Series of former high street banks to go under the hammer

Written by: Paul Parker on 31st May 2018

Series of former high street banks to go under the hammer

A number of former bank properties from across the UK are to be offered at the upcoming Pugh property auctions.

High street lenders including NatWest, Co-op, Barclays and Britannia are offering some of their former premises, as they reduce the number of high street branches.

For example, the former Co-op Bank building in Blackpool town centre – a 6,700 sq ft three-storey building on Clifton Street - has been put up for sale at auction with a guide price of £100,000. Similarly, the former Britannia Bank building in Carmarthen town centre – a three-storey 2,400 sq ft building, on Nott Square - is also being offered with a guide price of £100,000.

The properties going under the hammer span the UK and include former premises from Cumbria, Carmarthen, Wrexham, Stoke on Trent, Blackburn, Lincolnshire, Otley, Oswestry, Bishop Auckland and Blackpool.

Guide prices for the bank properties start from only £50,000 for the Grade 2 on the high street in Cleator Moor, near Whitehaven, Cumbria.  

Paul Thompson, managing director of Pugh auction house, said: “We have seen a number of former banks coming to the room, in both our North West and Yorkshire auctions, as our banking clients review their property portfolios and requirements going forward.”

“The bank properties tend to be in prominent town centre locations and, in many cases, are very impressive buildings in their own right and therefor offer good opportunities for either redevelopment or change of use. Recent auctions have seen strong demand based on these factors and we expect to be offering quite a few over the coming months.”

Please follow the links to view properties featuring at the upcoming Pugh property auctions at Elland Road Leeds on 5th June and the AJ Bell Stadium, Manchester on 7th June. For further details or to book a viewing on any of the above properties please call 0345 505 1200.

Written by: Paul Parker on 31st May 2018


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