to go under the hammer later tomorrow.
The George in Great Moor Street, which was built during the Victorian era, is being listed for sale by Eddisons at a knockdown guide price of £50,000.
The detached Victorian former hotel and public house occupies a 0.09 acre site and has full planning consent to convert to a 12-storey mixed used scheme.
Brian Tetlow, chairman of the Bolton Civic Trust, said he hoped the building would be retained.
He said: “Obviously if the building is no longer viable as a pub then it would make sense to look at other uses.
“That said, I would like to see it retained because buildings on corners have character and we have lost too many of those in recent years.
“People are struggling to run pubs because of the economic situation and the smoking ban and the changes in drinking habits so it is a sign of the times.”
Despite its prominent position and development potential, auctioneer Andrew Brown believes the recession has forced sellers to be realistic with their valuations. He said: “This is an extremely low price for a building with so much potential in a prominent location.
“I anticipate plenty of interest.
Most vendors have responded to current market conditions by setting guide prices at realistic levels which should fine favour among buyers.”
The George comprises a three-storey Victorian former hotel and public house. Situated on an “L” shaped corner plot, fronting directly on to Great Moor Street and Black Horse Street, and it is built of solid brickwork.
Meanwhile, a development site in St Georges Road is being offered at the same auction with a guide price of £60,000.
The freehold site forms part of a wider scheme with full planning permission for the demolition of the existing building and the erection of 30 apartments plus parking.
The auction, which features 40 lots, is taking place tomorrow at The Fairways Lodge and Leisure Club, George Street, Prestwich, starting at noon.
The full catalogue is available to view on-line at eddisons.com