A landmark building in the centre of Woodbridge is being sold at auction later this month.

The property, at 8 Thoroughfare in the Suffolk town, is currently occupied by Lloyds Bank and has a guide price of £975,000.

The bank has a lease on the building which runs until 2026.

The building contains a ground floor banking hall with first floor offices and further workspace in the basement and second floor.

East Anglian Daily Times: 8 Thoroughfare is on the popular Thoroughfare street in the town centre alongside plenty of local businesses and high street retailers.8 Thoroughfare is on the popular Thoroughfare street in the town centre alongside plenty of local businesses and high street retailers. (Image: Google Maps)

There is also a dedicated private car park to the rear with space for nine cars.

David Margolis, of Acuitus auctions, said: “This is a very handsome property in the heart of Woodbridge. Assets let to banks remain popular with investors and this building could have longer-term alternative uses”.

It comes at a time when other banks in Woodbridge are set to close, with the HSBC branch shutting in August.

The auction will take place on March 31 at 1pm.