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…
Sell My Commercial Property have recently purchased a large number of high street shops, offices and houses and flats with sitting tenants. We are here to assist property owners who want to sell and need to sell and who are fed up with estate agents who promise…
The chain has become the latest high street casualty and will be liquidated in the New Year after rescue talks with JD Sport fell through, drawing a line under 242 years of trading and jeopardizing 12,000 jobs. This is catastrophic for our high streets which relied on…
Sir Philip Green’s Arcadia retail empire has fallen into administration with 13,000 jobs and hundreds of stores at risk, making the Topshop owner the UK’s biggest corporate failure of the coronavirus crisis so far. What does this mean for our high streets? Its simple and the news…
The pandemic has led to the collapse and permanent disappearance of many household high street retail names. In addition to this, others have gone into administration and been forced to close a large number of their shops, reduce staff numbers and generally scale back to…
Coronavirus has recently wiped out 700,000 payroll jobs in the UK as the unemployment rate has spiked to 4.1% with 2.7 million on benefits. This has had a knock-on affect on all types of commercial property, especially retail and offices.
The commercial property market in general has performed quite well since the start of 2016 but cracks are slowly starting to appear. There are many factors which affect the commercial property market, directly and indirectly, which include the following: (1) interest rates, (2) the stock…
Carter Jonas is predicting total returns from commercial property will fall to 8.8% in 2016. This contrasts with total returns of 13.4% this year. The property consultancy said yields were at or approaching previous lows and that capital value growth was unlikely to drive returns…
We regularly receive calls here at Sell My Commercial Property from individuals who think we are agents and who ask us for advice on how to sell their shops. Once we explain that we are in fact investors who buy property, there is a sigh…