A historic three-storey building off St Peter’s Square in Manchester city centre is due to go under the hammer at the next Pugh property auction in April.
Number 65 Princess Street, which adjoins the Waterhouse Wetherspoons pub, is grade II listed and was built as one of a row of four three-storey townhouses with basements, at the end of the 18th century.
Most recently used as the offices of a recruitment company, the 2,900 sq ft property is being auctioned with planning consent for conversion into an eight-bedroom boutique hotel and has been given a guide price of £650,000. A planning application has also been submitted to redevelop the building as a six-bedroom, four-reception-room townhouse.
Edward Feather, associate director of Pugh auction house, said: “It’s highly unusual for a historic property like 65 Princess Street, in the heart of the city centre, to come up for auction, especially with planning permission for redevelopment as a hotel. The potential to return it to its original 18th century use as a townhouse is also an exciting possibility if planning consent is given and not surprisingly there has been a great deal of interest in the building.”
He added: “It has been unoccupied for some time and it will be fantastic to see this property, which has been centre-stage in Manchester’s development as a great city, become an asset once again.”
Since the onset of the coronavirus pandemic 12 months ago, Pugh has sold lots totalling over £40m at its auctions, which have been held on the firm’s online platform.
Pugh’s next auction, featuring 65 Princess Street as well as land and properties across the UK, will be held online on 21 April. Registration for the auction closes at 12pm on 19 April and bidding opens on 20 April.