THE HALIFAX building in Bangor sold for more than £150,000 at an online auction earlier this month.

The High Street site, which was set a guide price of just £1, was snapped up for £156,001 at an online auction on February 1.

The four-storey building was on the market with estate agents Lambert Smith Hampton, who said there is potential for conversion or redevelopment (subject to planning).

After more than four hours, the nine-way bidding war for the 6,838 sq ft site came to a conclusion – details about the buyer have not been made public.

Bank of Scotland PLC (trading as Halifax) will retain the lease until at least the end of April (on their current deal), but it remains to be seen who will take over the plot.

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Lambert Smith Hampton said of the building: “The ground floor is set to the layout of a usual retail bank and provides ancillary accommodation with a basement currently used as storage.

“The next three floors are currently utilised as office accommodation and are accessed from two separate internal staircases.

“The building occupies the majority of the site, but there is a service yard to the rear which also provides two parking spaces.

“We consider the property to have conversion or redevelopment potential, subject to obtaining the necessary consents.

“The property is noted to be in poor condition, and it is therefore likely that extensive works would be required before any letting could be achieved.”