Fire in Sunderland City centre..



5 times the rent for a similar sized unit a few hundred yards away.


May as well be on a different planet from a retailers pov , it’s like comparing apples and pears man.

Remember these rents are calculated by surveyors, helped by what other units are rented for , so you can really only pay the market rate.

Would anyone or any business sign a lease at “ extortionate “ rate ? , doesn’t really happen , certainly not in Sunderland.
 
May as well be on a different planet from a retailers pov , it’s like comparing apples and pears man.

Remember these rents are calculated by surveyors, helped by what other units are rented for , so you can really only pay the market rate.

Would anyone or any business sign a lease at “ extortionate “ rate ? , doesn’t really happen , certainly not in Sunderland.

Peacocks obviously thought so, hence the reason they moved a few hundred yards.
 
They've just moved out of one like, I'm guessing cos they didn't want to pay the extortionate rents.

They were located just outside of the Bridges. The company went into admin & loads of shops closed including the Sunderland one. They then opened up in Blanford st about 5 years after the previous one shut.
 

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