Former Carlisle bank to go under hammer with £50,000 price tag


Written by: Paul Thompson on 10th September 2021

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Former Carlisle bank to go under hammer with £50,000 price tag

Carlisle’s former Royal Bank of Scotland branch is set to go under the hammer later this month, with a guide price of £50,000.

The Castle Street 2,000sq ft property consists of a ground floor, basement and mezzanine.

It is being auctioned by Pugh and has a long leasehold, expiring in 2065. 

The Royal Bank of Scotland branch closed in 2018.

Pugh managing director Paul Thompson said: “As the number of high street bank branches have decreased with the shift to online and mobile banking, we have seen an imaginative range of new uses for former banks.

“This former RBS branch is in a great city centre location with excellent rail and road transport links and, subject to a buyer gaining planning consent, there are any number of potential investment and redevelopment opportunities that could see the building continue as a useful asset to the city.”

Bidding on the former RBS branch, and the other lots in Pugh’s online auction, opens on September 21 and closes the following day. 



Written by: Paul Thompson on 10th September 2021

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About the Author

Paul is a Chartered Surveyor and member of the National Association of Valuers and Auctioneers (NAVA). He is also one of the few auctioneers in the country with a position on the RICS Real Estate Auction Committee.