Historic Rotherham bank with development potential next to Forge Island to go to auction for £180,000
A historic former bank in Rotherham town centre with the potential for conversion into apartments and commercial space is to go to auction next month with a guide price of between £180,000 to £200,000.
The stone-built property on Corporation Street dates from 1892, when it was built as the first branch of the Sheffield Banking Company. It later became a NatWest branch but has been disused for several years and is now in need of refurbishment and conversion.
The three-storey building will feature in the online auction held by BTG Eddisons Property Auctions on 13 October.
A spokesman said: “A scheme has already been drawn up to develop two ground-floor commercial units, one with a lower-ground floor, alongside a mix of one and two-bedroom apartments on the upper floors of the former bank, subject to planning permission and other necessary consents.
“The 8,597 sq ft property retains many of its original features, including its basement strong rooms, and is currently configured with an open-plan ground floor and meeting rooms and office space across the upper floors.
“The building neighbours Muse and Rotherham Council’s £47m Forge Island regeneration project, which has transformed a former industrial site in the heart of Rotherham into a waterside leisure destination with an eight-screen cinema, 69-room hotel, restaurants and bars.”
James Vandenbrook, director at BTG Eddisons Property Auctions, said: “The location is a huge attraction because the Forge Island development has brought a new leisure and visitor destination right into the heart of Rotherham, and this former bank sits alongside it.”
He added: “The building itself is also an attractive and historic property, with a proposed scheme showing the potential for commercial space at ground floor level and apartments above.
“The new Riverside Gardens and Corporation Street improvements will enhance the area even further, creating a better pedestrian connection between the town centre and Forge Island, as well as new green space and places to sit and enjoy the riverside.”
The property is being offered with a guide price of £180,000-£200,000 and will feature in BTG Eddisons Property Auctions’ online auction on 13 October.
For further details and bidding information, visit www.btgeddisonspropertyauctions.com.