THE huge Plymouth city centre building that houses Tesco Express and TK Maxx has had nearly £2m slashed from its asking price after failing to sell.
The building, which fronts onto New George Street, Royal Parade and Bedford Way, went on the market in June 2022 for £6.31m but is now being advertised at a knockdown price of £4.5m.
It is in part of a larger block which British Land Company Plc – the property giant which owns Drake Circus Shopping Centre and the Barcode – paid £67m for and extends from Old Town Street and down to Armada Way.
In January 2022 it sold the disused Debenhams building, with an asking price of at least £3.5m, and in May 2022 advertised the House of Fraser building with an asking price of more than £4m.
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