Former Oldham bank set to go under the hammer

Picture courtesy of Pugh Auctions

An abandoned bank in Oldham is set to go under the hammer less than a year after it was closed.

The former Royal Bank of Scotland branch on Rochdale Road in Shaw has been put up for auction with a guide price of £100,000.

The near 3,000 sq ft, two-storey building, was closed in January as part of a planned UK programme of branch closures by the banking group.

Ahead of the auction, which is due to take place at the AJ Bell Stadium on 16th July, the property is being described as “A prominently positioned two storey former bank approximately 244 sq meters (2,630 sq ft). The property would suit a number of uses subject to the necessary consents.”

Oldham Bank RBS 3, cropped

Paul Thompson, managing director of auction house Pugh, said: “With its large arched windows and decorative masonry this former bank building is a distinctive property in the centre of a busy town.

“These unique and interesting properties often come onto the market via our retail banking clients as they re-evaluate their bricks and mortar assets and expand their digital services.

“The building itself is in a good location, with excellent links to Rochdale, Oldham and the north west motorway network, and has great potential for redevelopment, subject to the buyer obtaining planning consent.”

Oldham Bank RBS 4, cropped

For more information on the former bank, and to view the full auction catalogue, go to www.pugh-auctions.com.

 


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