A shopping mall in Dundee has been sold at auction for £1.4m.
On Monday, the Wellgate Shopping Centre was sold to a private investor for almost triple its guide price of £500,000.
The shopping centre, which sits on Victoria Road in the city, has 76 retail units situated across three floors and a 583-space multi-storey car park.
The investor’s identity cannot be disclosed for legal reasons, however auctioneers Acuitus said the bidding process was “prolonged and heated”.
Mhairi Archibald from Acuitus Scotland said: “After a prolonged and heated bidding process, we are delighted with the result of today’s sale, demonstrating the demand for Scottish retail in prime locations.”
Follow STV News on WhatsApp
Scan the QR code on your mobile device for all the latest news from around the country
