Lot 101l

Guide Price: £50,000 - Bid Now

21 High Street , Lochmaben, DG11 1NG


Key Features:

PRIME VACANT former RBS BANK (circa 800 square feet) + ATM LET at £2000 p.a in a Traditional ICONIC Detached C LISTED Building - therefore NIL RATES payable whilst vacant indefinitely - RENTAL POTENTIAL £9,000 p.a for bank + £2,000 p/a guaranteed income from ATM (Let RBS on NEW 5 year lease). ***RENTAL POTENTIAL OVERALL £11,000 p/a***VAT FREE PROPERTY. Dumfries - 8 miles Carlisle - 35 mins


  • **ATTRACTIVE BUILDING.*** EXCELLENT SIZE - 800 SQUARE FEET CIRCA (INCLUDING toilets circa 1000 SQUARE FEET). Benefits from Class 1 and 2 use therefore ideal retail shop/convenience/hairdressors/beauty salon/nail bar or office use - dentist/optician/financial services office etc. Rental potential of the ground floor is up to £9,000 p.a therefore potential to generate up to £11,000 p/a income.
  • **IMPOSING FRONTAGE.** Internally there is an entrance lobby leading to rooms on either side of the building. To the left is a room which contains an ATM part. On the right side there is a large room formerly containing the bank counter and office areas - good quality lighting and an electric wall heater. Secure book/strong room and a store room, additional cupboard, a store, female and male toilets.
  • SUPER FRONTAGE near the doctors surgery, post office and several independent shops. Ample is on-street parking available. Lochmaben is a small town that boasts three lochs and is 8 miles from Dumfries. The lochs in and around Lochmaben - Kirk Loch, Castle Loch and Mill Loch.
  • Property would make an idea coffee shop/ sandwich shop or dentist / opticians given size, location and lay-out. Well placed unit within a busy area and provides an opportunity for office or retail use.

Description:

RENTAL POTENTIAL of vacant property up to £9,000 p.a + £2,000 p/a income GUARANTEED from the ATM (Let RBS on a new 5 year lease). ***RENTAL POTENTIAL OVERALL £11,000 per annum***VAT FREE PROPERTY.*** Super frontage. Former Bank Premises on Ground Floor. PRIME VACANT former RBS BANK (circa 800 square feet) + ATM LET £2000 p.a of a Traditional ICONIC Detached C LISTED Building - therefore NIL RATES payable whilst vacant indefinitely Dumfries - 8 miles (15 minutes) Carlisle - 35 minutes ***ATTRACTIVE BUILDING.*** Lochmaben is on the A709, 4 miles from Lockerbie/M74 and 8 miles from Dumfries. EXCELLENT SIZE - 800 SQUARE FEET CIRCA (excluding toilets INCLUDING CIRCA 1000 SQUARE FEET). Benefits from Class 1 and 2 use therefore ideal retail shop/convenience/ hairdressors/ beauty salon/nail bar or office use - dentist/optician/financial services office etc. Rental potential of the ground floor is up to £9,000 p.a therefore potential to generate up to £11,000 p/a income (the ATM is guaranteed £2,000 per annum rental NEW 5 YEAR LEASE TO RBS BANK). SUPER FRONTAGE near the doctors surgery, post office and several independent shops. Ample is on-street parking available. Lochmaben is a small town that boasts three lochs. The lochs in and around Lochmaben - Kirk Loch, Castle Loch and Mill Loch - provide excellent opportunities for sailing and fishing. ***VERY POPULAR TOURIST TOWN IDEAL FOR HOLIDAY RENTALS.*** ***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.

Location:


The former RBS occupies a prominent position in the town centre in a central and highly visible position enjoying plenty of passing traffic with street parking immediately outside. Lochmaben is located on the A709, 4 miles from Lockerbie/M74 and 8 miles from Dumfries. The town has a wide, tree lined main street with a Town Hall at one end and Lochmaben Church at the other. These together with traditional styled dwellings and shops make the High Street a most attractive setting. The town has three lochs, one of which has Lochmaben Castle on its banks. The castle was built in 1298 by King Edward I of England and was subject to many sieges and attacks. The area is popular with tourists and walkers. PROPERTY MAY BE AN IDEAL COFFEE SHOP/TOURIST SHOP/SANDWICH SHOP.

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.

Guide Price: £50,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


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 required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.












Open Viewings Scheduled:


  • Tuesday, July 17, 2018  :  9.30am -> 9.45am


Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. 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 Date:

    01 August 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


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% (minimum £3,000 or lower if specified) 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.