Cheap rent boon for charity shops

Costs fall as landlords attempt to fill vacant premises

Charities that run shops are benefiting from reduced rents on high-street commercial property as landlords try to fill premises made vacant in the recession.

Trevor Caffull, managing director of the Salvation Army Trading Company, said it would open a significant number of new shops this year.

"There are opportunities in retail locations we would not have considered in the past because of prohibitive costs or restrictive tenancy arrangements," he said.

Ken Blair, head of the British Heart Foundation's shops division, said: "The commercial sector is having a tough time and charity shops can benefit."

But Jamie Huard, a solicitor at law firm Bates Wells & Braithwaite, warned: "Landlords get the rent and rates off their hands by passing the costs to charity shops. But cheap rents are often on short leases that can be terminated with little notice."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Safeguarding in the Third Sector

Safeguarding in the Third Sector

Partner Content: Presented By Markel

Safeguarding - the process of making sure that children and vulnerable adults are protected from harm - is a big concern for organisations in the third sector.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now