A BIKE shop is the last business you might expect to leave Fremantle.
But for Fleet Cycles on Adelaide Street the bike boom is over.
Owner Mikey Boulton told the Herald falling trade and a lack of planning vision is failing big parts of the port city. SOS surf shop next door closes in September.
“Freo is a great place for coffee and festivals but as far as shopping districts go … it’s losing its way,” Mr Boulton says.
Halfway through his five-year lease of the council-owned store, he says he can no longer afford his rent nor risk seeking alternative premises in Fremantle.
By June 30 the 400sqm shop will be empty, with stock and staff transferred to his store in Mandurah, where he is doing a roaring trade.
Source: Fremantle Herald, May 31, 2013