Former social club to go under the hammer
Reporter: Martyn Torr
Date published: 15 June 2011
A vacant former social club is being put up for auction next week.
Bank House, in Whitebank Road, within the Limehurst Village housing estate, is immediately adjacent to the Whitebank Stadium, home to Oldham Roughyeds RLFC.
The property is described in the Eddison’s auction catalogue as being in need of modernisation and may be suitable for a number of different uses, subject to the necessary consents. Joint LPA receivers are suggesting a guide price of £45,000-plus.
Also going under the hammer is a freehold tenanted office property in Waterloo Street, Oldham, which generates an annual rent of £6,000. It has a guide price of £40,000, a potential return of 15 per cent.
In total, 112 lots are scheduled to go under the hammer at the Eddison’s sale on Tuesday, June 21, at the Premier Inn, Trafford Park.
The catalogue includes vacant and tenanted commercial and residential properties, development sites, parcels of land, some of which have declared nil reserves, and a former public toilet.
At their last auction, Eddison’s reported 87 per cent of the lots offered were sold, generating proceeds of £3.2 million.
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