The roof leaks, the lighting in the toilet shared with five other shops doesn't work, there's no hot water and the rent has gone up $100 a week – backdated since June.
Paul O'Grady runs the Copy Shop in Mount Maunganui and is among many retailers considering their options as a wave of massive rent hikes rolls through the downtown area.
Paul O'Grady.
Some retailers have been able to negotiate reduced increases or no increases after the lean winter, says Paul.
Others have told their landlords they will walk if their rent goes up.
Carolyn Eve walked out of their Mount Maunganui shop because the rent went up, says Paul.
Taste of Asia is gone. Two Guys, across the road from the Copy Shop was empty for more than a year.
'I'm tied to a lease, given a choice I would walk-out tomorrow,” says Paul.
'My neighbours are in the same boat.”
The valuer told Paul his rent has been increased, ‘because it didn't go up last time'.
'What concern of his is that?”
The valuer told him the increase was suggested on the assumption that everything about the building worked.
Paul says the rents are chasing an unsustainable $650 per square metre level charged by owners of the new building opposite Prince Avenue.
'The only people they had in there for six months did a runner,” says Paul. 'They had a closing down sale from the day they opened. There's going to be more people closing.”



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