“Under Offer” – The Bank, Mumps, Oldham, Lancashire, OL1 3TL

Category For Sale
Type Development Opportunity
Size 15,810 sq ft / 1,468.8 sq m

Description

Grade ll Listed Former Bank & Adjacent Site.
Major Town Centre Regeneration in Progress.
Offered on Behalf of Oldham Council.
Prominent Location at Eastern Gateway.
Alongside Metrolink and Bus Interchange.
Opposite Proposed LiDL Development.
Facing Proposed 68 Bedroom Hotel.
For Sale.

The Bank is situated on the North side of Mumps facing Oldham Mumps Metrolink and bus interchange, within the Prince’s Gate development area at the eastern gateway to the town centre. The development is a mixed use scheme, including a propsed new 28,000 sq ft LiDL store, 68 bedroom hotel and 140 space car park. It is at the eastern end of Union Street and Yorkshire Street which link to Parliament Square, High Street, Gallery Oldham and Spindles Shopping Centre.

Oldham is a major regional town with a boroughwide population of around 225,000. It is located within Greater Manchester approximately 7 miles to the north east of Manchester city centre. It is linked to the M60 and M62 motorways and metrolink LRT provides tram services through the town, connecting it with Manchester and Rochdale.

A Grade ll listed former bank premises of particular prominence at the eastern gateway to Oldham town centre. The ground floor comprises an impressive double height banking hall and small offices, there is a basement, which provided strong rooms whilst the first floor provides further cellular offices, and there is additional accommodation in the tower to the western elevation. The property requires significant repairs and refurbishment prior to occupation.

Offers are invited for a long leasehold interest, and subject to:
• Satisfactory development appraisal and proof of funding.
• Agreed use, layout, density, and design.
• Grant of the lease will be conditional on planning permission.
A buy back option will be entered into upon completion of the Long lease which will enable the Council to reacquire in the event that essential repairs are not undertaken and development works are not started and completed within pre-agreed time scales.