Scottish bank vault up for sale

A fortified banking hub in Glasgow belonging to the Royal Bank of Scotland (RBS) has been put up for sale.

The 26,000 ft, six-storey Dale House on West George Street was an RBS cash and coin centre, supplying money to all branches of the bank in the West of Scotland, until November 2009, when operations were transferred to Edinburgh.

It is now being sold via agents, Jones Lang LaSalle (JLL), who believe its central location and unique construction would make it ideal for the ambitious designs of a plucky developer.

Angela Pirie from JLL, said: “We are already receiving enquiries from parties considering a wide range of uses for the building, from those who would benefit from the existing fit-out as well as developers specialising in the refurbishment of city centre office premises.”

JLL is selling the building on behalf of Vail Williams, the receivers of the Liberty II portfolio in England.

Features of the premises include CCTV, two vaults, a control room and its own dedicated sub-station. Cash handling and counting machinery, as well as the vehicle loading bays with secure double doors where the money was delivered, are still in place.

It was originally built for the Bank of England but was sold to RBS in 1981. It was named after David Dale, a philanthropist and entrepreneur, who was made RBS’s first Glasgow agent in 1783.

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