A former North Yorkshire bank that has plans in place for five flats will be auctioned off starting at £295,000.  

The building, which is on Frenchgate in Richmond, once housed TSB in the town but is now starting to become derelict - but is seeking new owners that could transform them into new flats. 

Boasting a four-storey building, the former ground-floor banking hall could be turned into several flats, while other sections of the 8,440-square-foot building could become other flats in the future. 

Here are some images of the former bank buildings:

The Northern Echo: The Northern Echo: The Northern Echo: The Northern Echo: Pictures: RIGHTMOVE.

Originally built for the Richmond Savings Bank and later the York County Savings Bank in 1927 the last banking activity was through the TSB; a part of the Lloyds Banking Group.

The branch closed last year after the bank group announced it was one of several UK-wide closures.

In the sales listing, which will be done through Savills in London, it says online: "Planning permission has been granted for the conversion of the building to five substantial apartments.

"The property has approved Change of Use consent to convert a listed bank building into residential. 

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"Richmond is an attractive and affluent town in North Yorkshire approximately 15 miles north-west of Northallerton, 22 miles north of Ripon, 33 miles of Harrogate.

The listing can be found here.

"The property is located on the east side of Frenchgate, with nearby occupiers including Heron Foods, Savers Health and Beauty and several independent shops, cafes and restaurants."

These are the key factors that Savills lists on the auction piece: 

  • Freehold Development Opportunity in Affluent Yorkshire Town
  • Comprises a former bank with planning permission granted for 5 large self-contained flats ranging from 121sqm to 187sqm
  • Substantial building comprising approximately 784.10 sq m (8,440 sq ft)
  • Attractively located opposite Richmond Castle

It's expected that while the guide price is £295,000, the auction will take place on January 24.