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Stanleyguy · 15-11-2004, 14:57

I had a walk through the new development on Broadway on Saturday prior to going up to the Crown Ground to watch Stanley.

Whilst it is a definite improvement on the old outside market, why is there still a feeling that it isn't yet finished? I was surprised to see that there are several units empty, which seeing how busy the area was, I was at a loss to understand. Are the rents too steep, or are the businesses not around to snap them up?

Wasn't there going to be a pub/restaurant there?

When the development was being planned, I remember reading that there needed to be sufficient pre-lets to persuade the bank that there would be sufficient rental income to repay the loans given to the developers.

Either someone, somewhere is losing a lot of money on the units being empty, or the profit margins are so great that they can afford not to let them.

15-11-2004, 14:57	#1
Stanleyguy Member Join Date: Oct 2004 Location: Accrington Posts: 50 Liked: 0 times Rep Power: 0	Broadway Shops I had a walk through the new development on Broadway on Saturday prior to going up to the Crown Ground to watch Stanley. Whilst it is a definite improvement on the old outside market, why is there still a feeling that it isn't yet finished? I was surprised to see that there are several units empty, which seeing how busy the area was, I was at a loss to understand. Are the rents too steep, or are the businesses not around to snap them up? Wasn't there going to be a pub/restaurant there? When the development was being planned, I remember reading that there needed to be sufficient pre-lets to persuade the bank that there would be sufficient rental income to repay the loans given to the developers. Either someone, somewhere is losing a lot of money on the units being empty, or the profit margins are so great that they can afford not to let them.