Member Article

Historic former Carlisle RBS branch to be sold at auction

The former Royal Bank of Scotland branch on Lowther Street in Carlisle is to go under the hammer at auctioneer Pugh’s online property sale next week.

The 5,500 sq ft grade II listed building, which closed in November 2018 along with RBS’s Castle Street branch, has been given a £275,000 guide price and consists of a four storeys as well as a basement.

Pugh associate director Paul Parker said: “The former RBS branch is a striking and historic building and lies with the Carlisle city centre conservation area as well as being a listed building.

“Not surprisingly we have had high levels of interest in the property from investors and there are numerous imaginative redevelopment possibilities that could see this splendid building become an useful asset to the city once again, subject to a buyer obtaining the necessary planning consent.”

Bidding on the former RBS branch, and the other lots in Pugh’s online auction, opens on 19 October and closes the following day. To view the full catalogue, go to www.pugh-auctions.com

Since the onset of the coronavirus pandemic Pugh has sold lots totalling over £70m at its auctions, held on the firm’s online platform.

This was posted in Bdaily's Members' News section by Emma Kilmurray .