SE23 Forum

Sodo / Old Bank building up for auction next week - see Lot 3:

http://www.auction.co.uk/commercial/onlineCatalogue.asp

Not surprised they've not managed to pay for new signage if they have to pay that in rent!!

This means they are closing / moving?

It's unclear to me now why the current owner held out so long for a tenant (3 years?), leaving in empty, just to flog it on a few months into getting some regular income? I can't imagine Sodo have a hugely long lease so it can't be that they get a higher price for having a sitting tenant?

I think SoDo have a 20 year lease.

Wow! Good for them. I'll make a vow here and now to eat more pizzas to support them. I'm community spirited like that!