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Tel: 0131 624 6640

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2.00pm Thursday 10th May - Marriott Hotel in Edinburgh.
Lot 6


2 Storey Terraced Town Centre Building – Former Bank Branch – Good Development Opportunity. Income £3,000 p.a. from ATM Letting.


The property lies at the heart of the busy coastal town of Stonehaven, within its central square & main retail area. In the centre of Market Square are the former Market Buildings with town clock & spire and a public car parking area. Around the edge of the Square are an impressive range of traditional buildings between 2 & 4 stories high, which accommodate a wide range of ground floor retail outlets, eating places & commercial premises with the upper floors in a mix of residential & office uses.The property is adjoined at ground floor level by a pharmacy on one side & a boutique on the other.

Stonehaven lies only 15 miles to the south of Aberdeen and is popular with commuters into the city and to its industrial areas to the south at Portlethen and Altens. It also provides easy access southwards, either onto the A90 or onto the Aberdeen - Edinburgh/Glasgow main railway line, which runs through the town. It is a very popular destination for both tourists and local day-trippers, drawn by its quaint harbour, its beach & coastline and Dunnottar Castle, a ruined castle which has to be one of the most dramatic historical sites in Scotland. The town has grown rapidly in recent years and has a current population of circa 11,500. It is the main service and administrative centre for the southern part of Aberdeenshire and has a secondary school and three primary schools, an extensive commercial and industrial Estate, a vibrant and wide ranging shopping centre, and good recreational facilities that include an 18 hole golf course, a harbour, an open air swimming pool and a sports centre.


Located at the west side of Market Square, the property comprises a mid terrace 2 storey traditional building, with a single storey rear extension, until recently used as a Bank Branch. On the ground floor is an expansive open plan area running from front to back, an office, a store & 2 safe rooms. On the first floor is an office,staff room, ladies & gents toilets & a store. At the rear of the building are a small open courtyard and an outbuilding.


Walls: front part stone – the front wall onto the Square is built with attractive pink sandstone blocks, rear part concrete block or brick, harled externally. Roofs: front part has pitched & slated roof, rear single storey extension has flat felt covered roof. Windows: front windows - timber framed & secondary glazed,rear ground floor windows - timber framed & double glazed,rear first floor windows - single glazed. External doors: 2 front doors from Market Square, a metal framed glazed door into the open plan area & a solid timber door into a passageway and 1 solid timber rear door (leading to courtyard & external store). Floors: ground floor concrete, first floor suspended timber. Internal wall linings: mix of plaster on hard linings & plasterboard.



  • Open plan area, with external door from Market Square (to be shared with ATM access);
  • Office;
  • Passage, with external door off Market Square;
  • Store;
  • and two Strong Rooms.


  • Landing;
  • Staff room / kitchen;
  • Office;
  • Ladies & Gents toilets;
  • Rear store (off landing)


Accessed off an enclosed courtyard at the rear of the building via an external metal stairway, this is a brick wall & slated roofed building that has provided storage space in the past. Both floors are floored. Lower floor – 9.0m x 4.5m, excluding stairway, its walls & ceiling are timber lined. Upper floor – 10.0m x 4.8m.

Floor Area

All measurements are approx. & of the gross internal floor area of the accommodation.

  • Ground floor - 155 sq.m;
  • First floor - 70 sq.m;
  • Outbuilding (both floors) - 90 sq.m and
  • External courtyard - 32 sq.m


Owner Vacant Possession, except for the ATM, associated secure room and right of access thereto which 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 a 3 month rent free period at the commencement of the lease. The Tenant will insure the ATM unit only. In addition the tenant will be permitted to install a CCTV system in connection with the ATM. The Tenant will remove the ATM and any CCTV system at the end of the lease term. The lease will be on standard terms and cannot be negotiated by the purchaser – it is recommended that interested parties inspect the lease terms which are available from the seller’s solicitors, DLA Piper Scotland. The vacant property will be sold subject to certain restrictions preventing the following uses: Business 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.


Mains water; mains drainage; mains gas central heating; mains electricity. The Tenant will make a £300 per annum payment to the Landlord during the lease as a contribution towards the electricity costs of the ATM.


Aberdeenshire Council, Viewmount, Arduthie Road, Stonehaven, AB39 2DQ. Tel: 01569 768300. Email: Market Square lies within Stonehaven’s Conservation Area.

Rateable Value

£25,000. The rateable value will require re-assessment to reflect the alterations arising from the separation of the ATM.


Band E


By prior arrangement with the auctioneers, SVA Property Auctions Ltd. Tel – 0131 624 6640.

Joint Auctioneers

GVA (Edinburgh) Tel: 0131 469 6070.

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