Wednesday 7 January 2015

Rent Increases

Management have advised that all PE and SL licence fees at QVM will increase from 1st February 2015.

The increase is 4% which is in line with the standard SL licence agreement. Letters have been sent to traders giving details of the new fees.

HaveYour Say – click here.

15/01/2015 11:06:49 Rent Increase "So the QVM PTY LTD, have decided to increase our rent, another 4%, for the 2nd time within 12 months. This rent rise is well above the CPI index.
Management tries to justify the rent increase on increase security and cleaning costs, but lets face it, the recent increase in costs would all be attributed to the SPECIAL EVENTS held in the market. Surely these events should have covered the costs, not us the market traders. 
General merchandise traders are bearing the brunt of his increase, but we are not seeing any additional cleaning or security services to back up these claims.
I would also assume that the increased staff levels in the office would have had a massive increase the operating expenses, but that information is off limits to us.
How many staff are now employed by the QVM PTY LTD?
What are there roles?
Do we require all these staff to run our market?
It would be nice to know, but I'm guessing we will never be privileged enough with that info." Lance
15/01/2015 11:17:39 Rent increases "It's now almost cheaper to rent a 100sqm space in the city, with power, water, gas, heating, cooling and if course a shop front address with doors and windows. 
The market used to be a thriving space, with 1000+ traders, but now with the highs rents, lower turnover, traders are leaving and finding long term traders is becoming harder and harder. The markets used to be a place that small businesses started out, but these days you can go to the smaller weekend markets, pay a much smaller rent and try out your products, or if you can talk your way into a shopping centre or shop on a short term lease you can test your business on a month to month basis. Plenty of shops will lease on a short term basis these days while looking for a long term tenant. 
Maybe if the rents were reduced we could attract more stall holders, maybe even reduce our prices, and increase customer volumes all through this one process of having a full market of traders again, thus making us an attraction. 1000 stall holders at a reduced rent would actually make the QVM PTY LTD more income than 500 traders at a higher rent." Lance