A Coventry shopping centre is going under the hammer at an auction next month.
The leasehold for West Orchards Shopping Centre has been put on the market with a guide price of £5.5 million.
Unless it is sold in the meantime, the Smithford Way centre is going to auction on February 3 after current leaseholders – property investors RDI – decided to move on.
According to CoventryLive, RDI hold two 99-year leases from Coventry City Council.
The facility, which opened in 1991, is spread across six floors. It boasts retail, food and leisure outlets as well as a 563-space car park and is believed to have attracted more than seven million visitors in 2019.
Last year, the centre was dealt a blow when Debenhams – one of its flagship stores – announced its closure.
RDI, West Orchards Shopping Centre or Coventry City Council have failed to provide comment on the sale.