Former Meads bank up for development

The bank in Meads Eastbourne SUS-150601-141947001
The bank in Meads Eastbourne SUS-150601-141947001

The former bank in Meads which locals fought to save from closure has gone up for sale.

The price tag on the old NatWest bank is in excess of £600,000 and the site is described as a ‘development opportunity’.

The bank, the only one left in the village when it closed in September, has a basement, ground and three upper floors with the accommodation including two bedroom and four bedroom flats and a traditional bank vault.

The property is being marketed by Reid+Dean where agents say it has attracted a lot of interest.

NatWest closed the branch last year saying only 49 regular customers were using the facility and blamed online, Post Office and telephone banking for the demise.

Politicians and locals, including businesses who said they took their daily takings there, mounted a campaign to keep the branch open and a petition was handed in as well as letters sent to the CEO of NatWest bank asking for a change of heart.

The campaigners won a reprieve until September when it finally shut its doors. At the time a NatWest spokesperson said, “It’s never an easy decision to close a branch but the number of customers using the Meads branch dropped by nearly a fifth since 2011 as more people use alternative ways of banking with us.”