10 out of 10 for SVA Property Auctions
SVA Property Auctions, Scotland’s independent property auction company, has sold 100% of the 10 lots offered at its third live-streamed auction, raising over £429,000.
The auction drew a very busy “virtual” room, with a strong core of engaged buyers and some extremely competitive runs of bidding.
Commenting on the positive auction mood, Shaun Vigers, SVA Property Auctions Director and Auctioneer said: “We were very pleased with the results of this auction. Not only were the numbers of potential buyers and active bidders very buoyant, but we had a great deal of interest and commitment prior to the auction and then, on the day, the hammer fell on excellent prices across the board.”
The catalogue was dominated by lots comprising sites, which included three Scottish Water properties – perhaps reflecting an increasing interest in rural development projects. Says Vigers:
“The last couple of auctions have seen both buyers and vendors quite focussed on parcels of land in attractive countryside settings. This is perhaps related to the ease of covid compliant viewing and potentially also an interest in creating a living, working or recreation space away from where the pandemic has been spread.”
One of the highlights of the June auction included a substantial parcel of woodland near Helensburgh, not dissimilar to the Kennel Wood lot which generated significant interest in the March auction. The 15.5 acre lot at Glenoran Estate, Rhu, occupies an elevated position overlooking Gare Loch and the Firth of Clyde and was originally the site of a grand house owned by Charles Kidston, of the locally well known Kidston family.
Little remains of the original house although some of the terraced gardens and ornamental trees have left their mark and blend in with the mix of deciduous and evergreen trees which largely cover the site. The lot, which was guided at £30,000, started bidding at £15,000 and quickly escalated to £125,000 with 15 parties registered to bid and with a wide range of interests in the property from woodland conservation to perhaps those identifying opportunities for development of the site.
Another plot of ground in Ladysbridge Cottages, a residential area near Banff, sold for £42,000 under the hammer. Pre pandemic, the 0.31 acre lot had been offered and failed to sell with a price tag of £30,000, bolstering SVA Property Auctions’ sense that rural plots are enjoying good buyer interest.
A further successful land sale, but this time including derelict buildings, was the former Polmonthill wastewater treatment works off Avondale Road in Polmont. The 11.71 acre site sold, following extremely competitive bidding for £98,000, over double the expected price. With potential for a variety of alternative uses, Vigers describes the plot as “a blank canvas”.
The next SVA Property Auctions sale will take place at 2pm on Wednesday 25th August 2021. Details of how to register and take part in remote bidding are available on the SVA Property Auctions site https://sva-auctions.co.uk
For further information, please contact Shaun Vigers, SVA Property Auctions on 07979 367393.