A High Street building occupied by Medway's only Barclays bank is going to auction this month. The three-storey building at 263-269 High Street, Chatham, will go under the hammer with a guide price of £1.4 million. It comes just months after plans to split the bank branch into two shops were submitted and subsequently approved. The building's basement, ground floor and first floor are let to Barclays for an annual rent of £60,000 until December 2024.
The second floor comprises vacant offices while an additional ground floor unit was recently leased to a nail salon for £18,000 per annum until March 2038. The current landlord, Winpost Ltd, secured planning permission for various proposals in recent years, which could see the building turned into 15 flats and four retail units overall. Previously, the building was listed for sale by estate agent Watston Day with offers above £1.75 million being invited. It's unclear whether or not the bank will be affected by the upcoming auction sale. Barclays previously declined to comment on the development plans or the future of its branch, saying it was "a matter for the landlord." It's the last surviving Barclays in Medway following the closure of the branches in Rochester in 2013, Gillingham in 2015, and Strood and Rainham in 2021. The sale by Savills Auctions is taking place on Wednesday, 31 May 2023. Find out more by clicking here.
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2/6/2023 13:22:43
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