Historic department store and bank building could be yours for £200,000

A historic building in Bolton is set to be auctioned off to the highest bidder. The former Bradford and Bingley bank building in Oxford Street has been given an indicative price of £200,000, ahead of an online auction later this month.

Unit 1 Victoria Plaza was a department store before it turned into a bank. The upper floors of the four-story building have also been used as offices in the past.

It will be one of 75 lots offered at an online auction by Pugh on April 26.

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According to Pugh, the Victoria Plaza building suffered from water ingress, with the roof and upper floors both described as being in poor condition. Pugh said the upper floors of the 8,500 square foot building could be converted into homes if planning consent is obtained.

The building can be seen here as the Co-Operative Society in 1975

Paul Parker, Pugh’s Associate Director, said: ‘The property is in an excellent town center location right next to the magnificent Bolton Town Hall and there is a huge range of potential new uses, provided any new owner obtains the necessary planning permission.

“Bolton has several ambitious regeneration programs underway, including the development of the College of Medical Sciences at Farnworth and Crompton Place, which will be key to the £1.5billion transformation of the town centre. There are a lot of exciting changes happening in Bolton and it looks like a good place to invest.

Bidding on the Victoria Plaza property and the other lots in Pugh’s online auction opens April 26 and closes the following day. To see the full catalog, visit the Pugh website.

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