A struggling North Staffordshire shopping centre is going under the hammer at an auction next month.
The Roebuck Shopping Centre, in Newcastle-under-Lyme, is being auctioned off at a guide price of between £650,000 and £700,000.
The 51,498 sq ft building – which is home to 17 shops and links to the town's 655-space multi-storey car park – will be featured among the 34 lots at the Acuitus auction on May 18.
The centre used to house many big-name retailers such as Argos, Next and Bonmarche but, after the majority of retailers moved out, The Roebuck has been left almost empty.
John Mehtab, investment director at Acuitus, said: "Investor appetite for shopping centres with large in-town footprints has been strong in recent months. This property offers current income and the potential for active asset management."
The auction also features a row of shops, also in Newcastle-under-Lyme town centre - 54-55a Ironmarket.
Of the three shops, one is vacant and the others are let to Oxfam and PDSA. Together, they produce annual rental income of £36,250 and will go under the hammer with a guide price of between £300,000 and £350,000.
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The auction will start 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
More information about each lot can be found online.
