Former Stokesley bank sold at auction

The former HSBC bank in Stokesley.

The former HSBC bank on Stokesley high street has been sold at auction.

The bank went under the hammer at the latest Yorkshire Pugh property auction in Leeds and went for £274,000.

The three-storey, 3,300 sq ft former bank on Burley Street, which closed last year, was put up for sale by HSBC with a guide price of £250,000.

In the past five years, HSBC’s branches have seen a 40% decline in customer visits, as 90% of HSBC’s customer interactions now take place online.

Pugh managing director Paul Thompson said: “The high street assets held by banks across the country are being revaluated as more and more people choose to manage their finances online. The branch buildings are often in prime locations right in the heart of a town, ideal for redevelopment.

“It will be interesting to see what the new owners will do with the building and it is tremendously satisfying to know we can help find a new purpose for a high street property in a bustling market town.”

The former bank was sold in the Pugh property auction at Leeds United Football Club on 4 December.

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