Quote:
Originally Posted by Damien
I think this is something else. This isn't just an issue with having one of those shops but how many they are and how fleeting they exist in vacant units before disappearing again.
London rent is expensive. You have these American candy shops more commonly appear than a Pret or Starbucks does and no one is ever in them.
Private Eye did a piece on it: https://www.reddit.com/r/london/comm...ouvenir_shops/
Something weird is going on. |
Possibly a rates scam too as a landlord pays rates on a vacant property but not on one occupied. Get a charity in, no rates. No charity, get a company in, it closes down after a rates demand and get another one in its place. Probably with no rental charge.
Why not reduce the rent so it's now affordable? You would then potentially have to reduce everyone's rent and you may have some honest tenants locked into expensive arrangements.