Property Details

Lot 1q

Guide Price: £215,000

245/247 Saracen Street, Former RBS Bank, Glasgow, G22 5JW


PRIME CORNER Former RBS BANK + Upper 1st Floor - easily 2 FLATS (1 Bed + 2 Bed Flats subject consents) + £3,000 p/a income from ATM. ***RENTAL POTENTIAL OVERALL £25,600 per annum*** 2 miles to Glasgow City Centre near Greggs, William Hill, Dentist Asset Management Opportunities. SUPER PITCH.


  • Former Bank Premises on Ground and First Floors with Potential for 2 Flats on 1st Floor or 1 super flat (subject consents). PROMINENT CORNER SITE - BEST ON SARACEN STREET. Enjoys excellent frontages to both Saracen and Bardowie Street's. Ground Floor 1,073 SQUARE FEET. Bright open plan former banking area, private offices, storage and strong room.
  • Immediate INCOME from the site of the ATM Bastion unit is subject of a new lease to the Royal Bank of Scotland PLC for a term of 5 years at a rent of £3000 p.a. Ground Floor Vacant unit rental potential of circa £13,000 per annum suitable for most office and retail. The substantial 1st floor has potential for commercial or residential uses - EASILY 2 BRIGHT SEPARATE FLATS - A 2 BEDROOM + 1 BED FLAT (subject consents).
  • Previous uses of the 1st floor appear to have included - flats, a surgery and offices. Therefore could be split off for multiple uses or even sold /let separately. Internal stairs provide access to the first floor. The premises have electric heating, and the majority of the ground floor has suspending ceilings with integral lighting.
  • PRIME CORNER Former RBS Bank + 1st Floor

***NEW ENTRY*** PRIME former RBS BANK WITH with CLASS 1 + 2 CONSENT. 2 miles from Glasgow City Centre. Near Greggs, William Hill, Co-operative Funeralcare, Doctors Surgery, Dental Surgery. **Excellent trading position.** Potential Rental Potential overall £25,000 circa per annum of ground floor, 2 flats (once completed formally upper floor has been flat) & ATM. Broken down - A) Ground Floor Prime Corner Shop potential rental £13,000 per annum. B) 2 Bed Flat potential £5,100 per annum (£425 PCM). C) 1 Bed Flat potential £4500 p/a (£375 PCM). D) ATM area let at £3,000 per annum on a 5 year lease. TOTAL = £25,600 PER ANNUM. Ground Floor: Open Plan Former Banking Area: (714 sq.ft). Offices. (200 sq.ft). Stores, Strong Room etc (159 sq.ft). Separate let ATM Room - 5 YEAR LEASE TO RBS at £5,000 p.a. 1st Floor could easily be 2 SEPARATE FLATS accessed from the common close. 1) A 2 Bedroom Flat with 2 Bedrooms. Living Room. Kitchen & Shower-room and 2) A 1 Bedroom Flat - Living Room. Kitchen. Bedroom & Shower-room. Each flat has potential for doors from common close. Ideal commercial PROPERTY priced for a fast sale. ***VAT FREE PROPERTY VAT IS NOT PAYABLE ON THE PRICE.*** Ground Floor - ideal for owner occupation or letting to LETTINGS AGENTS, ESTATE AGENCY, DENTIST, OPTICIAN, FUNERAL DIRECTORS, OFFICE and most RETAIL uses except for some uses including money lending, pawnbrokers, gambling businesses. Excellent spot WOULD LET WELL. Ideal commercial investment property VAT FREE and priced to sell fast.

Guide Price: £215,000

Bid Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Open Viewings Scheduled:

  • Saturday, July 22, 2017  :  3.00pm -> 3.15pm
  • Tuesday, July 25, 2017  :  3.00pm -> 3.15pm
  • Thursday, July 27, 2017  :  3.00pm -> 3.15pm

Internal Open Viewings Explained:

This property will be open for internal viewings at the above dates and times. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.

Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form

Auction Details


  • Auction Date: 01 August 2017
  • Start Time: 7.00pm
  • Auction Location:
  • Glasgow Radisson Hotel
  • 301 Argyle Street, G2 8DL

Directions: View a Map & Directions to the Auction Venue.

Glasgow Radisson
| Edinburgh Marriott

Registration: You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs: All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits: If you are a successful purchaser of a lot then a deposit of 10% will be required. The deposit is accepted by the following methods:

Deposit Method: Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.