Oh Woe, Agora selling up

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Permalink Reply by Noots on February 24, 2012 at 11:36

I wonder what odds you'd get on another Bookies opening up in its place?

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Permalink Reply by Stephen Moore on February 28, 2012 at 13:15

This may not be Agora selling up - it looks to me like they are the tenants. This is the freehold of the building up for sale. So in theory, whoever the new landlord is could agree a new lease with Agora, or anyone else of course.

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Permalink Reply by Hugh on February 28, 2012 at 13:41

You sure about that Stephen? it's advertised at £25k a year. Looks like the lease to me.

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Permalink Reply by Stephen Moore on February 28, 2012 at 13:52

No, it's an observation. The ad is headed 'Commercial property for sale', that's all. The rest of the description can be read either way; it could be describing the lease that's for sale (if so the title's wrong as it's the lease for sale, not the property), or just be information for a potential new freeholder - that there's a lease on it that needs to be renegotiated.

Plus if it says 'new lease to be agreed', why advertise it at £25k per year if the price could change?

Anyway, as I said, it could be read either way...

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Permalink Reply by Hugh on February 28, 2012 at 13:58

Yes, I see what you mean, but it seems to be common practice to describe commercial properties as being fro sale whether it the lease or te freehold that's on offer. If it's the freehold, you'll usually be given a freehold price. This one quote no freehold price. But who knows!

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Permalink Reply by Chris brock on February 29, 2012 at 5:52

But in any case, as Noots said, it's a fairly good bet (no pun intended) that it'll turn into another gambling "emporium"

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Permalink Reply by Old-Age-Emporium(OAE) on February 29, 2012 at 8:03

Do we have to discuss the Agora on this Forum?

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