Inaugural online commercial property auction set to launch

The Mary Kirk

SHEPHERD Commercial Property Auctions has revealed it will launch its first online auction on December 9 when 25 lots with a combined total guide price of £5.5 million will be up for sale.

In addition to 10 retail units within a retailing parade in Grangemouth town centre at a guide price of £1.49 million, the auction will feature: a retail investment let to Tesco at £980,000; a former Bank of Scotland premises in Helmsdale on the North Coast 500 tourist route at £35,000; The Mary Kirk at Alves, near Elgin in Moray at £40,000 and a refurbished Brewdog pub investment in Peterhead at £95,000.

Barry Dunlop, head of Shepherd Commercial Property Auctions, said, “The fact that our first ever online auction will be held during a period when much of Scotland will be in a Tier 4 lockdown demonstrates how the market has been able to respond and adapt to the ‘new normal’ of digital on-line auctions and transactions.

“The response to the launch of our online commercial property auction has far exceeded our expectations and, as evidenced by the range and quality of properties on offer at our very first auction, validates our view that auctions offer the market a transparent and simple process for buying and selling commercial properties.

“Our first online auction represents a tremendous opportunity for enterprising developers and investors to secure a range of unique properties with exceptional potential.”

The auction will be held on 9th December 2020 at 2.30pm and interested parties should register at: