Wednesday, May 29, 2024

Closed for business

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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.

 

Cadogan, Grosvenor and South Kensington Estates should be ashamed of themselves.

 

Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
Three empty shops in a row in Belgravia
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
This former convenience store on Eaton Terrace has also been empty for several years
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
Marston & Langinger and Talisman recently closed their premises in Ebury Street
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
H. R. Stokes was situated in Elizabeth Street for 150 years but was recently forced out by Grosvenor
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
Chelsea restaurant Elistano became empty over a year ago when its owner threw in his keys
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
Another empty unit in Ebury Street
Closed for business – Cadogan, Grosvenor and South Kensington Estates – Empty shops in SW1, SW3, W1
Allens 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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    8 COMMENTS

    1. Unless greedy and very shortsighted landlords correct their ways in short order, the place will turn into Monaco, a soulless ghost town.

    2. First most of our pubs went. Then those small, independent shops and businesses that gave a village-feel to our neighbourhoods disappeared. Now our empty streets are filled with Ocado and other “we deliver” vans; kamikaze pizza mopeds and a noisy parade of foreign-registered Lamborghinis, Ferraris and McClarens. All because of the mad-monetary policies pursued by the mendacious ‘Boy’ George and his ‘REMAIN’ cronies!

    3. I cite the proposed sale of the contents of Dumfries House by Johnny Dumfries as a prime example of a modern young man of good background and extreme privilege rejecting his inheritance

      Dumfries House was rescued for posterity by HRH Charles, Prince of Wales

      Johnny Dumfries is a significant racing driver

      His forebear sold Cardiff in the early thirties to finance General Franco, thus creating Western Ground Rents, which is a Grosvenor / Cadogan / Bedford style operation

      The leases on Cardiff should revert to the Bute family in under twenty years – yipee

    4. This has also happened here in Aspen. Individual merchants who actually live here and participate in the community have been forced out by high rents that large chain stores like Prada, Chanel, Valentino, Brunello Cucinelli and others who will operate at a loss just to have the prestige of Aspen visibility are willing to pay. The going joke here is that there is no place to buy socks. The charm and individuality that made Aspen delightful have been steamrollered.

    5. When Osborne became CofE his sycophantic Oxford tutor rambled on about how precociously clever he was. In reality, people tell me Osborne had a fairly run of the mill mind. This often happens with these Oxbridge tutors: they seize every chance to grease up to former charges-done well-n the hope of some government sinecure or quango(yes, they still exist)
      One of Osborne’s especially stupid ideas is to allow local councils to use business rates to perk up their local economies.
      If you have ever met the average councillor you would know that they would fast succeed in bankrupting a charity shop. None have any business experience….and don’t get me on to the officers. Outside local government they are unemployable.
      Between the greedy landlord and central government who set business rates, our communities have been hollowed out.
      London is now run for the dodgy rich, or, as my ex K&R negotiator friend said. ” people from countries you would not want your gap year daughter sending postcards from”.

    6. If the shops are empty I assume landlord’s get no money , so they loose for years , but would, nt if they never increased the rent . Dont they make enough money? Plus more people out of work,

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