A bank’s Brighton branch, valued at around £1.8 million, will be brought to the commercial property market next month as part of a multi-million-pound UK-wide auction.

The Halifax branch, located in Western Road, will remain open for business as usual following the sale which is being managed by online property auction specialists John Pye Property.

It is one of seven Halifax branches being sold on behalf of LPA Receivers, valued at £20 million in total.

Richard Reed, head of property at John Pye Property, said: “This is a unique investment opportunity for this area and we expect to see massive interest from national and overseas investors.

“Along with the other branches, this is a significant portfolio of properties being sold.

“All are prime for investors looking to buy good quality stock when there is not a great deal of top quality investment properties coming to market.

“The properties are in fantastic high street locations in UK towns and cities.

“It is recognised that banks are secure tenants and there are long leases remaining on the buildings from long standing tenants.”

The November sale is one of John Pye’s most significant to date with the guide prices of the eight bank buildings ranging from £1 million to £4.5 million.

Simon Hunt of JLL, said: “As LPA Receiver I need to ensure that I sell property assets for the best sale price and with John Pye’s extensive database of active buyers and their global reach, I am confident that they will generate a large amount of interest in these blue chip investment opportunities from a wide range of UK and overseas buyers.”

John Pye and Sons will celebrate 50 years of trading in 2018. It sells vehicles, retail goods, business assets, luxury assets and properties.

The auction is on November 15 and 16.