Goatstoe's comment - "Heard a bit of a Newstalk radio programme this morning. Some of the panelists were making the point that there are empty buildings being allowed to become derelict in main streets and thoroughfares throughout the country, including across the street from the GPO. The point was made that in Canada among other countries, the owners of these properties would be hit with a severe dereliction tax which would force them to either fix up the property or to sell it on. Typical of the dereliction of duty from this administration, just another issue they are failing to tackle."
I agree 100%, owners should be made to pay higher rates for empty buildings and they would be keener to lease them instead of letting them run down and become derilict. Upward only rent leases are a major cause of the empty shops everywhere because although they are empty, the rent is still being paid because the tenant can't get out of the lease. The tenant closes the shop because the rent is so high that they can't make money and so it is cheaper to close. Or, the business has gone wallop and the guarantor is paying the rent until the lease runs out which could be in 20 years. Number 2 Grafton Street is an example of this. It has been closed for two to three years and the rent is still being paid so landlord does not care that it is empty. Destroys the street. I think the landlord and tenant are both banks. It used to be the Mortgage Store. There is the possibility of a good income stream for local authorities if they brought in increasing rates the longer a shop remains empty. Also it would force the sale of these properties allowing real values to prevail.