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Investor interest expected as former bank goes under the hammer

The former Barclays bank in Ripley is to go under the hammer, with auctioneers expecting investors to show a great deal of interest.

The three-storey 1 High Street in Ripley, which is being sold by SDL Auctions with a *guide price of £200,000+, was occupied by Barclays until June 2019 and has remained empty for the past year.

Occupying a prominent position on the main road through the town, the property features the former bank on the ground floor with offices and storage on the upper floors. The total internal accommodation extends to around 311.26 square metres/3,350 square feet.

Auctioneer and managing director Andrew Parker said: “This is a fabulous opportunity to invest in a distinctive property in a great location. Situated near to major retailers such as Boots, Peacocks, Manor Pharmacy and the Co-Op, as well as independent outlets, the property is in the ideal position to accommodate a new shop and we are led to believe that a change of use to A1 (Retail) would be permitted without consent. Alternative uses are also likely to be acceptable, and we advise interested parties to consult Amber Valley Borough Council on this topic.”

The ground floor of the property is presented to a good standard throughout and comprises a banking hall, strong room, kitchenette and staff WCs. The first floor is of a similar standard, while the second floor provides more basic storage accommodation.

Outside is a small enclosed yard area at the rear of the property, accessed through the building or via a shared access route off Grosvenor Road.

The property sits opposite the Market Place car park, which hosts weekly markets, close to the Old Town Hall building and within walking distance of the library and leisure centre. It has easy access to the motorway network via the A38 and regular bus services.

The former bank is to be sold in this month’s national property auction held by SDL Auctions, which has grown to become the UK’s most successful live-streamed auctioneer**. The auction will be live-streamed from the company’s head office auction studio on Thursday 27th August with bids being placed by telephone, over the internet or by proxy.

Andrew added: “Our live-streamed auctions have proved hugely popular and been a real lifeline to sellers since the start of the coronavirus crisis. Since lockdown began in March, we have sold more than 590 lots and raised more than £75million for sellers via our national property auctions and daily single-lot online auctions.”

The auction takes place on Thursday 27th August and there is still time to enter your own property by requesting a free, no-obligation auction appraisal. To find out more, click here or call the team on 01332 242 880.