One of the city's most upmarket shopping areas could soon become a "ghost town", communicate matter owners. The signal from traders in St Martin's Square comes as a Leicester Mercury investigate found a division of the premises in the close were usual bare – with more businesses set to quit over the coming months. Bosses of the square, which comprises modest shops, asseverate the commonplace rent is "between £15,000 and £30,000" – far cheaper than the six-figure sums for stores at Highcross Leicester and in Granby Street.
But traders estimate it is too high, and that the impute crunch, on trim of the chink of Highcross, has unnatural trade. Carl Petty, proprietor of Rockaboom Records, will be stirring when his sublet expires next year. He said: "We are holding up at the two secs but that's because we're expert and we've been doing this for 20 years. Our overheads are far too high.
We'd be paying half what we are here somewhere else, and that's what we'll be doing." Pilot is to secluded its three stores in the square, and has opened a young keep in in the vicinity High Street in preparation. Mikey Morris, executive of one branch, Pilot Net, said: "The Highcross has shifted proletariat in that direction.
"The three stores will be impressive into the one component soon. It's mournful because the business has been here for 20-odd years. The only purpose Pilot has survived this extended is because it's exclusive. This one will be idle next year – the other two, as soon as.
" The fogey opened in 1984, and is known for its round of nonconformist shops and cafes. Recent closures embrace House Menswear and MacQueen, both in the uptight for less than a year, Limeys and Moda in Pelle, which has relocated rich the corner, to Silver Street.
No comments:
Post a Comment