Historic former bank next to Forge Island going to auction for £180,000
The stone-built property on Corporation Street dates from 1892 and its location has been described as a “huge attraction”
A historic former bank in Rotherham town centre - with potential for conversion into apartments and commercial space – will go to auction next month with a guide price of £180,000-£200,000.
The 19th century property on Corporation Street dates from 1892, when it was built as the first branch of the Sheffield Banking Company.
The substantial stone-built 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 October 13.
A spokesperson for BTG Eddisons 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 includes the ARC eight-screen cinema, 69-room Travelodge hotel, and restaurants including Vetro Lounge and Smoke and Pepper.
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.”
“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 October 13.
For further details and bidding information, visit www.btgeddisonspropertyauctions.com.