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SE23 Forum / Sections / SE23 Topics / Sodo / Old Bank building up for auction

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Sodo / Old Bank building up for auction
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mrwandle


Posts: 73
Joined: Sep 2011
Post: #1
17-10-2014 04:58 PM

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!!

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squashst


Posts: 129
Joined: Mar 2009
Post: #2
17-10-2014 06:21 PM

This means they are closing / moving?

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crassbelch
Banned Troll

Posts: 130
Joined: Nov 2013
Post: #3
17-10-2014 06:27 PM

[Post removed due to abuse -admin]

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mrwandle


Posts: 73
Joined: Sep 2011
Post: #4
20-10-2014 10:37 AM

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?

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lacb


Posts: 627
Joined: Mar 2005
Post: #5
20-10-2014 10:57 AM

I think SoDo have a 20 year lease.

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mrwandle


Posts: 73
Joined: Sep 2011
Post: #6
20-10-2014 10:59 AM

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!

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