Re:America Needs Small Apartment Buildings
by pbhjpbhj on Friday March 31, 2017 @07:19AM
(#14002684)
Where in the UK?
Where I am you can get rent assistance from the council for up to 3 months. We this have lots of businesses that close after 3 months. A moderate newsagent type store on the high street is ~£5k per month (plus business rates, c.120m^2/1400sq.ft) - investors elsewhere don't need occupancy, they've already made back 100% of their purchase price in 10 years. They don't care if the space is occupied. Result, death to the city centre; it's all charity shops and pound shops.
... And like you say more shopping is moving off the high street too. But I'm not seeing the favorable high-street shop rentals you're suggesting.
Where I am you can get rent assistance from the council for up to 3 months. We this have lots of businesses that close after 3 months. A moderate newsagent type store on the high street is ~£5k per month (plus business rates, c.120m^2/1400sq.ft) - investors elsewhere don't need occupancy, they've already made back 100% of their purchase price in 10 years. They don't care if the space is occupied. Result, death to the city centre; it's all charity shops and pound shops.
... And like you say more shopping is moving off the high street too. But I'm not seeing the favorable high-street shop rentals you're suggesting.