A FORMER bank building in St Helens town centre remains on the market after bids at an auction failed to reach the guide price.

The property on Ormskirk Street once housed the Royal Bank of Scotland branch.

Auction

As reported by the Star last month, it was listed for auction, offering a potential development opportunity in St Helens town centre, with a guide price listed at £250,000.

However, although the auction concluded without sale, it is understood there has continued to be interest from bidders over the past week, heightening the prospect of a potential sale.

Both residential property and leisure developers are believed to have shown interest in the site.

READ MORE: List of pothole-hit roads due to be repaired across St Helens

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)".

Redevelopment opportunity

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."