Driffield News

Former Barclays building up for sale…for £415,000

Just over a week after the doors closed for the final time, the building where Driffield’s Barclays branch was based is on the market.

After a review of how the branch was being used concluded that over the counter transactions had decreased by 82 per cent during the two years up to March 2020, the Market Place bank shut the doors for good at 12 noon on 26th January.

The closure meant that Driffield lost its fourth bank in nearly as many years, with Barclays meeting the same fate as Yorkshire Bank, NatWest and Santander.

In a boost for Driffield’s high street, the buildings that previously housed the aforementioned banks have subsequently been occupied, or are set to be in the near future.

Business property adviser Christie & Co is hopeful that it won’t be too long before the same happens at 61 Market Place, which is described as ‘an exciting High Street opportunity’.

The property is made up of 5,736 square feet over four floors and will be ready to move into when Barclays breaks its lease clause in June 2022.

The building is to be sold on a freehold basis with vacant possession, which Christie & Co says creates ‘an exciting opportunity for a new owner to acquire a blank canvas’, offering potential for development.

The property experts suggest that the site would lend itself to retail or hospitality, with potential to convert it into a shop or large pub and/or restaurant, as well as guesthouse and letting accommodation.

According to Christie & Co, the upper floors would be suitable for conversion into town centre apartments, subject to the new owner being given appropriate planning permission.

Previously, the entrance and ground floor were used as the bank reception and for office space, whilst the lower ground, first and second floor were used for storage and staff kitchen space.

There is a small parking area to the rear of the property and, with Beckside and Eastgate car parks also close by, there is the possibility of agreeing to have spaces allocated by East Riding of Yorkshire Council.

“Barclays’ decision to terminate the lease has created a fantastic opportunity for a buyer to snap up a prime vacant building site with great renovation potential, in the lovely town of Driffield, fondly referred to as the Capital of the Wolds,” said Sam Ashton, senior business agent at Christie & Co, who is handling the sale of 61 Market Place.

“We are currently asking for offers over £415,000 and I look forward to talking to prospective purchasers who will likely be keen to discuss the property’s development options.”

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