Former NatWest building in County Durham to go under the hammer

A former NatWest bank building in County Durham is going under the hammer next month with a six-figure asking price.

The 2,000 sq ft property on Market Street in Ferryhill, near Durham, will feature among 40 lots at auctioneer Pugh’s next Yorkshire event.

The sale, recording a guide price of £100k, will include an on-site ATM with a five-year lease at £3k a year.

Paul Thompson, managing director at Pugh Auctions, said: “We are seeing the ongoing closure of many high street branches as our banking clients continue to evolve the way they deliver their services in the digital age.

“Ferryhill is a busy market town and the property is well located for potential commercial redevelopment.”

Pugh was acquired in 2016 by Leeds-based property consultancy Eddisons.

The firm’s next Yorkshire event will take place Leeds United’s Elland Road football ground on September 4.

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