Town & Country Property Auctions present a rare opportunity to acquire a full residential block in East End Glasgow generating £576,000 per annum, with an estimated end value of £14M!
Fielden Street Apartments, Glasgow (G40 3TX)
Guide Price: £1,500,000
Estimated Value: £14,000,000
Exceptional Value Opportunity | Full Block Acquisition | High-Yield Residential Investment
Town & Country Property Auctions proudly present a rare, large-scale investment opportunity ideal for developers, portfolio landlords, and high-net-worth investors seeking full block ownership, strong yield, and significant capital uplift. Set within a historic 19th-century former sewing factory (circa 1872–73), this iconic Glasgow building offers a clear value-add strategy, positioned in one of the city’s fastest-growing regeneration areas.
The development comprises a mix of 1, 2, and 3-bedroom apartments, with two full blocks already refurbished (circa 6 years ago). A third block of 16 units remains unrefurbished, presenting a defined opportunity to add value, with estimated refurbishment costs of £500,000.
Comparables:
Flat 2/1, 53, Dalmarnock Drive, Glasgow G40 4LS – £102,500 (1 bed)
2/1, 2 Comelypark Street, Glasgow G31 1TA – £125,000 (2 bed)
Flat 1/1, 2 Comelypark Street, Glasgow G31 1TA – £137,500 (2 bed)
Flat 0/1, 4 Comelypark Street, Glasgow G31 1TA – £180,000 (3 bed)
Rental Potential:
1 beds – £750–£800 pcm
2 beds – £1,000+ pcm
3 beds – £1,200+ pcm
£48,000 per month income potential
Yield: 38.4% based on Guide Price
Located minutes from Celtic Park and Dalmarnock railway station, the property benefits from excellent connectivity into Glasgow city centre. The surrounding area is undergoing major transformation, including a 173-home development backed by £19M funding (completion 2027) and a wider £100M+ regeneration pipeline, bringing new housing, retail, and public spaces.
The long-term growth story is driven by the Clyde Gateway Innovation District, delivering over 1 million sq ft of commercial and tech space and expected to create 1,400+ jobs, further increasing housing demand. Combined with major infrastructure upgrades including the M74 extension and enhanced transport links, the area is rapidly evolving into a high-demand residential and economic hub.
Offered at a significant discount to its estimated value, this is a standout opportunity to acquire a landmark Glasgow residential block with scale, strong yield potential, and substantial long-term upside.
A rare chance to secure a high-performing asset in a rapidly transforming location.
*Additional land, industrial units, and associated assets may also be available by separate negotiation, offering further development and expansion potential for incoming investors*
End Market Value: £14,000,000
£576,000 Annual Income Potential
Positioned within £100M+ Regeneration zone
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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