Torbay traders are facing a dire situation with rents in the town centre around £63,000 a year, whereas rents in outlying areas a are around £6,000, creating fears that Torquay will become a ghost town.
The traders were disappointed that a meeting with commercial agents wasn’t more fruitful.
and the situation was described as disgusting by the Torbay Chamber of Trade chairman Christian Seiflow-Moran is quoted as the current situation as ‘disgusting’.
But apparently it’s not the landlords fault.
Paul Bettesworth, head of the real estate and industrial department at Bettesworths in Torquay, told the Herald Express: “The rent review clauses only allow for rents to be increased. It is not the fault of the landlords. It is the way the system works.”
But Torbay Mayor Nick Bye was situation would sort itself out in the end.