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Stafford shops closing - Turning into a ghost town?

Discussion in 'Stafford Chat' started by Goldstyle Limousines, Mar 15, 2012.

  1. Mudgie

    Mudgie Well-Known Forumite

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    Yes, but Marcus has put it up for sale.
     
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  2. Gramaisc

    Gramaisc Forum O. G.

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    Everything Marcus has is always for sale - for the right price.
     
  3. Tilly

    Tilly Well-Known Forumite

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    I've put an offer in on Gordon Mills

    Inside left back for Ipswich Town

    I think the hair salon chain is still family owned

    Other than that why on earth would anyone want to own a piece of real estate in a dying dickensian post european amazonian era anyway?

    OK maybe the half mile building in Rugeley is valid

    Hovverboards all round!
     
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  4. RobUSA

    RobUSA Well-Known Forumite

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    If we can't attract a Lewis's I think Macy's is right out.
     
  5. Tumble weed

    Tumble weed Well-Known Forumite

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    Couture / The Top of The World nightclub is owned outright, hence why they're not too worried about the pandemic.

    The guy also snaps up any smaller properties on the high street as and when.

    I believe he owns all above subway opposite casa, including the vape shop, and the old fancy dress shop , right next to the club which he has converted to apartments.

    And the big car park, behind the take aways.

    He also owns various things within Staffordshire.
     
  6. Mudgie

    Mudgie Well-Known Forumite

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    Well, yes.
    Maybe he thinks his business has no future outside the EU !!
     
  7. Mudgie

    Mudgie Well-Known Forumite

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    I've never understood why businesses pay extortionate rents rather than buying premises.
    Not many years ago Enterprise Inns had the Tavern up for sale at less than £200,000 freehold. I remember it best as the Bath Hotel but customers since of Pitchers Wine Bar, Dougals, Seamus O'Donnells and the Tavern will know it as a sizeable three storey building, surely larger than Thorntons was and available at equivalent to six years rent of £35,500.
     
  8. Lucy

    Lucy Well-Known Forumite

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    Having the money to buy a premises when you are just setting up a business isn't that straightforward. Plus then you are liable for all the maintenance, and if shopping habits change etc. you are left with a massively reducing asset.
     
  9. Tumble weed

    Tumble weed Well-Known Forumite

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    They probably should have sold it when they had the chance, as is , it's probably only worth 50-100k, heard it's in a really bad way inside, and the cellar was never pumped out from when it was flooded.

    Think it was gutted internally about 3 years ago, then all work came to a Holt.
     
  10. tek-monkey

    tek-monkey wanna see my snake?

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    The way some landlords insist on long leases you're stuck anyway, but it's the age old issue of buying being cheaper but nobody will lend you the money unless you're already flush.
     
  11. tek-monkey

    tek-monkey wanna see my snake?

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    Heard the same, any potential buyer may need to pay for it's demolition.
     
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  12. Mudgie

    Mudgie Well-Known Forumite

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    Yes, but the Shrewsbury Arms was no better and Angus McMeeking has made a go of that when Enterprise Inns couldn't.
     
    Last edited: Dec 8, 2020
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  13. Mudgie

    Mudgie Well-Known Forumite

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    Paul Cope apparently owned loads of properties locally.
    Now whatever happened to him ? !
     
    Last edited: Dec 8, 2020
  14. Lucy

    Lucy Well-Known Forumite

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    Hahahaha.
     
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  15. Gramaisc

    Gramaisc Forum O. G.

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    He's still got my cassette of Norman Wisdom reading his* autobiography.




    * Norman's...
     
  16. Tumble weed

    Tumble weed Well-Known Forumite

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    A real shame about the tavern, who actually owns the building atm ? I assume even the flats above are now vacant due to the state of the place.

    Those remaining letters on the side should be removed by whoever owns the plot if nothing else, it's literally an accident waiting to happen.
     
  17. Mudgie

    Mudgie Well-Known Forumite

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    I read 'My turn' about ten years ago.
     
  18. Mudgie

    Mudgie Well-Known Forumite

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    It's probably now owned by Stonegate who took over Enterprise Inns two years ago.
     
  19. Cue

    Cue Well-Known Forumite

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    30%+ mortgage deposit generally puts a lot of people off. Plus it requires a desirable premises to actually be for sale
     
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  20. Mudgie

    Mudgie Well-Known Forumite

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    And that's why renting is often the easiest option - although it's the property owners that then dictate the terms and conditions.
     

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