Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Newcastle's Roebuck Shopping Centre up for sale for £4 million

Newcastle's Roebuck Shopping Centre up for sale for £4 million

Tue, 16 May 2017 | COMMERCIAL PROPERTY

Newcastle's Roebuck Shopping Centre is up for sale with a guide price of £4 million.

The centre generates around £486,000 a year in rent and boasts a number of popular stores including Next, Argos, Dorothy Perkins and Iceland. Just two of the total number of units are currently empty.

Traders hope the shopping centre's prosperity will not be affected by the impending sale.

The auction is set to take place at London's Berkeley Hotel on May 23.

A spokesman for Allsop auctioneers said: “Our client has set a guide price of £4 million. He owns a number of shopping centres and this is only one of them and he is auctioning it off as he looks at his portfolio."

Capello Lounge assistant manager Rowan Donnell told the Sentinel: "Roebuck Shopping Centre is very important to Newcastle. There are not a lot of things around here as it is and without it people would be inclined to go to Hanley. If someone buys it and brings more shops and restaurants in then it would bring more people into Newcastle."

Some people expressed confusion at the sale. Local resident Dave Hall said: “I do not know why you would sell the centre when it has so much potential. It is right in the middle of the town and has a big car park at the back."

However, he did agree that being able to attract bigger-named shops would be advantageous.

"A lot of people come to Newcastle and even more would if there were more big names like Top Shop or something similar. With the right shops people would rather come to Newcastle than Hanley."

Find retail businesses for sale.

Subscribe to the Business Sale Report.


Share this article



Latest Businesses for Sale

Football Equipment Retailer
North West, UK

E-commerce retailer of football equipment to schools football clubs & the general public. Key products include specialist training equipment footballs goals & other coaching materials.

Asking Price: Offers Invited
Turnover: £2,350,000

Fibre Optic Network Build Engineers
North East, UK

Specialist utility services provider delivering contract services for telecommunications & fibre-optic networks. Works include the installation of ducts micro-ducts access chambers street cabinets & fibre optic cable installation for major blue-chip...

Asking Price: Offers Invited
Turnover: £8,581,000

Transportation Services
North East, UK

Provides bus & coach services on behalf of local authorities universities & private companies throughout the North East of England.

Asking Price: Offers Invited
Turnover: £2,934,000


View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
Jan
 

630,000 UK businesses in “significant financial distress”, according to report | BUSINESS NEWS

According to the most recent Red Flag Alert research from Be...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
20
 
Jan
 

Modulaire Group extends UK presence with Carter acquisition | BUSINESS SALE

Modular space leasing business Modulaire Group has announced...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.