A SCOTTISH shopping centre is being sold at auction later this month, with a guide price of £500,000.
Falkirk’s Howgate Shopping Centre comprises 56 units across 185,000 sq ft and is among the lots at the Acuitus auction which will be livestreamed online on later this month.
It currently annual gross rental income of just more than £1 million from occupiers including JD Sports, River Island, New Look and Wilko.
Mhairi Archibald of Acuitus said: “The Howgate Centre is a good example of the type of shopping centre which is attracting entrepreneurial investors who look to take advantage of these assets’ large city-centre footprints and opportunities to drive income.”
The Acuitus auction will take place on May 18 and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
