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Lot 9

21 HIGH STREET, LOCHMABEN, DG11 1NG

Former Bank Premises with Potential for Alternative Use, Income £2,000 p.a. from ATM Letting

Location

Lochmaben is a small town located on the A709, 4 miles from Lockerbie/M74 and 8 miles from Dumfries. The town has a wide, tree lined main street with a Town Hall at one end and Lochmaben Church at the other. These together with traditional styled dwellings and shops make the High Street a most attractive setting. The town has three lochs, one of which has Lochmaben Castle on its banks. The castle was built in 1298 by King Edward I of England and was subject to many sieges and attacks. The area is popular with tourists and walkers.

Description

The property comprises part of the ground floor in a two storey building. The first floor is residential and is not part of the property for sale. The C listed building dates from the 19th century and has harled walls and a central pilastered entrance door. Internally there is an entrance lobby leading to rooms on either side of the building. To the left is a room which contains an ATM “Vulcan” unit to which the sellers will retain a right of access – see Tenancy and Tenure sections below. On the right side there is a large room formerly containing the bank counter and office areas. The room has good quality lighting and an electric wall heater. The counter, a safe and some other fittings have been removed and some renovations will be required as a result. On one side of the room is a secure book/strong room and a store room. A corridor leads to a cupboard, a store, female and male toilets and a staff room with a sink. Heating is provided by electric wall heaters.

The property is in a central and highly visible position in the town and enjoys plenty of passing traffic with street parking immediately outside. With these benefits the property is ideal for a variety of office or retail uses subject to necessary consents.

Accommodation

Location sq.m. sq.ft.
Entrance Lobby 2.1 sq.m. 68 sq.ft.
Main Office 33.2 sq.m. 357 sq.ft.
Book Room 1.4 sq.m. 15 sq.ft.
Storeroom 2.4 sq.m. 26 sq.ft.
Storeroom 1.0 sq.m. 11 sq.ft.
Staff Room 10.3 sq.m. 111 sq.ft.
ATM Room 13.0 sq.m. 140 sq.ft.
ATM Storeroom 5.3 sq.m. 56 sq.ft.
Total Excl Toilets
(approx. common areas)
72.8 sq.m. 784sq.ft.

Planning

The property is suitable for office and retail use. Alternative uses may be possible and interested parties should make their own enquiries to Dumfries and Galloway Council, Kirkbank House, English Street, DG1 2DD. Tel: 01387 260199.

Rateable Value

£4,400. 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.

EPC

Band F

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

The ATM, and associated servicing area/access will be subject to a new lease to Royal Bank of Scotland PLC for a term of 5 years at the rent of £2,000 p.a. The lease will be subject to a 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.

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.




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