Former Lloyds building sold at auction in London

Lloyds Bank, Great Yarmouth

Lloyds Bank, Great Yarmouth - Credit: Archant

A landmark listed building in Great Yarmouth has been sold at auction in London to an unknown buyer.

The former Lloyds Bank in Hall Quay went under the hammer in Knightsbridge achieving £130,000.

It was advertised with Allsop Auctions for a guide price of between £125,000 and £150,000,

The Grade II listed building became empty in 2014 when Lloyds closed two of its branches to create a new so-called 'super bank' in the Market Place.

At the time concerns were raised about the impact on the town centre with Barclays also quitting two of its branches, taking over prime retail space nearby and emptying other buildings.

The three-storey Lloyds building boasts a banking room and strong room as well as a two-bedroom flat.

According to the property particulars it 'may be suitable for other uses.'

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Lloyds have operated in the town since the 1700s.

The present building was built on the site of a 16th century house for the bank of Lacon, Youell and Co. The facade dates from the early 20th century although an oak chimney piece in the banking hall is said to date from 1598.

Despite concerns about the effect on the town centre, the move into a shop was promoted by Lloyds as one that would add 'vitality and viability'.

Planning councillors went against officer advice to block the bid amid fears it would undermine the town and harm the shopping mix – but the relocation was allowed on appeal.

Barclays also had to appeal over its 'flagship' move into M&Co opposite,

It lead to fears about an over-concentration of banks drifting from Hall Quay to create a new banking quarter in the town centre and creating more empty buildings on the fringes.

It is understood there is a large hole in the roof of the old Lloyds building which needs extensive renovation.