In another blow to our high streets, Gap will be closing all of its 81 UK shops. The reason for this, apart from Covid are they failed to adapt to changes in fashion trends, had too many sales, failed to change its image and branding…
Many people are asking who are the commercial property buyers who are still buying high street shops and offices. We at Sell My Commercial Property have been buying since 1999 and have never stopped! We are still interested in buying high street shops, offices, houses…
The commercial property market faces another threat in the form of looming increases in interest rates. HSBC has predicted that the Bank of England will start increasing interest rates as early as next year where it had previously been thought that this won't happen until…
Covid was the final nail in the coffin for our high street shops. For many years leading up to March 2020 the high streets have been struggling from competition form shopping centres and out-of-town retail parks, high business rates, parking restrictions and a lack of…
Ministers have warned that footfall across high streets in the UK may never reach pre-pandemic levels as Boris Johnson confirmed plans to lift restrictions in shops, restaurants and pubs on England’s “freedom day” on July 19. Minister for regional growth and local government, Luke Hall,…
Revolution Bars have had their CVA approved to close 6 sites and reduce their rent on 7 other sites. This is a further blow to landlords and the high street and another sign that those in the hospitality sector continue to struggle and face a very bleak…
Fashion chains Peacocks and Jaeger have today fallen into administration, putting more than 4,700 jobs and almost 500 shops at risk. The retailers, which were both part of billionaire Philip Day’s EWM Group retail empire, confirmed today that they had appointed administrators from FRP Advisory. It is…
This article is different from most of the others in that it concerns residential property and specifically sitting tenants. As well as buying all types of commercial property, we at Sell My Commercial Property also buy houses and flats. We are very experienced at buying residential properties with sitting tenants…
The boss of Britain’s biggest nightclub operator has warned landlords that the company faces collapse unless a sale is agreed imminently – putting more than 1,000 jobs at risk – telling landlords it will have to close unless they agree to rent-free occupancy of its nightclubs. This…
An M&B spokeswoman said: ‘As announced in September, M&B re-opened the vast majority of its estate, approximately 95 per cent, after the first lockdown ended. ‘The remaining sites have been under review on a case-by-case basis since and we have taken the difficult decision not to…