SVA logo

13 Great King Street
Edinburgh
EH3 6QW
Tel: 0131 624 6640
Email: info@sva-auctions.co.uk

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

Forthcoming Lots

Lot 14

10 ST JAMES TERRACE, LOCHWINNOCH ROAD, KILMACOLM, PA13 4HB

Former Bank Premises with Potential for Alternative Use, Income £3000 p.a. from ATM Letting

Location

Situated some 8 miles from Greenock and only 15 miles west of Glasgow, Kilmacolm is a sought-after location with an attractive town centre. St James Terrace forms part Lochwinnoch Road and is situated opposite the Community Centre, Library and the town’s main car park. Local traders occupy the adjacent units and a new development of two retail units and prestigious flats is under construction nearby.

Description

The property comprises the ground floor of a 3 storey mid-terrace red sandstone block under a pitched and tiled roof, with single storey rendered brick extensions to the rear. The property has a frontage of 31’ 7”, part of which is occupied by an ATM unit (see Tenancy and Tenure sections below). Internally the accommodation comprises the former public banking area, interview rooms/offices, 2 strong rooms, staffroom and toilets. The removal of some partitions would allow the creation of more open plan space within the unit.

Floor Area

140.19 sq.m. (1,509 sq.ft) approx.

Planning

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 Renfrewshire Council, Development Management on Tel: 0300 300 0144 or Email: dc@renfrewshire.gov.uk

Rateable Value

£8,300 The property will require re-assessment to reflect the alterations arising from installation of the ATM and the resultant changes to the floor space.

EPC

Band E

Tenure

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.

Tenancy

ATM: The site of the ATM unit together with an area immediately to the rear of the unit will be the subject of a new lease to the Royal Bank of Scotland PLC for a term of 5 years at a rent of £3,000 p.a. The lease will be subject to a three month rent free period. In addition, the Tenants will be granted a Right of Access, at all times, from the front door of the premises, to the ATM unit for the purposes of servicing it and the tenants will install secure CCTV to monitor the ATM unit. We recommend that interested parties inspect the lease plan which is available from the Seller’s solicitors, DLA Piper Scotland.

Services

The purchaser will be responsible for the electricity supply to the ATM. 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.

Viewing

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

Joint Auctioneers

Bilfinger GVA (Glasgow) Tel: 0141 305 6398.




Web Design by Metro Multimedia