Morecambe's Arndale shopping centre is going up for auction.
The centre will be available to bid for through an online auction on October 31 at a guide price of more than £2m.
The Arndale, Morecambe Bay is being marketed by property auction house Allsop.
They said the centre's total current annual gross rent reserved is £695,058.
Allsop is advertising the Arndale as a "freehold town centre shopping centre investment", as follows:
- Prominent town centre scheme comprising 41 units and extending to 9,494 sq m (102,198 sq ft)
- Tenants include Boots, Bank of Scotland, Iceland, Burger King, Greggs and Poundland
- May be suitable for longer-term redevelopment (subject to consents)
- Popular Lancashire seaside tourist town where the Eden Project Morecambe has recently been awarded £50m in the second round of the UK Government’s Levelling Up Fund
- Adjacent to a 60-bed Travelodge hotel
- Situated 300m from Morecambe Rail Station
- VAT is applicable
The Arndale, which opened in 1972, went up for sale for £5m in 2022.
New River REIT, who own shopping centres all over the UK, bought the Arndale in 2014 in a deal worth £14m.


Praise for Lancaster and Morecambe youngsters who took part in 'tongue movement' project
Clinic where students offer free legal advice to reopen at Lancaster University
Lines reopen after train derailment on Scotland-London line
Police arrest two and seize illegal bike in Morecambe
ITV commissions sixth series of Morecambe crime drama The Bay
E-bike shop moves from Lancaster to new Carnforth showroom
Lancaster workshop to tackle the issue of drink and needle spiking
Morecambe raw feeds shop up for three 'Animal Star' awards
Two new festivals proposed for Morecambe entertainment venue the Platform
Second day of disruption as work continues after train derails in Cumbria
Morecambe lifeboat crew’s swift response rescues swimmer ‘being swept dangerously out to sea’
'Street Meets' announced to answer your questions amid new wheelie bin roll-out
Campaign group welcomes new "life changing" bus service to Morecambe
Lancaster prison worker jailed for drug offences
Major disruption as train derails on West Coast Main Line
Talks begin for events to mark Eric Morecambe's 100th birthday
Lancaster music venue due to shut will now stay open "well into 2026"
Halloween What's On Guide
LISTEN: Launch of new group in Morecambe to help with gambling addiction
LISTEN: New centre for people with disabilities to open in historic Lancaster location
