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How a toy shop closed to pay for pupils at Dulwich College (and Alleyn’s and JAGS)
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Anotherjohn


Posts: 405
Joined: May 2005
Post: #1
17-02-2016 04:23 PM

People are jumping up and down because the article and the petition both state that the shop's rent is to be increased by 70% but does anyone know what the rent was - or how long it has been since the last rent review?

I don't suppose the shopkeeper has stated what mark-up they charge on their stock or what their turnover is?

I wonder if the shopkeeper also happens to own a house or flat in the London area and, if so, how much that property's value has increased over the past few years?

Many, many years ago, at a 5yr rent review, my landlord increased the annual rent on my shop from £2,250 to £6,500 and on the following review it went up to £12,000. People in business should know what can happen when they take on these Leases and they shouldn't expect everyone to weep for them when things don't go their way.

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RE: How a toy shop closed to pay for pupils at Dulwich College (and Alleyn’s and JAGS) - Anotherjohn - 17-02-2016 04:23 PM