Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Wellgate: Dundee shopping centre to be sold off at auction

The Wellgate Centre is being sold off.
The Wellgate Centre is being sold off.

The Wellgate Shopping Centre in Dundee is set to be sold off at auction next month.

The building, which was built in the mid-1970s, will go under the hammer with a guide price of £500,000.

The centre is being sold with its 76 retail units and its 583-space multi-storey car park.

Although being marketed as a “prime retail centre”, the auction listing says that the building “may benefit from future redevelopment for a variety of uses” – raising the prospect that a buyer may look to move away from its use as a shopping hub.

The centre has suffered a number of blows in recent years with major retailers withdrawing their presence, including TJ Hughes department store at the end of lockdown.

Plans for a multiplex cinema at the Wellgate have failed to materialise.

It was previously the subject of plans for a cinema and restaurants, but so far those proposals have failed to come to fruition.

The centre still has a number of household names including B&M, Superdrug, Home Bargains, JD Gyms, Poundland, and Burger King – and generates a gross annual income of £1,341,000.

Mhairi Archibald of auctioneer Acuitus says the site could be the “perfect Christmas gift” for investors.

She said: “Opportunities to buy a prime retail centre in a Scottish city are few and far between.

TJ Hughes is among the retailers to have closed in recent years.

“The much-loved Wellgate Centre is one of two main shopping centres in Dundee and is ideally located in the prime retail pitch on the north side of Panmure Street at its junction with Murraygate.

“It’s the perfect Christmas gift for an investor ahead of the busy January sales period.”

The action takes place at 1pm on December 13 and will be live-streamed on the Acuitus website with bids accepted online, by phone and by proxy.