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Woolworths; any action on the horizon? |
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Apr 12 2010, 09:28 AM
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QUOTE (TallDarkAndHandsome @ Apr 12 2010, 09:52 AM) Take a walk down Cheap Street. I think their are more boarded up shops than open ones! Didn't seem like that when I was last down that way (apart from the units under the cinema). Hasn't a new financial advisor just opened up there? QUOTE (TallDarkAndHandsome @ Apr 12 2010, 09:52 AM) You have to wonder what will happen with Parkway if a shop in the middle of Northbrook Street with probably the most people passing its doors in Newbury cannot find a firm that is willing to risk a business opening... Seems like the Woolwoorths building has been blighted by Parkway and the removal of effective rear access. A large shop needs access for delivery lorries; perhaps splitting it into smaller units would make sense - an arcade of sorts. Meanwhile someone thinks enough of it to be tidying it up, removing asbestos etc.
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Apr 12 2010, 09:46 AM
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QUOTE (blackdog @ Apr 12 2010, 10:28 AM) Didn't seem like that when I was last down that way (apart from the units under the cinema). Hasn't a new financial advisor just opened up there? And former premises of the Chinese restaurant are being refurbished. Apparently when the road was closed footfall increased, which sounds like a good argument for daytime pedestrianisation of Cheap Street.
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Apr 12 2010, 12:26 PM
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QUOTE (blackdog @ Apr 12 2010, 10:28 AM) perhaps splitting it into smaller units would make sense - an arcade of sorts. The landlord would never agree.
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Apr 12 2010, 06:15 PM
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QUOTE (Blake @ Apr 12 2010, 04:46 PM) And why not? Chopping up a perfectly good shop, one of the few large units in Newbury, into a 'Market' so that it can be filled with 'traders' selling the cheapest tat? Even if the landlord decided it was a good idea you then have to find someone willing to stump up what must be an enormous rent - 730ft down weavers walk is £16000pa - on top of which you have the problem of finding enough tennants & fast to fill 20 odd units. Each would still be £10000pa....
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Apr 12 2010, 11:49 PM
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QUOTE (dannyboy @ Apr 12 2010, 07:15 PM) Chopping up a perfectly good shop, one of the few large units in Newbury, into a 'Market' so that it can be filled with 'traders' selling the cheapest tat?
Even if the landlord decided it was a good idea you then have to find someone willing to stump up what must be an enormous rent - 730ft down weavers walk is £16000pa - on top of which you have the problem of finding enough tennants & fast to fill 20 odd units. Each would still be £10000pa.... No ones jumping at the chance of a big shop - perhaps splitting makes sense. Why do they have to sell cheap tat? Mind you - selling cheap tat does seem to be profitable. Perhaps they could provide a walkway through to Parkway - lots of passing trade. Do it up nicely, lett 20 small units or 10 medium sized boutiques, not market stalls - would probably raise more than letting it as a whole.
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Apr 13 2010, 07:48 AM
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QUOTE (Hugh Saskin @ Apr 13 2010, 08:00 AM) According to a Wilkos employee I was talking to last week in B'stoke, they are indeed intending to move into the old Woolworths store here. However, they won't be doing anything until the Parkway development has been finished because of, as has been mentioned previously on here, current problems getting acess for large lorries to the rear of the premises. Nobody will move into Woolies whilst Parkway is still an unknown quantity, Northbrook Street will die if Parkway is filled, if its not then the whole of Newbury will be a ghost town with shoppers going to Reading/Swindon/Basingstoke, or Hungerford/Marlborough for independent shops. A miracle is needed for Newbury, H&M and Debenhams in Parkway just isn't enough. Why is the date for the Parkway opening being put back - because they can't fill the units, and why would they? Where do you go shopping (open question ) We must also have the only Cinema in a town centre that no restaurant chain wants to be associated with! The Kennet Centre - should be renamed the White Elephant.
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Apr 13 2010, 10:20 AM
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QUOTE (blackdog @ Apr 13 2010, 12:49 AM) No ones jumping at the chance of a big shop - perhaps splitting makes sense. Why do they have to sell cheap tat? Mind you - selling cheap tat does seem to be profitable.
Perhaps they could provide a walkway through to Parkway - lots of passing trade. Do it up nicely, lett 20 small units or 10 medium sized boutiques, not market stalls - would probably raise more than letting it as a whole. Why do I say cheap tat? Because every indoor market, bar Oxford's, I have been to is filled with just that. 20 boutiques = at least £10000 pa each for the market owner to make a profit & cover the rent on that unit. I can't see it adding up.
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Apr 13 2010, 05:47 PM
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QUOTE (dannyboy @ Apr 13 2010, 11:20 AM) Because every indoor market, bar Oxford's, I have been to is filled with just that. You should try a walk down Burlington Arcade. It doesn't have to be an indoor market - why not view it as an arcade or mall.
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Apr 13 2010, 06:12 PM
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QUOTE (blackdog @ Apr 13 2010, 06:47 PM) You should try a walk down Burlington Arcade.
It doesn't have to be an indoor market - why not view it as an arcade or mall. The Galleria Subalpina in Turin is more me, but I get where you are going. When the Kennet Centre first opened they had an 'arcade' of sorts. Started where Boswells is now & came out where Petit Square & Pizza Express are.
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Apr 14 2010, 10:02 AM
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QUOTE (dannyboy @ Apr 13 2010, 07:12 PM) When the Kennet Centre first opened they had an 'arcade' of sorts. Started where Boswells is now & came out where Petit Square & Pizza Express are. Yes - the Kennet Mall - something along those lines would be fine - if it could connect into Parkway it would attract plenty of footfall.
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Apr 15 2010, 02:10 AM
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I imagine a lot of major shops will want to be taking up units in Parkway, what with the nice modern looks, security provided, publicity etc as opposed to a fairly old unit that probably needs a bit of work etc. The problem with Parkway seems to be that they are selling the biggest first and obviously the biggest units will take longer to sell and fewer businesses will be interested in them. Once those biggest units are done I'm sure the rest will be done fairly quickly. Perhaps those people that took over the Woolworths in Reading could take over the Newbury one as well?
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