Bag a bargain as auction held for £1 shopping centre
The Postings in Kirkcaldy has a capacity of 21 stores, but currently only seven units are occupied.
A shopping centre in Fife will be auctioned on Tuesday - with a starting price of just £1.
The Postings in Kirkcaldy has a capacity of 21 stores, but currently only seven units are occupied.
Farmfoods and Lloyds Pharmacy are among the retailers who have units in the centre, which also comes with a car park for 299 vehicles.
The Postings attracts more than 30,000 visitors each week. However, it has seen revenues decline with the rise of online shopping.
A spokeswoman for the owner, Columbia Threadneedle, confirmed that bids for the building will start at £1.
"We acquired The Postings more than 15 years ago as an income proposition," she said.
"It has since been re-positioned as a development opportunity, which does not fit the holding fund's investment strategy.
"The reserve price of £1 is generating significant attention and we expect to get a considerable amount at the auction."
London-based auctioneers Allsop will put The Postings under the hammer on Tuesday at 10am. The auction will be live streamed via their website.