It’s the end of the world for Planet X in rent rise
PLANET X at Mt Druitt has closed its doors, with owners citing a rent increase as the reason the trampoline centre couldn’t continue to occupy 1 Zoe Place.
The site has been recently bought by Ausunion Property Investment Group, which has plans to build the first 10-storey high-rise building in Mt Druitt.
The proposal for Mt Druitt Central, a development which will spread across three towers, was approved by Blacktown Council in August.
The site will include a mix of 15 commercial shops and 268 residential units, which are mostly two-bedroom floorplans. It has meant an early exit for Planet X and its more than 20 junior staff members.
One of the Planet X owners, who did not want to be named, said negotiations with the site’s new owners ended with the request for about triple the rent they were paying, and left them with two weeks to move out.
But Ausunion Property Investment Group director Anna Wang said the rent being paid was “very low” compared to what neighbouring businesses pay.
Ms Wang said the final development application for the proposed Mt Druitt Central should be approved within the next two weeks.
She said the first step next year would be to obtain a construction certificate before work begun.
Planet X owners have put the fittings into storage until a new site can be found.