Greater Manchester banks to go under the hammer in Pugh's next NW Property Auction


Written by: Paul Thompson on 22nd November 2018

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Greater Manchester banks to go under the hammer in Pugh's next NW Property Auction

Three banks in Greater Manchester which have been closed down by RBS to cut costs are to be auctioned off next month.

The banks in Middleton, Levenshulme and Ashton are due to go under the hammer at the auction held by Pugh, which will be held at the AJ Bell Stadium in Manchester on 6 December.

In Middleton the 5,000 sq ft, three-storey former bank, which closed in August, is being auctioned with a £105,000 guide price.

Levenshulme’s 2,000 sq ft, two-storey RBS is being sold with a neighbouring double fronted retail unit, with a total guide price of £200,000.

In Ashton, the 3,000 sq ft, two-storey RBS, which closed in July, has been given a guide price of £170,000.

Paul Thompson, managing director of Pugh auction house, said: “People are dramatically changing the way they access their bank’s services.

“As a result, our banking clients are re-evaluating their high street assets and we are handling the sale of a number of retail bank properties.

“These three former Manchester RBS properties all have potential for change of use, subject to planning consent. They are in good, central locations, with solid footfall levels.”



Written by: Paul Thompson on 22nd November 2018

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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.

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