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Press Release

SVA PROPERTY AUCTIONS LTD
 

February 2019

 

 

 

 

 

SCOTTISH WATER AND THE CHURCH OF SCOTLAND PUT PROPERTIES UNDER THE HAMMER

 

Redundant assets provide opportunities for residential conversion

 

SVA Property Auctions, Scotland’s independent auction service, will be putting 19 lots under the hammer on Thursday 28th February at the Edinburgh Marriott Hotel.

 

The first auction of the 2019 programme sees the return in force of regular vendor Scottish Water to the auction room after a quiet interlude. Scottish Water has 9 lots in the February sale, including five redundant tank sites in the Dumfries and Galloway area - three in Lockerbie and one each in Dumfries and Canonbie. Shaun Vigers, SVA Property Auctions director and auctioneer, believes the former tank sites will sell at auction for between £1,000 and £5,000. He says: “We have been selling assets which are surplus to requirements for Scottish Water for around 20 years now and there remains a consistent interest in these unusual lots. Buyers either have very creative ideas for redevelopment or simply want to own a little piece of Scottish wilderness. I am confident that there will be a good level of interest in these Dumfries and Galloway properties. There is also a rare opportunity to acquire a tank site on the Isle of Barra, which commands stunning views”.

 

Scottish Water is also offering some substantial properties across Scotland, such as the former water treatment works in the attractive hamlet of Little Grave in Ross-shire. The property, previously used for water treatment, could be easily adapted for use as storage or, if correct permissions could be obtained, converted to residential purposes or demolished to form a two house plot. This lot is being guided at a minimum of £40,000.

 

SVA Property Auctions welcomes the Trustees of the Church of Scotland to the auction room for the first time with two residential properties for sale. A spacious detached bungalow in rural Blackhills near Peterhead is going under the hammer for a guide price of £150,000. The property has three living rooms, three bedrooms, a conservatory and a semi-detached single garage. It is positioned on a good sized, south facing corner site. A second property being offered by the Church of Scotland is a two bedroom top floor flat within an attractive three storey traditional, stone building in Port Glasgow. The flat has lovely views to the front, some original features and has gas central heating installed. There has, however, been some exploratory work done in the roof space and it is likely that some remedial work will need to be carried out. The auctioneer anticipates that the property will sell for around £45,000.

 

Former bank premises have been a regular fixture in the SVA Property Auctions catalogue over the last couple of years and the February auction is no exception. Situated in Tain town centre is the two storey former bank, a building with a stone frontage on the High Street and a harled finished rear looking onto a yard area. Tain is an attractive town on the east cost of Easter Ross, 33 miles north of Inverness, in the heart of whisky distilling country. The Glenmoragnie Distillery Visitors’ Centre is on the doorstep, as are a choice of excellent golf courses and walks. The property affords considerable potential to be subdivided - perhaps into residential use upstairs and retail or office space on the ground floor. It is expected that bidding will be enthusiastic and that the price will settle between £95,000 and £100,000.

 

The next SVA Property Auctions sale will take place at 2pm on Wednesday 1st May at the Trades Hall, Glasgow

 

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

 

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