A recently-closed Isle of Wight town centre bank has gone up for sale.
The former NatWest bank, in St Thomas' Square, Ryde, is on the market for £375,000.
It was announced it would close its doors in March and it shut for the final time in August.
At the time, a significant decrease in footfall and a rise in mobile banking users was blamed.
Read more: Isle of Wight to lose another bank as NatWest branch to close
The bank reported that between January 2019 and January 2022, counter transactions for personal customers at the Ryde branch decreased by 63 per cent.
It also said that only five personal customers and 101 business customers used the branch regularly in 2021 and that 59 per cent of personal customers chose to use online banking on the NatWest mobile app instead.
Now, the bank has been listed for freehold sale by commercial property company, Green & Partners.
The property is offered to the market, with vacant possession, seeking offers in excess of £375,000.
Following NatWest's closure, Ryde now only has one bank, Lloyds.
There are also two building societies — Nationwide and Yorkshire building society.
House Rules
We do not moderate comments, but we expect readers to adhere to certain rules in the interests of open and accountable debate.
Last Updated:
Report this comment Cancel