A PROMINENT former bank building in St Helens town centre that will be put up for auction this week has a restricted covenant in place, whicg prevents it being used as a HMO.
The property on Ormskirk Street once housed the Royal Bank of Scotland branch.
It is now being listed for auction, offering a potential development opportunity in St Helens town centre.
A guide price is listed at £250,000 and the auction is due to take place this week.
Details listed on the Pugh Auctions website, states the property is to be offered "on a leasehold title which will include a restrictive covenant preventing the property from being converted into a HMO (House of Multiple Occupation)".
Details of the property on Right Move outline that it is a substantial mid-terrace town centre property comprising of a former banking premises with internal accommodation arranged over three floors, plus a basement, with the total floor space covering 9,407 square feet.
A statement on Rightmove reads: "The building requires renovation in parts but affords large room sizes many of which are interconnected and could be suitable for re-development, subject to any necessary consents.
"There is a gated rear car park with parking provisions for a number of vehicles and is offered with vacant possession."
Pugh & Company Limited, Manchester, is due to auction the property online on April 24.
With the town centre set to benefit from a £90m redevelopment in coming years, regeneration leaders are hopeful the site will prove attractive to developers.
The building neighbours the Imperial buildings, which houses various bars and nightspots.
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