Receivers are promoting The Alhambra procuring centre in Barnsley, which has outlets together with Wilko, Primark, The Entertainer, EE and Iceland, for £10.5m.
They are saying it’s ‘nearly all absolutely occupied’ and the ‘principal retail centre for the borough of Barnsley’.
The transfer comes amid issues that Barnsley Council’s £210m new improvement, The Glassworks, is one purpose for the Alhambra’s demise.
In November, Coun Hannah Kitching, the chief of Liberal Democrats in Barnsley, requested whether or not the city may help each.
At a full council assembly she mentioned “Excessive Avenue retail was already on the downturn earlier than the pandemic.
“We perceive the Glass Works is the precedence for the council, it’s a giant flagship city centre improvement, and… two of the big shops within the centre by way of market presence, Subsequent and TK Maxx, had been inspired to maneuver from their base on the Alhambra to the extra outstanding place within the Glass Works.”
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Andrew Reavill mentioned: “What did Houghton and co actually count on to occur by constructing a brand new centre and shifting the prevailing retailers into it?”
Council chief Sir Steve Houghton acknowledged there had been an influence on the Alhambra however mentioned each had been a precedence.
“The Alhambra is a precedence, as is the Glass Works, and we wish each.”
The centre opened in 1991 and has 40 models.
Saying the gross sales pricess, James Yates, director at Avison Younger mentioned: “This is a superb alternative to accumulate a really nicely occupied scheme with alternatives to extend and diversify the tenant combine, and providing extra leisure facilities reminiscent of a fitness center, medical operator and foods and drinks retailers, rising dwell time within the centre and thus footfall.”
Coun Sir Steve Houghton CBE, chief of Barnsley Council, mentioned the authority was ‘very supportive of companies and key private-sector asset house owners within the city centre’.
And he mentioned the receivers had been assured of discovering a brand new proprietor.
He added: “The retail provide within the Alhambra stays sturdy and the broadening of choices of use for a few of the unused area would complement the broader mixture of makes use of we’re already seeing within the city.”