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SVA Property Auctions Ltd. Scotland’s independent auction service. Hammering home the advantage of a full auction service.

Press Release

SVA PROPERTY AUCTIONS LTD
 

March2019

 

 

 

 

 

SVA Property Auctions achieve 100% success for Scottish Water lots

Attendees at auction were there to do business

 

SVA Property Auctions, Scotland’s independent property auction company, has achieved sales of over £800,000 and sold 94% of 17 available lots at its February auction in Edinburgh.

 

Says Shaun Vigers, SVA director and auctioneer: “This was a small but perfectly formed auction and whilst it was not the busiest room we have ever had, the people who were there were definitely there to do business, which I think is very encouraging in this current climate. We were particularly pleased to achieve a 100% success rate on the 9 Scottish Water properties in the auction, raising just over £230,000 for the client to re-invest in the business.”

 

One of the highlights of the Scottish Water property sales was the redundant Buchley pumping station on Balmuildy Road in Bishopbriggs, which was sold under the hammer for £108,000, twice as much as we had pegged the guide price.

 

Another welcome surprise in the auction was the sale of Scottish Water’s redundant water tank on a 400 square metre site on the Isle of Barra. Says Vigers: “We would have been pleased with £5,000 but probably due to the scarcity of new sites coming onto the market on the island, a run of competitive bidding drove the lot up to a selling price of £20,500.”

 

Former bank branches continue to sell well at auction and February’s auction was no exception with three former branches in Tain, Beauly and Bridge of Don selling for a total of nearly £400,000.

 

SVA Property Auction’s next sale is on Wednesday 1st May at 2pm at The Trades Hall of Glasgow.
 

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

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