Market Hall

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This Market Hall in Blackpool with a guide price of £500k+ offers a retail investment opportunity. The property is located in an established retail location which fronts on to Waterloo Road with access also from Gordon Street. The Market Hall is arranged as separate stalls and is multi let producing a current annual income of £104k. The property offers development opportunities with a gross internal floor area of 1,448.47 sq m (15,585 sq ft) over ground floor only (first floor space not accessed). Outside there is external parking and servicing areas.

For more info: Pugh

5. A Library

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Great Horton Library, guide price £120k, is a two storey detached former library situated approx 3 miles from Bradford City Centre. The building offers accommodation on basement, ground and first floors with an approx. gross total: 406.08 sq m (4,372 sq ft). The building is vacant and may be suitable for a variety of uses subject to planning. Outside there is a yard area to the side and rear of the property.

For more info: Pugh

And so that wraps up my 5 alternatives to buying a house – I hope I’ve given you some interesting alternative property investments to consider?

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