The medieval Eastgate in the historic town of Warwick is up for sale.

With a guide price of £125,000, one of the two surviving gatehouses of the once walled town will go under the hammer in April.

Auctioneer James Hawkesford, managing director of chartered surveyor and estate agent Hawkesford, which has a lettings branch in the town, said the building would make spectacular ‘arty’ offices.

He believes they could be in demand from architects or designers.

“It could also make the most exclusive apartment in the town, all of course subject to the necessary permissions,” he said.

The Eastgate, which had the Chapel of St Peter built above it in the 15th century, together with the Westgate, are all that remains of the medieval wall that once surrounded the town.

The Grade II* listed scheduled ancient monument has a clock tower and three large rooms, which from 1879 until recently were used as classrooms by the adjoining King’s High School for Girls.

The school was attended by Ali Hawkesford, who manages the firm’s lettings branch in Swan Street, and her sister Amy. Mr Hawkesford said the building needed considerable renovation work which, as a Grade II* listed building and also a special monument.

That means any work would have to be carried out under the auspices of English Heritage.

The auction takes place on Wednesday April 14 at 6pm at the Warwick Arms Hotel.