Press Release

SVA Property Auctions, Scotland’s independent auction service, will be putting 31 lots under the hammer on Wednesday 30th June at the Swallow Hotel in Glasgow.

The auction portfolio features a range of publicly and privately owned properties in the commercial and investment sectors as well as a number of redevelopment opportunities.

One of the auction highlights is an extensive equestrian complex at Muirhill, near Ayr, for which SVA Property Auctions is acting jointly with DMH Baird Lumsden.

The property extends over 14 acres and comprises two good sized indoor arenas, a collecting ring, a timber grandstand, judges’ box, cafe, bar and food servery. The lot also includes a five bedroom, traditional stone farmhouse with an adjoining 2 bedroom stone and slate cottage. A traditional stone byre adjoining the farmhouse is currently used for storage but offers development potential, subject to consents.

The Muirmill facility requires a reasonable amount of refurbishment work, but given the scope of the lot and its prime setting within easy access of Ayr, Kilmarnock and Glasgow, the lot is being guided at around £400,000.

Two sizeable reservoirs extending over 60.3 acres are being offered at auction by Scottish Water as part of its ongoing programme to dispose of surplus assets. The properties are located in a rural setting, 5 miles to the north east of Glenrothes and comprise Carriston Upper Reservoir, Carriston Lower Reservoir and a substantial area of ground. The upper reservoir has sporting and fishing rights included as part of the sale and this opens up the possibility of water based leisure activities on this reservoir.

Says Shaun Vigers, SVA Property Auctions director and auctioneer: “We have been selling reservoirs across Scotland for over a decade but this is the first time for a number of years that we have been able to offer substantial reservoirs in Central Belt. This obviously opens up considerable opportunities for leisure development and possibly even a commercial or domestic development, albeit restricted to a close association with a leisure initiative. We would expect to see the hammer fall on the Carriston lot at around £50,000.

A handsome office building on Lanark’s High Street is an attractive offer for anyone looking for a straightforward business investment. The detached, sandstone B-listed building extends over two floors and is currently let to the Scottish Agricultural College on a long lease until 2030. The property has a current rental income of £20,000 and is expected to secure around £200,000 at auction.

SVA Property Auctions are pleased to welcome BT back to auction with the offer of a redundant radio station building on a 0.275 acre site on the Isle of Harris. This property may be suitable for a range of alternative uses, subject to planning consents and is likely to sell for around £20,000.

The Burns Tavern on Irvine’s High Street is another lot likely to attract local interest. The vacant pub extends over 6,300 sq ft across three floors and occupies a prominent site, close to the town centre. Internally, the accommodation requires refitting and some repair as well as some creative re-configuring to make the substantial space work harder.

After the June auction, SVA Property Auctions will be working towards the launch of the Autumn programme of sales, with the first auction of the 2010/2011 programme taking place on Wednesday 29th September at Glasgow’s Swallow Hotel.

 

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NB: Photography can be lifted from the enclosed catalogue with no copyright infringement or equally can be lifted from the website www.sva-auctions.co.uk

For further information, please contact Shaun Vigers, SVA Property Auctions on 0131 624 6640. or Alison Walker, AW Public Relations on 0141 620 0881.