100% success for first auction of the 2022 programme

SVA Property Auctions, Scotland’s independent property auction company, achieved 100% success for its first auction of 2022 with all 11 lots being sold, many well in excess of the guide price.  It is the sixth auction to be held as a live-streamed event, following the successful format launched last year which has seen director and auctioneer Shaun Vigers at a rostrum, bringing the hammer down, in real time.

Says Shaun Vigers, “We continue to be very pleased with the way in which both our vendors and buyers have adapted to the live streamed auction process. I know for some it is convenient and efficient whilst others miss the atmosphere of the auction room and doing business face to face. However, we are grateful to have been able to maintain our auction service over the last two years and to see a growth from auction to auction of both registered bidders and attendees.”

The February auction pulled in considerable interest from across the country with 9 out of the 11 lots sold on the day in a competitive virtual room. Unusually 2 lots were sold prior to auction as a package – a retail investment just off Cambuslang High Street in Glasgow and a newly converted and renovated two bedroom flat above the property.

Highlights from the properties sold under the hammer included the former Tarbert Loch Fyne Visitor Centre on Harbour Street in Tarbert which was guided between £60, 000 – £70,000 but which sold for £126,000 on the day, following a run of highly competitive bidding from a number of locally based bidders with a strong interest in securing the property. The successful bid was from an established local business.

Another surprising star of the show was a store or workshop in the centre of Lochgilphead which, in spite of its rather neglected state of repair, attracted a great deal of enthusiasm from local interested parties, who pushed the price up to £35,000 from a guide price of around £20,000. The successful bidder does not live locally.

The redundant water tank on the outskirts of Leverburgh on Harris, may not initially have looked a dream site, but it was the view that captured the imagination of a cohort of up to 20 bidders both from nearby areas, further afield and even outwith Scotland. Located on the eastern edge of the village on a hillside used for grazing sheep, the site has commanding views over Loch Steisebhat, Leverburgh and surrounding countryside. With a guide price set at £3,000 – £5,000, it was clear that the view was worth a great deal more to many people and the hammer eventually came down on this 0.13 acre of island hillside at £14,000. Many of the bidding parties expressed their interest in the site as an ideal location for a permanent caravan or private camping site.

The substantial site at Stable Road, Shotts created considerable pre-auction interest, which did not immediately translate into a similar amount of bidding under the hammer with the lot failing to reach its reserve price. However, immediately after the auction an acceptable offer was received and approved by the Seller, with a post auction sale, still on full auction terms and conditions, being completed within the hour.

The next auction of the 2022 programme will take place on Wednesday 4th May at 2pm and will be a live streamed event.

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For further information, please call Shaun Vigers, SVA Property Auctions on 07979 367393