Out with the Old... Network Rail tell businesses to vacate Atlantic Road arches

Discussion in 'Brixton' started by :-D, Feb 4, 2015.

  1. ricbake

    ricbake working out how

    As workshops they have a Business Rates value of £130 per square metre
    As retail premises the rateable value is calculated at up to £900 per square metre....

    Arch 585 - Unit number 1 will pay about £24,000 a year in business rates
     
  2. CH1

    CH1 "Red Guard"(NLYL)

    Will this impact further down the line eventually? I mean the so far unmodernised arches at Loughborough Junction. Or is it contingent on redevelopment into bistros?

    How about this new and imaginative use for an arch. I only discovered about it yesterday when I was approached by someone filming my house (apparently the Rock Climbing Centre is immediately behind me on his SatNav).
    Contact — BlocFit

    Wonder what the business rates are on a Rock Climbing Centre in an arch in the heretofore car repair zone?
     
  3. ricbake

    ricbake working out how

    Find a property

    For 2018/19 the multiplier is 49.3 pence and the small business rate multiplier is 48.0 pence.
    upload_2019-2-24_14-42-41.png
     
    CH1 likes this.
  4. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

  5. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Looks like two of the former tennants are returning, and the arches do look very nice.
     
  6. editor

    editor Forked with electrons

    "Nice" as in bland, generic and with the new sky-high pricing, likely to provide a home for bland, generic shopfronts for incoming pricey shops?
     
    Lambeth Boy likes this.
  7. editor

    editor Forked with electrons

    This was posted on Facebook so I cant vouch for its accuracy. Can anyone confirm?

     
  8. happyshopper

    happyshopper Well-Known Member

    I'm pleased that O Talho (Portugese butcher and other foodstuffs) is coming back.

    eatinbrixton reviewed it back in 2014 see Cinco Quinas
     
    editor likes this.
  9. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Don't believe it, you may be selling a high price item and working on small margin, 8% of turnover could mean you are selling at a loss. Someone once said to me “Turnover is vanity, profit is sanity”
     
    CH1 likes this.
  10. editor

    editor Forked with electrons

    I do wonder how long they'll be able to hang about for. The cynic is me thinks that Network Rail elected to let some businesses back at a cheaper rent because it makes good PR in response to the community's opposition to the refurbishments.
     
  11. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    You say that but former tenants are returning
     
  12. editor

    editor Forked with electrons

    I asked for a source on FB and got this response:

     
    Gramsci likes this.
  13. editor

    editor Forked with electrons

    See my post above. And yes "some" are returning, but a lot aren't.
     
  14. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    That’s a fair point and it wouldn’t surprise me in the slightest.
     
    editor likes this.
  15. Lambeth Boy

    Lambeth Boy Well-Known Member

    As I’ve posted before the returning tenants are on staged rent increases so theywill pay full market rents like any other tenant new or old after 5 years , the start rents for them are around 2 to 3 times what they had been paying when they vacated in 2016 . The Contractors didn’t even remove the vegetation growing above so it’s just a tosh over ! It’s all about the rent !!!
     
    Gramsci and editor like this.
  16. Mr Bim of Bar

    Mr Bim of Bar Well-Known Member

    Wow I was thinking exactly the same the thing, the buddleia trees are an eye soar, I was hoping they would take them out
     
  17. editor

    editor Forked with electrons

    Strange then that the overwhelming majority of these arches are available for rent:

    arches.jpg
     
  18. mafalda

    mafalda Member

    IMG_0197.JPG IMG_0193.JPG looks like NR aren't finishing arches in line with planning conditions. All adopted planning drawings show the existing really nice polished mosaic tiling being cleaned and repaired. Looks to me like they've repaired and painted instead. Must have saved NR some cash I guess. When do you think they'll be pulling out the shrubbery as well, which also forms part of the planning documents.
     
    Gramsci likes this.
  19. Lambeth Boy

    Lambeth Boy Well-Known Member

    Jose’s old Arch ( A & C deli ) is ‘ cheap ‘ at £34,000 p.a for a Arch with A3 use but the new hipsters will be on the phone to Mummy & Daddy to dip into their trust fund when the bidding war starts
     
  20. editor

    editor Forked with electrons

  21. CH1

    CH1 "Red Guard"(NLYL)

    The Elephant and Castle shopping centre did this - even more weighted to turnover I believe. A bit academic now as the place is winding down and nearing demolition.
     
  22. madolesance

    madolesance Well-Known Member

    There’s probably a bit of room here to be a little pedantic about the last statement. ‘Overwhelming majority’ doesn’t quite add up.
     
  23. editor

    editor Forked with electrons

    I was just exaggerating for effect given that Network Rail was insisting that most of the traders were coming back, when in fact it's a minority.
     
  24. madolesance

    madolesance Well-Known Member

    There’s a lot of traders coming back. And good luck to them.
     
  25. Gramsci

    Gramsci Well-Known Member

    Looking at editor post its 14 returning and 18 not.

    Looks to me like majority not coming back.

    How do you feel about NR permanently pushing out 18 business?
     
    editor likes this.
  26. Gramsci

    Gramsci Well-Known Member

    Will they remain affordable?

    I know business in Victoria. To cope with the "regeneration" of Victoria they went up market. Didn't quite work but worked enough to exclude old regulars.

    Some of these returning business might have to do the same here.
     
    editor likes this.
  27. editor

    editor Forked with electrons

    Network Rail originally claimed that 75% of the traders were coming back (and that figure did NOT include businesses in sub letted units, who were basically out on their arse). This has proved to be a big fat lie.

    And yes, they'll need all the good luck they can muster as Network Rail has stated that those units will all be liable to stepped increases in rents.

    I don't see 14 businesses coming back as a 'lot' either.
     
    Gramsci likes this.
  28. Lambeth Boy

    Lambeth Boy Well-Known Member

    The owner of Ashoks ( newsagents in Station Road ) died of a heart attack last Christmas ( stress related ??) , Mash Brothers fishmongers , The Baron , Brixton Tools , Budget Carpets , A & C Deli , Kings car hire plus all the concessions who WERE PROMISED first refusal during the negotiations early on ! The list goes on
     
    editor and Gramsci like this.
  29. Ms T

    Ms T Honey-coloured ramparts

    Is Cafe Max coming back?
     
  30. madolesance

    madolesance Well-Known Member

    Yes, and Cafe Rio.
     

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