A BRANCH of a North-East bank has been sold - but the bank will continue to operate.
Barclays Bank has sold 17 banks nationwide to raise money, but are leasing back the properties to continue to use the premises.
The branch, in Front Street, Chester-le-Street, County Durham, was expected to raise upwards of £750,000 - but finally went for £930,000 to an unnamed buyer.
According to auctioneers Allsop, the bank will pay a rent of £40,000 a year for the next 20 years. And the rent can be reviewed every five years.
A Barclays Bank spokesman: "The running of the branch will not be affected by the sale."
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