Printing.com will soon open at Terrace Junction in the space previously leased by Subway. The globally franchised store made a sudden exit from the site in June, but would not be drawn on rumours legal action had been taken by the company against the landlord over rental prices. Photo by Tracey Roxburgh.
Subway is considering opening two new Wakatipu stores, after
its sudden exit from Terrace Junction in June.
Subway South Island development manager Stan Greene would not
be drawn on whether Subway was pursuing legal action against
its former landlord over claims of high rent.
The Otago Daily Times understands the lease at Terrace
Junction, near the BP service station, may have been more
than $100,000 a year.
When asked about the figure or the possibility of court
action, Mr Greene said he would not comment.
''Generally speaking, everyone knows Queenstown is a tourist
place and has high rentals ... Leases as a whole ... are a
binding agreement between the tenant and landlord so they
must be OK at the time of signing.''
No decisions had been made about where any future stores
would be, Mr Greene said.
There is already a Subway store in Camp St, in central
Queenstown, and the ODT understands Subway is looking
at Five Mile as an option, with a third store for the resort
Maori Hill Property Ltd director and general manager Dale
Robertson, property manager for Terrace Junction, was on
leave and unable to respond to requests for comment.