ED Deli closing

[LondonMix]

Office leases more so than retail and particularly so for small tenants and even more so outside of central London. Large tenants won't get a break clause for 10 years. A typical supermarket lease is 25 years during which time the landlord cannot remove them though there will typically be rent-reviews every 5 years (upwards only) that both parties are contractually obligated to agree.

[chellbirdse15]

Oh that is sad, they used to do such delicious things :0((

[Earl Aelfheah]

I heard that it's going to be a pirate supplies shop.

[LadyDeliah]

LM, yes I'd only been looking at office and small shop leases.

As for the upward only rent increase ours is pegged to the RPI and is twice in the 10 yrs. I have a commercial property lawyer organising all the terms and negotiating the lease and I think he's been pretty good so far.

It's a long term commitment and the wrong lease can cause a lot of problems for a business, so I think it makes sense to pay for a decent lawyer at the outset.

[LondonMix]

Yep, rent reviews are standard every 5 year even for large commercial leases. Sounds like you have a good deal and yes getting a good lawyer is very important, particularly for a new business.

[StraferJack]

I know a chav with a law degree. Think she's quite handy

(Edited to add there will be a lot of people reading that who won't know who I'm referring to and not just plucking the c word out of the air.... So trust me when I'm not aiming that at any societal group)

[Dulwich Born And Bred]

Whatever happened to her SF? Has she changed her name on here ?

[Mick Mac]

Who is SF?

[StraferJack]

Alas dulwichb&b I don't know. I used to live close to her but no more

Could be a mouthy moo sometimes mind you

[Dulwich Born And Bred]

Sorry meant SJ.... Him above !

Yes , I lived near her too but haven't seen her around in a long time .

She just disappeared and thought maybe her name was changed ....

[worldwiser]

It occurs to me now, maybe a Little Waitrose or similar has said they'll take it from October 2016, hence why such a short lease is on offer.

[LondonMix]

I thought the same. James mentioned they still had plans for the area and that an obvious location, though it might be too small

[Annasfield]

Looks like someone is moving in.....

[Dulwich Born And Bred]

And it's not waitrose 😔

[clockworkorange]

Unit is too small for such a retailer and is the wrong format.

[Dopamine1979]

I reckon another food shop.

Place your bets.

[Earl Aelfheah]

I reckon it's going to be a thimble shop. Selling only two different types of thimble.

[Zebedee Tring]

A cheese shop that sells no cheese whatsoever.

[BrandNewGuy]

My money's on Costa Coffee.

[Earl Aelfheah]

Oh christ, you're probably right. Costa would make sense. I really hope not. Wasn't there a (failed) campaign to keep Neros opening up in the area. Maybe it's time to dust off the placards.

[Ron70]

AA rahrahrah Wrote:

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

> Oh christ, you're probably right. Costa would make

> sense. I really hope not. Wasn't there a (failed)

> campaign to keep Neros opening up in the area.

> Maybe it's time to dust off the placards.

- If there was a protest against Cafe Nero (I didn't live here before Cafe Nero arrived)I'd suggest it wasn't really representative of the majority of ED residents, borne out by the fact that it's generally pretty busy.

- I don't really get why there would be a protest against a coffe shop. If you don't like it, noones going to force you to go there. If no one goes it'll close, if lots of people go,it'll stay open...same as any other outlet.

Ron70

[david_carnell]

Ron

As you weren't here you won't know what you're talking about.

One of the biggest issues that people protested against was the lack of planning permission. Nero just did the work and then applied retrospectively. Using the financial and legal clout of a multinational they bulldozed through local opinion.

People were also concerned that it took money away from the high street. A local independent run by locals channels its profits back into the local community. In Nero's case it simply goes to anonymous shareholders.

So, no, not the same as any other outlet.

[Earl Aelfheah]

It was a bit of a flippant remark, didn't mean to spark off an arguement about chain stores.

[Earl Aelfheah]

... although I personally would not want Costa to open up on the lane.

[BrandNewGuy]

I can't believe they wouldn't be interested, given what I assume has been very successful for Caffe Nero.