Business news: Morecambe’s Arndale to go to auction with £2m starting price

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Morecambe’s Arndale Centre is to be auctioned off with a guide price of £2m.

Chorley rugby player left with fractured eye socket after being punched during Blackpool matchIt has been billed as suitable for longer-term redevelopment, subject to the existing leases and obtaining all the necessary consents.Did you know with a Digital Subscription to Lancashire Evening Post, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.

The development is being sold as a freehold venture and is due to be sold via online auction on October 31. https://www.allsop.co.uk/lot-overview/freehold-town-centre-shopping-centre-investment-in-morecambe/c231031-027?searchid=uz8qg3dGVnqaJEnOmqMkmo6hMQZBAeNBIXLkch5BF+U%3D&idx=1#venue It could be the latest redevelopment project in the area after Eden Project Morecambe was awarded £50m in the second round of the UK Government’s Levelling Up Fund. In a partnership with Lancashire Enterprise Partnership, Lancaster University, Lancashire County Council and Lancaster City Council, the £100m scheme is planned to open towards the end of 2026 and is expected to bring a lot of trade to the area.

The news of the centre being up for auction comes 18 months after it was revealed the centre was up for sale for £5m.Did you know with a Digital Subscription to Lancashire Evening Post, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more.

 

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