Former banks have been put up for 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.
RBS Levenshulme
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.
The banks were hit by the rise of online banking and their has been a wave of closures across the North West. RBS said that since 2014 the number of transactions carried out in its branches had fallen by 30%, while mobile transactions had increased by 74% over the same period.
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.”
Established 26 years ago, Pugh is the largest auctioneer outside of London and was acquired by property consultant Eddisons in 2016.
