Cheap rent: High Street landlords are offering £1 rent to help keep chain stores in town

You can't get much for a £1 these days, unless it's on the high street.

High street landlords across the country are offering bargain basement rents of £1 a year to stave off business rates and keep chain stores in town.

It has emerged Dixons, owner of the Currys and PC World, has said it is paying just £1 a year on a 'small handful of its stores', the Financial Times reported.

According to the paper, the offer was made to those stores which are on high streets with a very low vacancy rates and were due to close when the lease expired.

Source: Daily Mail

 

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