The other reason is that York is an increasingly popular shopping centre and freeholds don't come up that often. |
There are fears rents could spiral forcing them out of business and the clubs demolished for housing if the authority presses ahead with an auction of freeholds next month. |
This has resulted in a starkly contrasting market between leaseholds and freeholds, especially in the sale of going concern businesses. |
City analysts believe that Coleman could partly finance any offer by selling some of the group's valuable freeholds and then leasing back the stores. |
Some of the freeholds were very valuable and some of the leaseholds were virtually worthless tenancies of shop-like premises occupied by the Appellant's branches. |
Had they ever been upon the ground where their freeholds lay? |