Business

Listed Derry bank building on market for £500,000

The former Bank of Ireland branch on Strand Road.

BANK of Ireland's former branch in the centre of Derry city has gone on the market for half a million pounds.

Located at the junction of Strand Road and Sackville Street, the branch was among the 15 closed in the north by the Irish lender last year.

The cull reduced Bank of Ireland's Northern Ireland branch portfolio from 28 to 13 in a matter of months.

The closures have flooded the local commercial property market with prominent town and city centre buildings in recent months.

The Strand Road branch, which was among the last of the closures, pulled down its shutters for good in October.

The four-storey listed building is now being marketed as “suitable for a variety of uses or redevelopment, subject to planning”, with a guide price of £500,000.

Bank of Ireland is still operating from its branch on Culmore Road in Derry city.

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Business