Old Stafford M&S sold but fails to reach guide price at auction
The Gaolgate Street building sold for a bargain £300,000.
The former Marks & Spencer shop in Stafford will be given a new lease of life after it was sold at auction.
The Gaolgate Street building, which has been empty for almost 18 months, sold for £300,000 at an Allsop auction in London this week.
Bidding on the landmark store was expected to be much higher with a guide price at auction of between £350,000 and £400,000.
It has stood vacant since August 2016, when Marks & Spencer moved to the Riverside shopping complex at the other end of the town centre.
The sale was one of two buildings on the town’s high street sold at auction this week, after the Halifax building in Greengate Street fetched £850,000.
