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Tel: 0131 624 6640

SVA Property Auctions Ltd. Scotland's independent auction service. Hammering home the advantage, ensuring clients benefit from full auction service.

Forthcoming Lots

2.00pm Thursday 10th May - Marriott Hotel in Edinburgh.
Lot 3


Former Bank Premises with Potential for Alternative Use, Income £3,000 p.a. from ATM Letting


Newburgh is an attractive village located in the North of Fife near the Perthshire border, on the south shore of the Tay approx. 11 miles south east of Perth and 16 miles north of Glenrothes. The village provides for a range of day to day facilities, a primary school and easy commuting access. Cupar (11 miles) and St Andrews (9 miles) provide for a further range of shopping and facilities. It caters for residents and visitors alike, the town being the home of the Newburgh Orchard Group and Lindores Abbey Distillery as well as being well placed for the Fife Coastal Route. The property occupies a prominent location on the south side of the High Street.


This is a B listed property comprising the ground floor of a two storey and attic mid terraced traditional stone building with pitched slate roof. There is an extension to the rear. Internally the accommodation, which has not been inspected internally by SVA at the time of preparing these particulars, comprises an open plan banking hall with meeting room and store to the side. To the rear there is a kitchen, staff area and toilets. The property has recently been decommissioned and part of this work included separating the ATM from the main floor area by way of a Vulcan unit which extends when in use for maintenance/servicing.The property benefits from electric storage heating, fluorescent lighting and carpeting. Externally there is small garden area to the rear accessed via a fire escape at the rear of the building. Well placed within the village this property provides an ideal opportunity for continued office or retail use or may be suitable for alternative development subject to obtaining necessary consents.


Ground Floor 103 sq.m (1,113 sq.ft)


The property is suitable for office and retail use subject to the restrictions noted below (see Tenure). Alternative uses may be possible and interested parties should make their own enquiries to Planning and Building Standards, Fife Council on 03451 55 11 22 email: for further information.

Rateable Value

£4,500. The property will require re-assessment to reflect the alterations arising from the separation works related to the ATM and the resultant changes to the floor space.


Band E


The ATM and associated secure room will be subject to a new lease to Royal Bank of Scotland PLC for a term of 5 years at the rent of £3,000 p.a inclusive of VAT. The lease will be subject to an initial three month rent free period. We recommend that interested parties inspect the lease terms which are available from the Seller’s solicitors, DLA Piper Scotland.


Owner Vacant Possession with the exception of the ATM letting. The vacant property will be sold subject to certain restrictions preventing the following uses: Businesses involving money lending, pawnbrokers/adult sex shops, bookmakers or other gambling businesses, banks/building societies, bars/public houses, the sale of firearms and the sale of any paraphernalia associated with illegal drugs.


The purchaser will be responsible for the electricity supply. The tenant will make a £300 p.a. payment, for the duration of the tenancy, to the Landlord as a contribution towards the Landlord’s utility and maintenance costs.


Strictly by arrangement with the Auctioneers SVA Property Auctions Ltd: 0131 624 6640.

Joint Auctioneers

GVA (Edinburgh) Tel: 0131 469 6070.

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