Asset managers behind the impending sale of a troubled Fife shopping centre say they have had plenty of interest ahead of it going to auction.
The Postings Shopping Centre in Kirkcaldy, owned by Columbia Threadneedle Investments, will go under the hammer on Tuesday with a reserve price of just £1.
The annual upkeep of the Postings is said to be higher than the £152,000 it currently brings in from rent, and the owner is now keen to offload it.
Only a few of the remaining units are tied in to leases, with expiry dates ranging from March 2020 to August 2021, meaning prospective buyers could see it as an opportunity to demolish and redevelop the site.
The lease for the largest three units – occupied by Tesco until 2015 and now used as storage by a charity – is ready to be terminated at any time.
Prospective owners will get 21 shop units – 14 of which lie empty – and a 299-space car park.