Morecambe's Arndale Centre up for sale for £5m

Agents Realla, who are marketing the centre, say that it is an investment opportunity with a catchment area of over 197,000 people.

The centre comprises a 1983 steel constructed shopping centre with retail accommodation extending to approximately 140,000 sq ft.

The centre has six storeys and is on a 15 acre site.

The Arndale Centre in Morecambe currently houses charity shops, Iceland, a phone shop, clothes shops, a jewellery shop, a shoe shop, Bodycare, Boots, Poundland and others.

Home Bargains in the Arndale closed on Christmas Eve 2021, while the Tesco store closed in 2015.

The centre currently has 14 units to let. For more information on the sale visit here

London-based NewRiver REIT took ownership of Morecambe’s Arndale Shopping Centre in a deal worth £14m in 2014.

The sale does not include the Travelodge, which NewRiver REIT sold to a private investor in 2019.

NewRiver REIT declined to comment.