Driffield News

Former Barclays bank building is sold again

A high street retailer proposed to take up residence in the building that was the former home of Driffield’s branch of Barclays will now be replaced by offices for a national care group.

In April, Sam Ashton, senior business agent – hospitality, for property adviser Christie & Co told the Wolds Weekly that The Harkalm Group was ready to put pen to paper on 61 Market Place.

The building, which has been empty since 26th January, was to be sold to the commercial property investors as a freehold for around £400,000.

However, Sam confirmed that The Harkalm Group pulled out of negotiations at the eleventh hour after their prospective tenants backed out of the deal.

As such, 61 Market Place was put back up for sale at the significantly reduced price of £300,000, and is now likely to be purchased by a national care group who will use it as office space for their staff.

The news is likely to come as a disappointment for residents of Driffield, who will have been hoping for a new high street retailer for the Capital of the Wolds to complement the selection of successful local businesses.

The Harkalm Group’s portfolio includes Sainsbury’s Local, Costa and Pizza Hut.

Sam explained: “The Harkalm Group pulled out of the deal as the tenant they had lined up did likewise.
“The landlord was keen for a quick sale thereafter and, after receiving a dilapidation pay out from Barclays, was happy to drop the price by over a quarter.

“We went with the care group as it guaranteed a 28-day completion and a cash and unconditional purchase.

“Hopefully it will be second time lucky and we expect completion by mid-July.”

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