SVA Property Auctions, Scotland’s independent auction service, will put 21 lots under the hammer on 1st March at the Edinburgh Marriott Hotel, coming from as far north as Sutherland to Peebles in the south.
The Edinburgh auction will list five former bank branches, including the ground floor property on Main Street, Cambuslang, part of a handsome end terrace three storey stone corner block. The lot includes the lease of an ATM unit, which will generate an income stream of £3,000 for the buyer.
Says Shaun Vigers, SVA Property director and auctioneer, “We have sold over thirty former bank premises over the last few years and they have been popular in the auction room. We are therefore anticipating that bidding will settle for this particularly attractive building at around £135,000.”
There is also a very attractive lot of 1.77 acres at Lauder Road in the Borders town of Stow. The village has new residential development and a station on the new Borders railway link has given the economy a significant boost. The plot is ideal for a development of six houses and the principle of residential development has been established with Scottish Borders Council. The auctioneers believe it will sell for around £325,000.
Shaun Vigers, director and auctioneer, says, “We offer properties which have not previously been exposed to the market and we know from feedback from buyers and vendors that this has been a key factor in their decisions to participate in our auctions.”