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HomeLocal NewsDisused bank hits the market for £400,000

Disused bank hits the market for £400,000

A former town centre bank has hit the market, less than two weeks after closing for good.

The former Santander site in Tenterden High Street is now up for grabs with a guide price of £400,000.

Santander in Tenterden has hit the market for £400,000. Picture: Google
Santander in Tenterden has hit the market for £400,000. Picture: Google

Marketed by Colliers, the estate agent says “the property presents a strong redevelopment opportunity with scope for conversion,” describing Tenterden as “an affluent market town.”

“Nearby occupiers include Nationwide, Waterstones, Waitrose, Space NK, Mint Velvet and a number of independent retailers,” added Colliers bosses.

Comprised of three floors, the property is 155 square metres throughout.

No planning applications for the site have been submitted to Ashford Borough Council since the closure.

The sale comes as Santander announced in May it was set to shut 95 of its UK branches as part of an overhaul which will put 750 jobs at risk.

The Spanish-owned bank will also cut hours across 36 sites and switch 18 to be counter-free.

The changes leave the high-street lender with 349 branches across the UK.

Included in the closures were their sites in Herne Bay and Tenterden, which both closed earlier this month.

They will also cease operations in Dover, however, a date is yet to be announced for this store.

The firm will also transform the Gravesend and Sittingbourne branches, removing the traditional banking teller behind a counter while still offering some face-to-face interaction.

Sittingbourne has already transitioned to counter-free, with Gravesend following suit on August 4.

Santander announced in May it was set to shut 95 of its UK branches. Picture: PA
Santander announced in May it was set to shut 95 of its UK branches. Picture: PA

Santander says 93% of the UK population will still be within 10 miles of a branch following the changes, and customers can also use Post Office branches.

The bank says it has seen a rapid movement of customers choosing to do their banking digitally, with a 63% increase in digital transactions since 2019. Financial transactions completed in branches reduced by 61% in the same period.

Previously, Tenterden also lost its Barclays bank, with work getting underway on the site last year.

It is now occupied by the creative emporium Ethel Loves Me, who also have a store in Rye.

Last year also saw the opening of Domino’s in Tenterden High Street after the pizza giant snapped up the former home of Lloyds Bank, a move they replicated across the county.

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