Many people blame Covid for all the problems facing the UK’s high streets. However, this is simply not the case. Let us not forget spiraling business rates, ever increasing rents, extortionate parking charges, poor infrastructure, retailers moving away from high streets to retail parks, increased…
Small independent high street businesses now owe 4 times as much as they did a year ago. This mountain of debt has increased primarily due to the pandemic and will only get worse. These small businesses have only survived as they have had to borrow…
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…
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,…
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…
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…
Womenswear chain Bonmarche has collapsed into administration for the second time in just over a year, putting more than 1,500 jobs at risk. This will lead to even more vacant shops appearing on the high streets and the value of these properties falling substantially.
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…