Former Ripley bank is going 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.

Friday, 14th August 2020, 1:14 pm

The three-storey building in High Street, 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.

Andrew Parker, auctioneer and managing director, 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.

The building is being sold at auction

"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 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, August 27, with bids being placed by telephone, over the internet or by proxy.

Andrew said: “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.”

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