The Pimlico Road Association has argued that if rents become too high in SW1 the character of a street dominated by small independent dealers will be lost to big business.
Pimlico rent rise
Dealers on London’s Pimlico Road will learn shortly the results of their efforts to fight rent increases proposed by Grosvenor Estates. A meeting with landlords has been scheduled for June 9 with Grosvenor promising a “positive solution” to the issue. Presumably this will mean reversing earlier proposals to raise rents to £95 per square foot that came after rises from £43 to £65 imposed in December 2000.
