Former Barclays in Queen Street, Ramsgate, hits market for £1.1 million

An abandoned bank has hit the market for more than £1 million – little more than a month after closing for good.

The former Barclays bank site in Queen Street, Ramsgate, is now up for grabs with a guide price of £1.1 million.

The former Barclays Bank in Queen Street, Ramsgate, is on the market for £1.1 million. Picture: Miles and Barr

Marketed by Miles and Barr, the estate agent says it is “delighted to be assisting” with the sale, amid a recent wave of bank closures throughout the county.

“The property benefits from being suitable for multiple commercial ventures, or alternatively residential conversion if permission was obtained,” added Miles and Barr bosses.

Comprised of four floors, including a basement level, the property boasts two large office areas amounting to 343 square metres.

Two vaults, two store rooms and a server room are currently located in the basement.

There are more than 340 square metres worth of office space. Picture: Miles and Barr
One of the two floors worth of office space. Picture: Miles and Barr

The ground floor is dedicated retail space, with sales areas and a meeting room.

The first and second level benefit from both open plan and individual offices as well as a kitchen and toilets.

No planning applications for the site have been submitted to Thanet District Council since the closure.

The branch only closed in April, with Barclays claiming just 10 people were using the branch regularly as the sole method to manage their funds.

The ground floor retail area. Picture: Miles and Barr
There are two vaults within the former bank. Picture: Miles and Barr

By comparison, 93% of people were able to bank online, by phone or the Barclays App in 2022.

It now means people have to trek to Canterbury or Ashford for face-to-face banking.

It will be the second bank closure in Ramsgate this year, with NatWest due to axe its town centre branch in August.

Elsewhere in the county, plans were unveiled for Faversham’s empty NatWest and Lloyds sites – with two restaurant chains eyeing up the properties

The basement level contains vaults and store rooms. Picture: Miles and Barr
Inside one of the vaults. Picture: Miles and Barr

Barclays in Chatham High Street was listed for sale last year, for £1.25 million.

In Tenterden, the former Barclays is to be converted into a shop and flat with work starting in October.

And in Maidstone, the old RBS building in the High Street was listed for £2.2 million last year.