Frinton’s former Lloyds Bank falls under the hammer
A DESERT building in the city center, previously occupied by a bank branch, is expected to fall under the hammer and could fetch half a million pounds.
Lloyds Bank vacated its Frinton ownership in 2018, a year after the town’s NatWest bank closed and before Barclays closed this year.
The Connaught Avenue building is now heading for an auction to be held in the Cheffins Auction Houses in Cambridge next month.
The three-story multipurpose structure, which includes a top-notch retail store with a total frontage of 11.8 meters, is expected to sell for around £ 500,000.
Its attractiveness and price are also reinforced by the site’s pair of sizable duplex apartments and its location in the heart of the bustling seaside town.
The building permit was also granted in July 2018 by Tender Board for the transformation of the two large apartments into four one-bedroom apartments.
Ian Kitson, Director of Cheffins, said: “Properties in need of renovation continue to be in high demand across East Anglia.
“These types of projects are increasingly difficult to find as private buyers and developers compete for the best examples.
“This September sale sees a good mix of commercial and land investment opportunities that will be of interest to investors as well as end users.
“We expect these proposed lots to generate a lot of interest on this day. ”
The auction will take place on September 15th from 2pm and can be followed online by visiting cheffins.co.uk or contacting 01223 213343 for more information.