Little rent increase

[anonymous-user]

http://retail.savills.co.uk/cog/images/property/96...

[Insurancejon]

isnt the ground floor of meadowhell twinned with Atlanis?

[S6PNJ]

so it's £1.3M in 'fixed costs' notwithstanding electricity and other things for the first year of trading? Where do I sign up?

[sunbeam alpine]

And in the corner - "Confidential - staff unaware"

Hope they're not on PH!

[Sheepshanks]

S6PNJ said:

so it's £1.3M in 'fixed costs' notwithstanding electricity and other things for the first year of trading? Where do I sign up?

I saw the costs for a unit in the Trafford Centre a while ago and they were similarly breath-taking. OK, some of the shops are busy bit you look at others and they can't possibly be making money.

[PurpleMoonlight]

No wonder they can't compete with the internet.

I have a client in Meadowhall, but a food/beverage outlet. He does very well.

[anonymous-user]

Even if the shop is doing well enough to be making £8k per week just now then, come August, it is only breaking even!

The increase is the bit that made me blink a bit

[Jockman]

I know savills are a joke company.

Is this too a joke?

[Chrisgr31]

sunbeam alpine said:

And in the corner - "Confidential - staff unaware"

Hope they're not on PH!

I was thinking the same!

[jamoor]

PurpleMoonlight said:

No wonder they can't compete with the internet.

I have a client in Meadowhall, but a food/beverage outlet. He does very well.

Imagine what that money gets you on an industrial estate.

Seems like everyone involved in retail from shops to landowners are too greedy for their own good.

[Sheepshanks]

jamoor said:

Seems like everyone involved in retail from shops to landowners are too greedy for their own good.

I guess if it didn't work people wouldn't take the units.

There's row going on about a small development that cost £80M in a town near us and only three of the units are taken.

[jamoor]

Sheepshanks said:

I guess if it didn't work people wouldn't take the units.

There's row going on about a small development that cost £80M in a town near us and only three of the units are taken.

Well most towns have high streets that are dead. My local certainly is.

[Mandat]

JPJPJP said:

Even if the shop is doing well enough to be making £8k per week just now then, come August, it is only breaking even!

The increase is the bit that made me blink a bit

It's not a rent increase. It's a discounted rate.

The standard rent is £795,000 pa but it is discounted by 50% (down to £397,500) for 5 months until August 2018.

[PurpleMoonlight]

jamoor said:

Imagine what that money gets you on an industrial estate.

Seems like everyone involved in retail from shops to landowners are too greedy for their own good.

And the Government, look at the bloody rates bill on that thing.

[Jockman]

PurpleMoonlight said:

jamoor said:

Imagine what that money gets you on an industrial estate.

Seems like everyone involved in retail from shops to landowners are too greedy for their own good.

And the Government, look at the bloody rates bill on that thing.

LA will be the beneficiary of those

[iphonedyou]

Jockman said:

I know savills are a joke company.

Is this too a joke?

Quite profitable for a joke company, though.

[Jockman]

iphonedyou said:

Jockman said:

I know savills are a joke company.

Is this too a joke?

Quite profitable for a joke company, though.

Yup. I’ve bought from them for the housing association I used to run. Based on that experience I wouldn’t use them to sell anything.

[jamoor]

PurpleMoonlight said:

And the Government, look at the bloody rates bill on that thing.

True, essentially they had a big trough that they will feed out if and expect consumers to fill. We are beating them through the use of technology thank god.

77% profit plunge at JL was excellent news imo.

[Wacky Racer]

JPJPJP said:

http://retail.savills.co.uk/cog/images/property/96...

It's inflation innit.


You should see the rents in The Trafford Centre.

[anonymous-user]

Some here: Trafford centre

http://www.shopproperty.co.uk/shops/Manchester