COMMERCIAL PROPERTY AUCTION FEATURES 17 LOTS ACROSS SCOTLAND
Shepherd Chartered Surveyors’ latest commercial property auction, featuring lots throughout the length and breadth of Scotland, is scheduled for broadcast live online with remote bidding on Tuesday 28 th February at 2.30pm.
Its catalogue features a wide range of commercial property and development land opportunities across Scotland with guide prices starting at only £7,500.
The auction starts with a two-storey end-terraced residential development opportunity occupying a prime location close to Stirling city centre with a guide price of £20,000. Acting on behalf of Transport Scotland, Shepherd is offering for sale three fields at Upper Murthat, Moffat in the Annandale district of Dumfries & Galloway.
The firm has been instructed by Forestry and Land Scotland to sell two small sites at School Wood, Forestmill in Alloa at a guide price of £7,500. The site would make an excellent residential development opportunity, subject to planning consent.
Also going under the hammer is a large, detached hotel enjoying a prominent town centre location in Castle Douglas with scope for continued commercial use or possible residential conversion opportunity, subject to planning consents. This lot has a guide price of £165,000.
And a substantial former care home with 45 bedrooms at Grantown-on-Spey, suitable for a range of alternative uses (subject to planning consent), has a guide price of £260,000.
Meanwhile, with a prominent corner location on Perth’s High Street, a retail unit with a guide price of £495,000 is occupied and trading as Bob & Berts coffee shop with an annual rent of £40,000 representing a net initial yield of 7.73%.
Steve Barnett, managing partner at Shepherd Chartered Surveyors, said: “Our commercial property auctions add an online offering to our local and national service to clients assured by the guarantee of expert advice from a team of fully-accredited professional chartered surveyors operating throughout Scotland.
A growing number of commercial property purchasers, investors and vendors are becoming well versed in transacting via our on-line auction site and we are pleased to be selling a number of assets on behalf of various public sector organisations through our Scottish Government disposal contract.”
He added: “Auctions offer the ability to sell all types of commercial property through our expansive network whilst being able to offer transparency and simplicity of the process. However, our offering goes further in that we are able to offer the local market advice from our in-house team of Chartered Surveyors.”
The online auction involves the posting of various lots online for which the auctioneer invites pre-authorised buyers to post bids via a live broadcast. This live broadcast will witness a significant level of competitive bidding as a number of the lots are already attracting widespread interest.