Spargo wrote:daysofourlives wrote:Spargo wrote:A cafe/bistro I walk past everyday has been closed down. The usual notices when someone is evicted from solicitors are stuck on the door. I thought I’d have a read...
The tenants are behind in rent dating back to June 2017.
That’s 17 months in arrears!
The amount owing is a whopping $340,000.
Firstly, how the hell does the landlord let them get so far behind, surely they would’ve stepped in a long, long time ago?
Secondly, I would’ve thought that the cafe owners/managers would’ve known early on that things weren’t working out & tried to cut their losses?
Staggering.
would have to do a lot of meals to cover 20k/month rent, Where is it located?
What would rental prices be in high traffic areas?
North Adelaide - diagonally opposite the recently closed down Archer Hotel.
I guess that sort of location might justify that rental but still, have to sell heaps, plenty of compet ition too