‘Substantial’ Falkirk residential investment portfolio brought to market
Shepherd Chartered Surveyors is bringing to market a substantial residential investment portfolio in central Falkirk for sale.
The portfolio, which comprises a mix of one and two-bed flats, is fully tenanted and income-producing. The units are all located in central Falkirk with close proximity to local shops and transportation networks.
Stewart Gorman of Shepherd’s Central Commercial team said: “We anticipate keen interest in this portfolio which offers a rare opportunity for a property investor to secure a substantial number of residential dwellings in Scotland’s central belt.
“While our client’s preference is to sell the portfolio to a single bidder, splitting the portfolio among a range of bidders will also be considered.”
Meanwhile, Shepherd’s first commercial property auction of the year featuring 37 lots ranging from £5,000 to £525,000 with a total value of £6 million is scheduled for broadcast live online with remote bidding only at 2.30pm on February 23.
Its catalogue features a wide range of commercial opportunities across Scotland, including retail, office, licensed leisure, commercial investments, development sites and residential investment opportunities.
This first auction of the year follows Shepherd Commercial Auctions’ recent appointment to market for sale by auction a range of public sector properties on behalf of the Scottish Government. The contract, which will encompass a broad range of public bodies, is for an initial two-year period with an option to extend.
This significant appointment follows Shepherd Commercial Auctions having secured £6m of property sales from start-up within its first year of operation. It’s biggest auction to date was last October which featured 30 lots and sold £3.55m of property under the hammer on the day.
Steve Barnett, managing partner at Shepherd Chartered Surveyors, said that clients have expressed an appreciation of the transparency auctions provide, the speed of sales and the ability of the firm’s professional RICS registered surveyors based locally around the country to mobilise the marketing campaigns for the auction quickly and professionally.
“Our auctions are increasingly recognised for offering an attractive alternative way for investors, developers, funds and restructuring specialists to transact commercial property safe and securely given the unrivalled level of professionalism, expertise and local market intelligence that our surveyors provide via our local office network throughout the length and breadth of Scotland,” he said.
“Our partnership with SDL Property Auctions allows us to reach more potential buyers and drive the best possible prices, while providing speed and certainty within a fixed timeframe.
“Our latest auction features a comprehensive range of investment, development and asset management opportunities that are sure to appeal to a wide number of commercial property investors, developers and occupiers.”