RENT DROP SAVES SUBI SHOP

Western Suburbs Weekly - - Front Page -

ROKEBY Road jew­ellery store The Glit­ter Co was set to be­come an­other casualty of high rents — un­til a West­ern Sub­urbs Weekly ar­ti­cle on its clo­sure helped turn ev­ery­thing around.

Af­ter more than 20 years in Subiaco, own­ers Stu­art and Chris Wal­ton had planned to shut down on Fe­bru­ary 28 as the busi­ness “could no longer sus­tain the rent we had been pay­ing over the last few years”.

“But af­ter the ar­ti­cle came out in Jan­uary, we got an of­fer from our land­lord that was a con­sid­er­able re­duc­tion and what we needed to stay,” Mr Wal­ton said.

“This cou­pled with the re-leas­ing of premises ei­ther side of us with ex­cit­ing new re­tail­ers, made us re-think.

“We signed the lease for a two-year pe­riod to en­able us to get through this tough pe­riod that Subi is go­ing through, and af­ter that it will be rene­go­ti­ated. We can now see our fu­ture in Subiaco.”

Mr Wal­ton said he hoped the “good news story” of his land­lord try­ing to do the right thing might en­cour­age oth­ers.

“If the rents aren’t enor­mous, then the re­tailer can stay on and get the cus­tomers a bet­ter price, so ev­ery­one benefits,” he said.

“When we wrote the ‘not’ above our ‘closing down’ sign, one of our cus­tomers who was dou­ble-parked out­side, ran in and said: ‘Look I can’t stop but I’m just so happy you’re stay­ing and keep­ing the colour in Subiaco’.

“Subiaco is more than just a place for peo­ple to shop; it will lose its heart if re­tail dies. I’m hop­ing the pub­lic­ity that has hap­pened might have wo­ken up land­lords and the Subiaco Coun­cil to look at this area a bit more.”

Toy World Clare­mont owner Peter Smart re­opened Subiaco’s Toy World on Hay Street last Mon­day.

“We were asked by the land­lord (Bar­rie Le­p­ley) to come in and keep the Toy World name in Subiaco, as it has been here for 20 years,” Mr Smart said.

Pic­ture: An­drew Ritchie www.com­mu­ni­typix.com.au d433688

The Glit­ter Co co-owner Chris Wal­ton.

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