ECCLES LANDMARK TO GO UNDER THE HAMMER
Sentinel House, the largest commercial building in Eccles and a notable landmark in the area, will be up for auction by Roger Hannah Auctions on December 11 at Old Trafford Cricket Ground.
The 15-story building is situated adjacent to the M602 at Eccles, extends to 120,000 sq ft with 140 car parking spaces, and is only 28% producing over £290,000/year. The property does lend itself to alternative uses such as residential, hotel, etc.
Stuart Cooper of Roger Hannah Auctions commented, “This is a real landmark property with a massive amount of potential. The income it generates, plus the potential to convert over 70,000 square feet into something really special, should prove of interest to property investors and developers. Eccles and the surrounding area have attracted significant investment, and this property is at the heart of it, being 10 minutes from Manchester City Centre, Salford Quays, and Media City. This represents an opportunity that does not frequently become available at auction. The guide price is £2.5 million+, representing a better than 10% return immediately and a capital value of only £20 per sq ft.”
WIGAN LANDMARK LISTED BUILDING TO GO UNDER THE HAMMER
One of the most prominent buildings in Wigan town centre is to be sold at auction on 11th December by Roger Hannah Auctions. Tower Buildings, directly opposite Wigan North Western train station, which formerly housed The Masonic Hall and is still occupied on the ground floor with occupiers such as Cash Converters, now benefits from planning consent to convert the upper floors to 27 . residential units.
Stuart Cooper of Roger Hannah Auctions, who was born and bred in Wigan, commented, “The property is a magnificent building, and as well as providing an income of £55,000 per year, it now benefits from consent to convert the upper floors to 27 no-flats. We understand that grant funding is also available to assist the conversion. With the residential market seemingly on the rise, this property gives the best of both worlds: security in terms of the income generated from the ground-floor retail units combined with the development potential of the upper floors to really add value and restore a town centre landmark back to life.” The guide price is £450,000+
ICONIC TAMESIDE THEATRE TO GO UNDER THE HAMMER
The former Theatre Royal in Hyde town centre is to be sold at auction on 11th December by Roger Hannah Auctions. The property extends to nearly 20,000 square feet and retains many of its original charms. The property is considered suitable for a variety of uses and is to be sold with a guide price of £250,000+.
Stuart Cooper of Roger Hannah Auctions commented, “This property is of immense interest locally and regionally and is steeped in history. The current owners have invested a huge amount of money to upgrade and maintain the fabric of the property. He now believes it is time to dispose of the property in order for it to be brought into use again and hopefully benefit the Hyde area.”
The Auction takes place at our usual venue, which is The Point Lancashire County Cricket Club, Old Trafford, Manchester, on December 11th, 2013 Bidding starts at 2 p.m. Further details can be found at https://www.rogerhannahauctions.co.uk