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Press Release


September 2018





14 former bank premises up for sale at auction


Restaurant premises in Dunfermline in walk-in condition to go under the hammer


SVA Property Auctions, Scotland’s independent auction service, will be putting 26 lots under the hammer on Wednesday 19th September at the Trades Hall of Glasgow.


This first auction of the busy Autumn season features a range of properties across the commercial and investment sectors as well as new-to-market residential lots.


14 of the lots to be offered in the auction room are former bank premises, many with considerable potential for either commercial enterprises or conversion to residential use. The handsome B-listed detached two storey building in Airdrie’s pedestrianised city centre is perhaps the grandest of the former bank premises for sale and, with car parking for 8 cars at the rear, would lend itself to alternative uses such as office premises or a restaurant. The guide price has been set at £210,000.


Another former bank premises in the bustling fishing and ferry port of Mallaig on the west coast is also attracting considerable interest. The property, which was originally home to the bank on the ground floor, also has a vacant 3 bedroomed first floor flat above and a small garden and single garage to the rear. The property occupies a prominent location in the town centre, overlooking the ferry terminal. Bidding is expected to settle at around £135,000 for this attractive and versatile lot.


For around £85,000, buyers have the chance to snap up a former bank premises in the conservation area of Campbeltown on the Kintyre peninsular on the set coast of Scotland. The property comprises the ground floor of a detached C-listed two storey traditional stone building, constructed around 1885 by the renowned Scottish architect Charles Kinnear. Says SVA Director and auctioneer Shaun Vigers: “This property is well placed on Castlehill in the town and offers an opportunity for a buyer to develop an attractive property for office or retail use or, if the necessary consents are obtained, to residential use.”


The vacant restaurant premises on Chalmers Street in Dunfermline was most recently trading as a Mexican restaurant and is in “walk-in” condition. Says Vigers: “There is already a premises licence in place which can be transferred to any new owner and the unit is in good repair with all fitted equipment in full working order and fully compliant. This area of Dunfermline, next to Pittencrieff Park is on the up and has seen a boost in footfall since the opening of The Seven Kings Pub & Restaurant around the corner. For a price tag of about £130,000 this property would be ideal for a restaurant venture.”


On the industrial side, one of the highlights of the September auction is a vacant detached pavilion style warehouse and offices on South Newmoor Industrial Estate in Irvine. The property is in excellent condition, is set within its own landscaped grounds and extends over 966 sq m. The warehouse has a 5 metre roller shutter door, polished concrete floors, a blown air heating system, an intruder alarm and CCTV system.  There are ancillary offices, a secure operations room, canteen and WCs off the main warehouse area and a link through to the reception. The lot is expected to raise around £300,000.


The next SVA Property Auctions sale will take place at 2pm at the Edinburgh Marriott Hotel on Thursday 22nd November.


For further information, please call Shaun Vigers, SVA Property Auctions on 0131 624 6640.

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