Is There Really Nothing Left In Nottingham?

The 15th episode of the Death of the High Street - NOTTINGHAM/SHIRE

I am back in the Midlands with this video. I had heard a lot about Nottingham, and how the centre is looking really bare. I kept getting sent messages about making a trip so it was about time to check it out for myself.

Before Nottingham, I made a quick stop at an empty shopping centre I had heard about in Grantham, Nottinghamshire. A familer sight, with only about 3 shops open. I also delved into just how much it would cost to open a shop in this place and it was crazily expensive.

Business rates really are such a damaging factor along side online shopping and rent.

I enjoyed my wanderings. I found the abandoned shops as expected but also friendly people and some awesome caves under the city which topped off the experience and I was glad to show a cool attraction.

Until Next Time,

W.T

#abandoned #city #decay #urban #notts #empty

[ChristopherVickers]

I'm sure nobody will see this comment but the reason that all the shops are empty is because none of the properties are owned 100%. All the companies that control them have taken out huge loans from the banks and leveraged their property portfolio to buy other properties. Basically, the companies have used their existing properties as collateral to buy new ones so nothing is really owned by the company that is collecting rents.

If the business that controls the property drops the rent, the value of the property drops (this is how the banks calculated the value of it). If the value of the property drops, then the businesses assets are worth less than the loans. If the assets are worth less than the loans, the banks are in big big trouble as the loan is more than the assets for it. The company goes under, the bank will be looking at huge losses.

In short, the banks are and businesses that control the properties are happier to have empty shops and no rent, than to have a low rent and someone in it. There is a massive global commercial real estate bubble. Its the same everywhere. Eventually the businesses/banks will go bankrupt but they are kicking the can as long as humanly possible. We are on the cusp of a commercial property crash

[vsionary]

Nottingham was such an amazing city centre in the 80s and 90s and had the best record shop ever - Selectadisc

[AdamMalster]

I live in Taiwan. I went back to my home town of Nottingham for the first time since 2017 last summer and I could not believe it. It was so depressing. The soul has been ripped out of the place. It used to be so vibrant. When I was a lad in the 80s and 90s it was a really groovy, happening place. Now it's all vape shops.

[doodoodoo]

Always loved Nottingham, clubing in my late teens and early 20s. Late 80s early 90s. Shopping was fantastic. Just so sad to see the decline of not just Nottingham, but other great cities and towns in general. 😢

[welshfae]

I have no problem with ads, as you said they are skippable, at end of day you provide free content for people to watch. Let's hope you get that house soon. I've gone from hiking and walking everywhere to lose the loss of my legs over past 5 years. You and similar keep me going, thank you x

[jonathancollard]

In the mid 1980’s to 1990’s Nottingham was THE most happening trendy city in the Midlands….people would travel from Derby, Leicester, etc to go out…. Nightclubs, bars, clothes shops and hairdressers were the crème de la crème. Gorgeous girls and smart fellas were everywhere!… I am genuinely shocked to see the malaise and decay 😟

[TheDoosh]

To be fair, I travel all over the country for work but I'm from Nottingham and it is nowhere near as bad as most places. There is still tons going on you just need to know where to go, a lot of those places early on in the vid were around the old Broadmarsh centre, when they closed that nobody had a reason to be around that part of town hence a lot of empty units. Head into the lace market and Hockley and you'll find it still pretty vibrant, loads of great restaurants and cool shops.

[mazjones]

Nottingham resident born and bred here. So the broad marsh was recently knocked down, that street you thought was the center has suffered due to less foot traffic as a result. Businesses have moved to victoria centre. Nottingham city centre is massive and still very much thriving. Most of the buildings were restaurants.

[manth]

I used to love going to Nottingham. We went back a few weeks ago and what dive it is now! Won't be rushing back.

[Juglugs]

I am not long back from a weekend city break in Nottingham, and I was impressed with the city in general though I did not do any shopping. I would definately go back. There are much worse places to spend your time. As regard to most High Streets in the UK being knack'd, online shopping has a lot to answer for.

[Sam-spnc]

I think personally online shopping isn’t a big pull for me, I much prefer going into shops and looking at things I can buy, rather than risking quality and a return/exchange process full of hassle

[thindigital]

Silent apocalypse.
You cant run a country on hubris and past glories.

[RobertCretanhero]

I left Nottingham 16 years ago to start an adventure in Greece. Every return visit to my former home city is full of surprise at how this once vibrant and dynamic city has fallen so far. Once the " Queen of the Midlands ", now a city with no identity. ❤️🇬🇷

[reginaldscot]

I left Nottingham and the UK 8 years ago for a new life in South East Asia. I came back to Nottingham last month for a holiday and to see old friends. I came back feeling very depressed for the people I left behind in the UK. I honestly don’t know how people live in the UK anymore.

[mancsblue]

They never speak about because they don't care !
We would rather get involved in off shore politics than tackle the pressing issues at home
Our country is dying and neither sides seem too bothered
Shocking

[the_lone_photographer]

Made me laugh when you called Ice Nine a magic trick shop. It’s an alternative clothing store that’s been there since 1979 and still going strong! That part of the city is called Hockley, full of independent shops, easily my favourite part. Thanks for covering Nottingham, I miss it since moving away and this was a great reminder of the place despite it being a bit rubbish there

[rjb]

Many moons ago, I worked in Yates (Now slug n lettuce) on the main square. We had access to the cave system underground. In its day, it was like a rabbit warren of connected underground businesses and workshops. Most of the older buildings still have a ''Secret door'' to the downstairs.

[Marv]

Lived in Nottingham for over 40 years. Loved the place, going shopping with mum every Saturday.
Selectadisc I remember, did they have an upstairs were the punk rockers use to hang out.
You could walk around for hours and still not see everything. Great times.

[ACatCalledSnow]

As someone who lived and grew up in Nottingham seekng how much it has gone downhill is super sad.

It really did have some great shops back in the day.

Like Another World on King's Street. Page 45 on, I think, Queen's Street? I even liked Broadmarsh back in the day.

Thank you very much for this. It brought back memories.

[iansteel]

The cost of parking is also an issue to many people, especially when you can park free a say Tesco and it stocks loads of stuff plus food, it's like the local council want the shops gone so they can sell the land to build flats on.