Kensington & Chelsea and Westminster closes for business
I’ve previously bemoaned the effect of London selling out to foreigners who never move into the properties they buy. The “money park” effect has led to a “no lights on, nobody’s home” situation in the streets of Kensington and Chelsea and Westminster and now local businesses are paying the price.
The following pictures provide just a few indicators of how many empty shops there are currently in the Royal Borough and Westminster as a result of their being fewer customers and equally, greedier and greedier landlords demanding higher and higher rents.
Three empty shops in a row in BelgraviaThis former convenience store on Eaton Terrace has also been empty for several yearsMarston & Langinger and Talisman recently closed their premises in Ebury Street
H. R. Stokes was situated in Elizabeth Street for 150 years but was recently forced out by GrosvenorChelsea restaurant Elistano became empty over a year ago when its owner threw in his keysAnother empty unit in Ebury StreetAllens opened in Mayfair in 1830 but was forced to close in 2015 after rents in the local area been increased by an influx of designer fashion shops
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