New future for former bank

Former HSBC building, Boston.
Former HSBC building, Boston.
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AN HISTORIC Boston bank could be transformed into a café or restaurant – and it could be done by Christmas.

The old HSBC building, which closed earlier this year, has been bought by borough councillor Raymond Singleton-McGuire, who plans to lease it out to a suitable business as soon as possible.

Rumours have been flying around the town that Starbucks could be moved into the space, in High Street, but the councillor is keeping tight-lipped over whether or not that could be case.

He told The Standard: “I think it would be inappropriate for me to comment either way.

“I would be considering anything that would benefit that area, that sort of building and that environment. It’s a very prestigious building. I have always liked it – it’s almost a landmark of Boston.”

Chartered surveyor James Fairman, who is dealing with the property, said the building would be most suited to use as a restaurant or cafe.

Mr Fairman, of Poynton’s Consultancy, said discussions were underway with a number of national chains which were interested in moving into the Boston area. He said a bank has also expressed interest during the national marketing campaign which is currently underway, adding that Boston’s population growth has made the town an attractive prospect for national chains.

He added: “It’s quite an attractive property, where there is a very high degree of footfall – unusually high for the rent. It’s grade two listed and quite prestigious. It’s a very high status property and it has had a lot of interest.

“We are reasonably confident that something will be open before Christmas, but it’s early days.”

l What do you think the building should be used for? Email your thoughts to or tweet her via @standardlaura