The former RBS branch, Castle Street, Carlisle, up for auction with Pugh

The former Royal Bank of Scotland branch on Castle Street in Carlisle is to go under the hammer at auctioneer Pugh’s online property sale later this month.

The 2,000 sq ft building, which closed in 2018 along with RBS’s Lowther Street branch, has been given a guide price of £50,000 and consists of a ground floor, basement and mezzanine. It is being auctioned on a long leasehold interest basis, expiring in 2065.

Pugh managing director Paul Thompson said: “As the number of high street bank branches have decreased with the shift to online and mobile banking, we have seen an imaginative range of new uses for former banks.

“This former RBS branch is in a great city-centre location with excellent rail and road transport links and, subject to a buyer gaining planning consent, there are any number of potential investment and redevelopment opportunities that could see the building continue as a useful asset to the city.”

Bidding on the former RBS branch, and the other lots in Pugh’s online auction, opens on 21 September and closes the following day. To view the full catalogue, go to pugh-auctions website.

Since the onset of the coronavirus pandemic Pugh has sold lots totalling over £70m at its auctions, held on the firm’s online platform.