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HarderFaster Forums >> General Mayhem >> Notable, semi-notable, and the downright obscure Company Closures 2018

 
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Matt
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Betting shops, in vast swathes!

http://www.bbc.co.uk/news/business-44148285

At this rate, the high street will be decimated and government income from business rates will all but disappear.

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Old Post18-05-2018 09:01 AM
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danj
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[Edited by danj on 18-05-2018 09:55 AM]

Quote:
Matt wrote on 18-05-2018 09:01 AM

Betting shops, in vast swathes!

http://www.bbc.co.uk/news/business-44148285

At this rate, the high street will be decimated and government income from business rates will all but disappear.



Nope, they'll end up charging small business owners like yourself and myself more tax to make up for the shortcomings, then we'll end up leaving the country.

Oh, wait, yeah, you're right Idea

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Old Post18-05-2018 09:55 AM
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Matt
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Quote:
danj wrote on 18-05-2018 09:55 AM

Nope, they'll end up charging small business owners like yourself and myself more tax to make up for the shortcomings, then we'll end up leaving the country.

Oh, wait, yeah, you're right Idea



Leaving the country and going where? This is happening everywhere, high street retail being replaced by online business models.

My guess is we'll see the empty shops turned over to housing, a better use given current need, which will relieve landlords from the burden of paying for empty properties. I guess they will take a massive hit on the value of their portfolios, I wonder if any have made contingency Scratches Chin

And local authorities can expect a cut in parking income, I don't think the drop in business rates will affect them as that goes straight to central government.

Maybe this will work out better than expected - landlords are already weighing up the cost of business rates for empty properties with cheap rent for charity shops (might even be 0) so converting to housing might provide affordable social accommodation Scratches Chin

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Old Post18-05-2018 11:33 AM
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Matt
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This report looks interesting, I was thinking about using empty retail space for affordable housing but this includes office space:

http://www.emptyhomes.com/assets/affordable-homes-from-empty-commercial-spaces.pdf

And here's a way of turning an empty space into usable accommodation:

https://www.fastcompany.com/3057889/this-pre-fab-apartment-turns-empty-offices-into-affordable-housing

It's a cube with the essentials




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Old Post18-05-2018 11:49 AM
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danj
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Quote:
Matt wrote on 18-05-2018 11:49 AM

This report looks interesting, I was thinking about using empty retail space for affordable housing but this includes office space:

http://www.emptyhomes.com/assets/affordable-homes-from-empty-commercial-spaces.pdf

And here's a way of turning an empty space into usable accommodation:

https://www.fastcompany.com/3057889/this-pre-fab-apartment-turns-empty-offices-into-affordable-housing

It's a cube with the essentials






I haven't read the article but, wouldn't that come with an entire host of regulatory issues due to the separation of residential and commercial property classifications?

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Old Post18-05-2018 14:53 PM
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Matt
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Quote:
danj wrote on 18-05-2018 02:53 PM

I haven't read the article but, wouldn't that come with an entire host of regulatory issues due to the separation of residential and commercial property classifications?



I'm sure it would, but there's no point retaining A1 usage when demand for retail space is declining.

This needs to be driven by government policy so my suggestion would be to that the landlord can change usage to domestic without any cost provided they let as affordable housing.

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Old Post18-05-2018 15:12 PM
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Matt
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Poundworld

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Old Post07-06-2018 16:35 PM
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Matt
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House of Fraser Scratches Chin

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Old Post07-06-2018 16:36 PM
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pieman

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Homebase look like they're on the way out. Have been for a a while tbh, had a few owners over the last couple of years or so, time to put it out of its misery now tho.

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Old Post31-08-2018 07:20 AM
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