This derelict bank is up for auction - and it could be yours for £175,000

By Hull Daily Mail | Posted: 15 Nov 2018

A defunct bank which has been shut for five months is due to go under the hammer at auction – and it could be yours for £175,000.

The former NatWest bank in Market Place, Driffield, closed its doors in June this year as part of a programme to shut down 179 NatWest branches across the country.

The 3,500 sq ft two-storey building will feature among 50 lots up for grabs at an auction by Pugh & Co. at Elland Road in Leeds on December 4.

It has a guide price of £175,000 and Paul Thompson, managing director of Pugh auction house, believes the building could be used for a brand new venture in a “superb location.”

He said: “People are dramatically changing the way they access their bank’s services. As a result, our banking clients are re-evaluating their high street assets and we are handling the sale of a number of retail bank properties.

“The former Driffield NatWest has potential for change of use, subject to planning consent. It’s in a superb location, right at the heart of the busy market town.”

NatWest said that since 2014 the number of customers using its branches had fallen by 40 per cent, while mobile transactions had increased by 73 per cent over the same period.

For more information on the Driffield bank premises, and to view the full auction catalogue, visit the Pugh Auctions website.

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