Funky Gibbons

GibbonsWord is that the old Gibbons unit opposite Waitrose in Caversham has now been sold.

But that begs the question of why this small, quirky unit with much potential, was empty for years.

Like many offices, retail properties can often lie empty for seemingly unfeasible lengths of time. How can it benefit anyone to leave a shop with no tenant? Someone has to pay the rates and someone has to lose the rent.

It seems understandable that temporary shops, not the prettiest businesses in any high street, are welcomed by landlords, to plug gaps in their income stream.

Just two doors from this property – now Co-op Funeralcare – was one shop that lay unused for much of the last decade as business after business failed.

Someone somewhere had to be losing revenue in that time and presumably their pockets were deep.

But while an owner is struggling to let or sell, I’d take a guess that lawyers somewhere are doing ok from it. Why else would anyone string out the time a unit lies empty when it seems everyone is the loser?

 

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About Alan Bunce

Freelance journalist Former Community Editor with the Reading Post. Former Business Editor with the Reading Chronicle.
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