A STRIKING period property which served as a popular haunt for night time revellers for decades is to go under the hammer ­— with a guide price of just £7,500.

The 1,000-capacity Loco nightclub on Bridge Street is billed as Bolton's largest nightclub.

It opened in 2013 on the site of the former New York New York nightclub after a £50,000 investment, bringing 20 new jobs to the town.

Auctioneers at Pugh say that there is potential to breathe a new lease of life into the property, adding that the spacious 10,000 sq ft of floor space over two floors made Loco Bolton's largest club.

They say that the building has potential for alternative uses. The online auction opens at 10am on 21 April.

Now it is being put up for sale, with a guide price of £7,500.

“This is a handsome period property with enormous potential for alternative uses, subject to any new owner gaining the relevant planning consent,” said Paul Thompson, managing director of Pugh.

He added: “This is a great redevelopment opportunity and we hope that a strategic investor will give a new future to this well-known Bolton building.”

Loco opened with a refit with clubbers enjoying three bars and a VIP area. It was opened to expand Bolton's nightlife following the closure of of clubs like Atlantis and Ikon.

New York New York was opened in 2006, inspired by the 1970s superclub Studio 54.

Its dance floor was a replica of the original.

At the time, £1.2 million refurbishing the venue, which was previously home to Chicago Rock.

Bolton's Chicago Rock Cafe opened in June 1998 and hosted stars such as Jason Donovon.

The strip formed part of Bolton's nightlife for scores of revellers, with Ikon just a stone's throw away.

Ikon nightclub closed in 2012.

It first opened as the Astoria Palais de Danse in 1928 and also enjoyed spells as Ritzy and Central Park over the years.

For more information on the former Loco nightclub building, and to view the full auction catalogue, go to www.pugh-auctions.com.