HOPES a former newspaper office block which is being converted into flats would be sold for a seven-figure sum have been dashed.
The building on Acres Lane in Stalybridge is being turned into 12 one bedroom self-contained properties.
But despite work approaching the final stages – and having planning permission for another storey containing another five – it fell flat when it was put under the hammer.
The structure had an asking price of £1.2 million when it was put up for auction on Wednesday, August 18.
However, despite being open for more than 24 hours, not one bid was received.
Documents describe the building as: “Converted to 12 one bedroom apartments with further planning approved for five flats (three two bedroom and two one bedroom) with separate access to be built over the first floor.
“There are six flats on each floor currently which are currently being finished off.
“There is a basement area where all services are connected to supply the existing 12 flats and the additional five.
“The five proposed flats will be self-contained from the existing flats with separate access.”
Romiley-based FBJ Construction, which trades as CEJ Builders, is behind the latest application at the building, which has stood empty since 2015.
Permission to convert the office into flats was given to Stalybridge-based David Cowell of Cheshire Properties Ltd.