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SVA Property Auctions Ltd. Scotland’s independent auction service. Hammering home the advantage of a full auction service.

Press Release

SVA PROPERTY AUCTIONS NOVEMBER 2017  
 

November 2017


FORMER BANKS BRANCHES AND VICTORIAN NURSING HOME TO GO UNDER THE HAMMER

Idyllic plot for island home up for sale

SVA Property Auctions, Scotland’s independent auction service, will be putting 14 lots under the hammer on Wednesday 22nd November at the Trades Hall of Glasgow.

This is the second of two November auctions, following on from a successful sale on the 2nd November which raised £2.2 million and saw all but three properties sold. Two former Edinburgh bank branches were the source of highly excitable auction room bidding with the former bank at Home Street selling for £600,000, more than 50% more than was anticipated and the branch at Forrest Road selling for £760,000, at least £100,000 over the guide price.

And if its former bank branches that are raising the temperature in the auction room, there’s more theatre in store with the second November auction offering five more former bank branches for sale in Invergorden, Aberdour, Lochmaben, Alyth and Kilmalcolm.

Lot 1, a vacant site on the Isle of Jura, is also generating a good deal of pre-auction interest. The 0.2 acre site by Jura Parish Church, Craighouse affords stunning views over Small Isles Bay and is being guided at £12,000. The plot would lend itself to a residential build, although this would be subject to the buyer obtaining the relevant consents.

At the other end of the auction budget scale is another attractive investment opportunity. The former Victorian care home Rockville, on Shore Road, Garelochhead is going under the hammer guided at £260,000. Situated on the attractive Roseneath Peninsula, the property enjoys views across the Firth of Clyde, with good local amenities and easy access to both Glasgow and Loch Lomond.

Says SVA Director and auctioneer, Shaun Vigers: “Whilst the property would certainly benefit from a dose of TLC, it is a solid, stone construction with a raised deck patio overlooking gardens and ample on-site parking. It is not too big to lend itself to residential conversion, but would equally be ideal for transformation into a boutique hotel, guest house or outward-bound facility.

The next SVA Property Auctions sale will take place at 2pm at the Trades Hall of Glasgow on Wednesday 28th February 2018.

-ENDS

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

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