Brantano going – Iceland coming & Mountain Warehouse
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I makes to believe that in the next few weeks/months Brantano will be closing on island green and leaving Wrexham, being replaced by Iceland
Brantano has been wanting to go for a while based off this PDF: http://www.cheetham-mortimer.com/_assets/userfiles/files/Wrexham%20-%20Unit%2012,%20Island%20Green%20Shopping%20Park%20(July%202012).pdf
March last year I was passed that – and going by the date on it of July 2012 its been on offer for a good while.
“The premises are held on a 25 year lease expiring 24th June 2024 subject to rent reviews every five years of the term. The current rent passing is £180,000 per annum.”
The other bit to note is “ON THE INSTRUCTIONS OF BRANTANO CONFIDENTIAL – STAFF UNAWARE”
Yeah it’s been available for new tenants for some time. Don’t think it’s a prime location in the corner there; can’t remember the last time I actually went inside!
When you see these figures it really makes you wonder how the discount stores are able to make money on low value items – assume it must all be to do with high volume. It also shows that on many days when it is quiet in town stores are not covering their costs. The other aspect to some of the stores as well will be that some stores are loss leaders to keep out the opposition- I wonder how many of these are in Wrexham where keeping a brand alive in an area is more important than bottom line profits. Certainly something that can’t go on for ever.
At least in Island Green t will be one out one in keeping all the shops open apart from HMV.So if true, Iceland is opening literally metres from where Cool Trader has been for the past several years. Logic?
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