Warrington bank building for sale at auction

Michael Hunt

The Grade II-listed building at 25 Sankey Street in Warrington is up for sale with auctioneers at Jones Lang LaSalle in London.

The building currently houses Barclays Bank and is available with a £1.85m guide price.

Richard Auterac, auctioneer at Jones Lang LaSalle, said: "This beautiful Grade II-listed property located in the heart of Warrington is one of the best properties we have at our next auction. It presents an impressive investment opportunity in a popular location with good tenant."

"With property prices significantly down from peak levels, in some instances by up to 40%, it is still possible to find bargains at the prime end of the market. However, as prices continue to bottom out and with a growing recovery in investor confidence the best opportunities are going to get snapped up quickly and will be difficult to find in 2010. As we emerge from the recession this could be the last chance for those with access to debt or cash to secure some of the best real estate deals of the past decade in the auction room."

The property comprises a ground floor banking hall with basement storage and office accommodation on first and second floors. The approximate floor area totals 5,900 sq ft.

The current rent is £105,000/year. The entire property is let to Barclays Bank for a term of 20 years from 14 August 2006 until 2026.

  • Jones Lang LaSalle's auction is taking place on Wednesday 9 December at the Cumberland Hotel on Great Cumberland Place in London. For further information contact Richard Auterac at Jones Lang LaSalle on 020 7399 5300 or Peter Cunliffe on 020 7399 5934.

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