And finally… £1 Fife shopping centre sold

The shopping centre in Fife which was put up for auction with a reserve price of only £1, has been sold for £310,000.

The sale was completed after just five minutes of bidding from online, phone and in-the-room bidders.

The auction of the Postings centre, which has 14 of its 21 shops vacant, was being sold by pension fund Columbia Threadneedle, was won by a phone bidder.

The centre also has a 299-space car park and its tenants currently include Fife Council, Lloyds Pharmacy and Farmfoods Limited.

It is close to the town’s pedestrianised High Street, which contains some big-name chain stores, and another shopping centre.