Threshers on LL

[KarenBates]

I've been living in the area for a few years now and Threshers is still empty! Anyone know why/ have the scoop on any future plans?

[worldwiser]

I seem to remember hearing that the landlord stipulated that it must remain a wine shop. Since ED now has about 17 wine shops, it seems bordering on the idiotic to hold out for another.

[KarenBates]

That's ridiculous! Does the landlord not mind losing BIG bucks in rent not having it filled? I don't know how people can afford it.

[DulwichFox]

Landlords are NOT losing money.. They are all doing it..

No business rates.. Low Utility bills. .. no electricity bills.. gas bills..

Buildings are often used as collateral on the mortgage of the next building.

And so it goes on..

Why do you think there is no rush for many places to open up..

And in general price have been going up ..

DulwichFox

[Sue]

DulwichFox Wrote:

-------------------------------------------------------

> Landlords are NOT losing money.. They are all

> doing it..

>

> No business rates.. Low Utility bills. .. no

> electricity bills.. gas bills..

>

> Buildings are often used as collateral on the

> mortgage of the next building.

>

> And so it goes on..

>

> Why do you think there is no rush for many places

> to open up..

>

> And in general price have been going up ..

>

Surely it would be the tenants who would pay utility bills etc, not the landlord?

And the rent which has been lost over the last years must be absolutely colossal for a place in such a prime position, and must surely far outweigh any savings due to the shop being empty.

[New Girl]

So I was in the card shop a few months ago and 2 guys came in and asked the lady serving if the property next door, threshers, was available. They were hoping to turn it into a Turkish deli. Like we don't have enough of these.

[titch juicy]

Enough Turkish Delis?

Are they well hidden or sneakily disguised as Estate Agents and Indian Restaurants?

[eddie]

The word is that threshers building is getting guaranteed rent twice over due to cross guarantees from two major corporate companies that had to pick up the lease as part of corporate mergers. No financial benefit for the landlord to let it.

[DulwichFox]

Sue Wrote:

-------------------------------------------------------

> DulwichFox Wrote:

> --------------------------------------------------

> -----

> > Landlords are NOT losing money.. They are all

> > doing it..

> >

> > No business rates.. Low Utility bills. .. no

> > electricity bills.. gas bills..

> >

> > Buildings are often used as collateral on the

> > mortgage of the next building.

> >

> > And so it goes on..

> >

> > Why do you think there is no rush for many

> places

> > to open up..

> >

> > And in general price have been going up ..

> >

>

>

> Surely it would be the tenants who would pay

> utility bills etc, not the landlord?

>

> And the rent which has been lost over the last

> years must be absolutely colossal for a place in

> such a prime position, and must surely far

> outweigh any savings due to the shop being empty.

That's true.. But it's the

'Buildings are often used as collateral on the mortgage of the next building.' bit that is useful

with tennants on a lease. This does not apply (as I understand)

Having just 1 vacant property means you can use it toaquire more property. get it up and running and paying for itself

and you can aquire more property.. This is how people form small chains of shops.

A couple of vacant premises and you are away.

Foxy

[KidKruger]

"Having just 1 vacant property means you can use it to aquire more property. get it up and running and paying for itself and you can aquire more property.. This is how people form small chains of shops.

A couple of vacant premises and you are away"

not sure I agree with that Foxy, unless you're talking fully paid-off (mortgage) business premises (which still wouldn't make sense as you're not using your full potential of the asset) ?

If you want best chance of raising capital against an existing property, you let/lease it and increase what you can obtain on the next transaction/property. You don't leave it sat empty, under-achieving on potential income, if you are seriously trying to increase your portfolio or make money. Unless I missed something in what you said.

"Having just 1 vacant property means you can use it to aquire more property." To me this has no logic at all !

[V511]

Landlords can just sometimes be weird and not do the obvious thing. An example is the offices above Foxtons. They didn't want to let out the 1st floor unless it was to a certain calibre of company, which resulted in a prime bit of office space going un-let for 7yrs. They could have let just half of it, or done desk space etc. but they weren't interested. Go figure.

[DulwichFox]

Despite widespread anxiety about a shortage of housing supply, there are 610,123 empty homes in England, according to the government. Of these, 205,821 have been unoccupied for six months or more, the official definition of "long-term" emptiness.

The Bezier building stands right in the middle of London's Old Street area, one of the most expensive and fashionable parts of the UK. Flats inside the apartment block can cost more than ?1m and monthly rents of ?2,000 are easily achievable.

But more than five years after its completion the Bezier, shaped like two sails full of wind - seemingly a metaphor for the area's forward-thinking economic confidence - is almost half-empty.

Buy to Leave where rich investors, often from abroad, purchase property and leave it empty, not bothering to collect rent money while adding to the nation's housing shortage.

Full article here. http://www.bbc.co.uk/news/magazine-34930602

With banks paying very little interest and now not guaranteeing ALL your money is safe, people are turning

to property as a safer alternative. No need to rent them out.

DulwichFox.

[pez]

My business is looking for office / retail space locally so please let me know if you're aware of any empty spaces around LL. Thanks!

Matt

[shell]

Hi Matt .. The Lordship laundrette is still available i think .. check Hindwoods. There is a small unit on grove vale ( old framers ) going .. number to call in window. It seems to be a very murky world with people preferring not to advertise half the time. e.g. the estate agents on goose green roundabout was ' closed for refurb ' for ages and now suddenly its going to be a barbers. Go into places and ask is my advice .. a few landlords own various units in dulwich. Property in can be quite helpful. If you are willing to widen your search to peckham rye you'll have more options. The bed shop near Pedlar for example is available. Good luck!

[Roundabout]

Error:

[KarenBates]

-- moved topic --