This from my post on the Shops thread..... which got me putting on my cynical head ? but not to a conclusion, perhaps some interested person might find one.
"The 'ghost road' at the heart of Colwyn Bay - and how it can be saved
Station Road was once at the centre of retail in the town but is now full of empty units.
"Rates dearer than rents" “This is better than having a street with lots of charity shops that don’t pay rates."https://www.dailypost.co.uk/business/business-news/prominent-former-bank-llandudno-set-16673213I remembered reading this
https://www.dailypost.co.uk/business/business-news/prominent-former-bank-llandudno-set-16673213I thought strange why would a developer do this....
And today
Prominent Llandudno retail unit snapped up after auctionThe retail site on Mostyn Street in the resort was bought after bidding ended this week.
A prominent unit in the centre of Llandudno has been snapped up after auction.
The retail site next to Marks and Spencer - which was recently occupied by the Sense charity - went up for auction with Allsop this week.
The site failed to reach its reserve price at the auction at The Berkeley, Knightsbridge in London.
But Allsop revealed it was sold after the auction. The price has not been confirmed.
The site had been occupied by the Royal Bank of Scotland (RBS) but they closed the branch in 2018.
It was empty until last autumn when charity Sense took on the lease as part of an investment by developer Rob Lloyd, who plans to open 20 stores in Wales.
They signed a 15 year lease on the property which is opposite the Victoria Centre. The current rent is £38,000 per annum.
https://www.business-live.co.uk/retail-consumer/prominent-llandudno-retail-unit-snapped-17748514The links below are to various articles, relating to business rates re charity shops, and those registered through a trading subsidiary.
Sense to open its first 20 charity shops in Wales ://www.civilsociety.co.uk/news/sense-to-open-its-first-20-charity-shops-in-wales.html
Councils trying to charge charity shops full business rates - See more at:
https://www.civilsociety.co.uk/news/councils-trying-to-charge-charity-shops-full-business-rates.html#sthash.Gi6D9ySc.dpuf