Something I consider to be one of the great but under-discussed melbourne mysteries is what is going on with Arthur Daley’s on Swanston Street. They’ve occupied what must surely be valuable real estate for decades but every time I go in there there is few to no customers and there doesn’t seem to be much stock turnover. Much of the stock looks dated or poor quality. They’ve still got a big Christmas selection out. All up it’s got big back rooms vibes. What’s their secret to staying in business?
@joannaholman
My theory (all made up): being a basement it's got flooding issues. If it changed hands/use it would trigger newer planning rules and would be closed down and/or made unviable due to crippling insurance increases
@siftinsand @joannaholman
That makes a lot of sense. "Ok I won't raise your rent. If you go I get no rent."