Warehouse Sales on market after closure
THE Warehouse Sales building in Mitchell Street has been put up for lease more than two weeks after the business was placed into liquidation.
The Bendigo outlet was one of several Warehouse Sales stores to close as part of the liquidation, which is being undertaken by KPMG.
Mary Agnew of DCK real estate said the building’s owner, who she did not name, had been the big loser from the company's closure.
“We’ve been trying to get into the building for a couple of weeks but we haven’t been able to,” she said.
“The owner’s not getting any rent. I understand it’s full of stock, but the liquidators have to deal with that. It’s got nothing to do with us.
“Unfortunately the liquidators have all rights.
“It’s the poor old landlord that suffers.”
Customers have also been affected by the closure. Several people have posted comments on The Bendigo Advertiser website saying they paid or partly paid for goods which they had not received.
I understand it’s full of stock, but the liquidators have to deal with that. It’s got nothing to do with us.
KPMG could not be contacted at the weekend.
But KPMG partner and Warehouse Sales co-administrator Damian Templeton told the Border Mail in early October it would take several months to say what would happen to the retail chain.
He said it was unclear what might be offered to customers or what would happen to employee entitlements.
Ms Agnew said the retail market in Bendigo was “extremely bad” and said landlords had dropped rent in a bid to keep tenants.
“I hope the store will be leased,” she said.
“We’ve just got to get these premises leased so the landlord can mitigate any further loses.” The 370 square metre building is available for $58,000 per year.