Thursday, Nov 07, 2019

What is the real price?

BBC Sounds: You and Yours

Blackpool council just bought a shopping center in the middle of town for for £47.6 million from a company which paid £105 million four years ago.
Listen from 34.06 for all the information

Posted by deepak @ 02:33 PM (2291 views)
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6 Comments

1. stillthinking said...

I don't see this as price information personally. This is just Blackpool council handing over 50 million to a private interest with the usual stink ignored by all. BBC Eiffel was only registered in Guernsey in 2016...

Possibly I have been influenced by wandering about the on the way to abandoned shopping center above the extremely crowded Elephant and Castle tube in London, but its hard to see how a shopping centre in famously deprived area Blackpool is going to be a sound investment. So far Blackpool council are down 50 million onto which they have borrowing costs and maintenance plus low rents to stop the shops abandoning ship.

Wednesday, November 13, 2019 04:26AM Report Comment
 

2. taffee said...

Retail is digging its own grave imo apart from parking and business rates which they should be lobbying about... Its can be uncomfortable as they put prices up cut staff and with facial recognition and over zealous security guards they are creating them and us syndrome

Wednesday, November 13, 2019 05:15AM Report Comment
 

3. tenyearstogetmymoneyback said...

Personally I think a major part of the problem is that the majority of things that interest most men have disappeared from Town Centres. That eliminates a double digit percentage of customers.

If I think back 25 years a visit to town meant checking out the latest gadgets in Dixons, going in several record shops and buying at least one CD for £10+. As I walked past them you might also go in somewhere like C&A and end up buying some clothing.

Nowadays the only times I go into town is to arrange some new savings account that can't be opened online. Then I work out that the parking has cost two months interest on the previous account.

Sunday, November 17, 2019 11:49PM Report Comment
 

4. mrcaviar said...

The only time I have needed to visit a town is to open a bank account because the online application had a problem, parking is a rip off!

Thursday, November 21, 2019 06:56PM Report Comment
 

5. mrcaviar said...

Think the Blackpool speaker is naive, yes the rents maybe the same but thats the problem people will move away or just close if rents are the same in a declining market. Just because there is only 1 shopping centre doesn't make the shops more profitable and in turn will cost them in rental income when the businesses just leave

Thursday, November 21, 2019 06:59PM Report Comment
 

6. deepak said...

Love the comments above.
Anything comments about the 50% fall is property price?

Seeing the above comments, looks like even that might not be a viable option as the spending habits are changing, so could we see further falls

Saturday, November 23, 2019 03:36PM Report Comment
 

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